5 credits
One of the main causes of economic failure in the United States is the assumption of too much financial risk, including overspending and bad investments. The best way to mitigate risk factors is for financial managers to understand the impact of spending on financial markets. In this course, students investigate the implications of these risk factors and examine various aspects of financial markets, including money, bond, mortgage, stock, foreign exchange, and derivative security. Students learn about the operation and regulation of commercial banks, thrift institutions, insurance companies, securities firms, investment banks, finance companies, mutual funds, and pension funds. Through this course, students have the opportunity to gain the skills and knowledge that financial managers use to predict and manage risk and future trends.