EFIN - Financial Engineering

EFIN 101  Introduction to Financial Engineering: 1 Credits (1 Lec)

(F) A seminar course surveying the financial engineering profession. Topics include an overview of career opportunities, problem solving processes, and an introduction to the basic financial engineering processes, professionalism, and ethics.

EFIN 301  Engineering & Economic Financial Management I: 3 Credits (3 Lec)

PREREQUISITE: ECNS 301, EIND 354, and CSCI 127
COREQUISITE: EFIN 101. (Sp) Introduction to financial engineering principles and tools used to manage risk, lower costs, and access new markets. Applications of arbitrage pricing are explored with emphasis on derivatives and applications. Numerous numerical financial applications using R and higher-level programming languages
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View Course Outcomes:

1. Explain the importance, usefulness and limitations of financial engineering.\\n
2. Demonstrate how to construct, price, and hedge complex derivatives.\\n
3. Apply numerical analysis and methods in stochastic financial modeling

EFIN 305  R Lab for Financial Engineering I: 1 Credits (1 Lab)

PREREQUISITE: None. (Sp) This computer lab course will supplement topics in EFIN 301 by introducing students to using R to analyze financial engineering concepts. In addition to introducing students to basic numerical and functional procedures in R, the lab will emphasize tools in data analytics to import, visualize, simulate, estimate, and export data in order to solve applied problems related to financial analytics

View Course Outcomes:

1. Download and prepare data from a range of financial data sources to be used in financial engineering analysis.
2. Create figures and tables for data visualization.
3. Utilize financial tests and calculate financial ratios that can be used in financial analysis.
4. Characterize financial data and use simulation techniques to calculate risk parameters.

EFIN 401  Engineering & Economic Financial Management II: 3 Credits (3 Lec)

PREREQUISITE: EFIN 301. (F) This is the second course in the financial engineering course sequence. Financial engineering develops and manages financial strategies and tools in financial management. Topics include optimization, depreciation, risk management, asset value models, stress testing, credit derivatives, and regulation

EFIN 405  R Lab Class II: 1 Credits (1 Lab)

PREREQUISITES: EFIN 301 CO-REQUISITE: EFIN 401 This course is the lab class for EFIN 401, Engineering & Economic Financial Management II, the second course in the financial engineering sequence. Financial engineering develops and manages financial strategies and tools in financial/risk management. This course will utilize R to modelling and implementing the asset pricing, risk assessment, and risk management procedures discussed in EFIN 401

View Course Outcomes:

1. After completing this course students will be able to:

   (1) Download financial data, detect and clean date errors, and manipulate and merge data from differing data sources using R.

   (2) Construct, price, and hedge financial derivatives and other financially engineered instruments using R.

   (3) Model, assess, monitor, and control risk and risk exposure in portfolios of financial assets using R. 

EFIN 498  Internship: 1-3 Credits (1-3 Other)

PREREQUISITE: EFIN 301 and consent of internship coordinator. (F, Sp, Su) An individualized assignment arranged with an agency, business, or other organization to provide guided experience in the field

View Course Outcomes:

1. Apply professional skills, concepts, models, etc. in internship
2. Identify and work toward learning goals specific to internship

EFIN 499R  Financial Engineering Design Capstone: 3 Credits (1 Lec, 2 Other)

PREREQUISITE: EFIN 401. (Sp) A comprehensive open-ended team design project emphasizing the engineering and evaluation of financial instruments and decision support models in order to manage risk, create strategic business opportunities, lower costs and access new markets. Teamwork and communication skills emphasized

View Course Outcomes:

1. Act as thinkers and problem solvers to construct and execute an appropriate research process in order to solve an open-ended problem in the Financial Engineering domain and meet a set of client needs.
2. Create new financial instruments, risk management strategies, or data models using the skills and knowledge of a financial engineer.
3. Develop and deliver new knowledge to clients that improves their business operations or risk management systems.
4. Contribute as a citizen by demonstrating skills in interacting professionally with clients and team members through improved understanding of teamwork and collaboration.
5. Demonstrate effective communication skills with clients, team members, and the general public.
6. Apply project planning, tracking and control concepts and tools to a live project, and actively manage it.