Quick Access BEN Helps Support Portal ... ©2021 Division of Finance at The University of Pennsylvania. Undergraduate Named Scholarships at the University of Pennsylvania. In addition to course prerequisites, STAT 102 may be taken concurrently. This course explores the economics and politics of public policy to provide an analytic framework for considering why, how, and with what success/failure government intervenes in a variety of policy areas. This course will introduce students to data science for financial applications using the Python programming language and its ecosystem of packages (e.g., Dask, Matplotlib, Numpy, Numba, Pandas, SciPy, Scikit-Learn, StatsModels). We will examine how current and historical events are reshaping the industry and highlight the basic analytics of managing a bank's exposure to liquidity, credit, market and reputational risk. ACCT 101 + STAT 101 may be taken concurrently. The course covers a wide range of applications, including the use of derivatives in asset management, the valuation of corporate securities such as stocks and corporate bonds with embedded options, interest rate and credit derivatives, as well as crude oil derivatives. This course intended for Penn undergraduates considers economic models of household decisions and examines evidence on how consumers are managing (and mismanaging) their finances. The importance of private information and public regulation for disciplining the fiscal performance of democratically elected governments will be a central concern. We will cover recent models that have been proposed to shed light on intreguing and important empirical patterns in the cross section and in the time series. Type a word or phrase into the search box to find the answers you need. In addition to prerequisites, FNCE 705 is highly recommended but not required. The department prepares students for careers in research and teaching at the world’s leading academic institutions, focusing on Asset Pricing and Portfolio Management, Corporate Finance, International Finance, Financial Institutions and Macroeconomics. (Formerly FNCE 206) This course covers one of the most exciting and fundamental areas in finance. We will provide descriptions of types of infrastructure, examine the financing needs of different infrastructure projects, consider the historic role of public and private funding, assess the changing needs of consumers, role of technology and the increasing demands posed by a globalizing economy. Further, we will examine more closely the preferences and trading decisions of individual investors. Student are thus expected to work in teams and demonstrate a high level of independent learning and initiative. In addition, some computer proficiency will be required for the assignments, although familiarity with a spreadsheet program (such as Microsoft Excel) will suffice. The course covers the various options available for distressed firms, such as out-of-court workouts, exchange offers, prepackaged and pre-negotiated, bankruptcies, distressed asset sales, 363 auctions, and Chapter 11 reorganization. This course explores Impact Investing, a discipline that seeks to generate social benefits as well as financial returns. FNCE 202 Consumer Financial Decision Making. Financial Aid. Taught around the globe, the modular courses help us enrich the curriculum and research on our own campuses in Philadelphia and San Francisco. Project evaluation, financing strategies, investment decision making and real estate capital markets are covered. The approach is rigorous and analytical but the course will not cover several topics included in the full semester Corporate Finance course, including: market efficiency, corporate financial policy (including capital structure, cost of capital, dividend policy, and related issues), and options. Prerequisite: FNCE 100 AND (FNCE 101 OR ECON 102). Quick Access 2020 Tax Forms . Economics is a social science and as such an important component of the liberal arts curriculum. Penn is an elite private university located in Philadelphia, Pennsylvania. Upon completion of this course, students should acquire a clear understanding of the major principles concerning individuals' portfolio decisions under uncertainty and the valuations of financial securities. The course is taught in lecture format, and illustrates key concepts by drawing on a collection of case studies and visits from industry experts. The new seventh edition of 'Introduction to Financial Accounting' has been fully revised and updated to reflect the very latest developments in this dynamic field and offers contemporary and comprehensive coverage of Financial Accounting ... In each of these areas, we start by analyzing the marketplace, the incumbents, and then proceed to analyze the impact of the most relevant technologies have on the business. The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2021 and later. Students will learn production-based asset pricing models, particularly the asset pricing models with investment-specific technology shocks, risk shocks, financial friction, searching frictions and information frictions. Quantitative models play a key role in the valuation and risk management of these securities. This course covers infrastructure financing and investing from various angles. The course will cover and apply techniques, including dynamic programming, to solve dynamic optimization problems under uncertainty. difference in differences, matching techniques, regression discontinuity design, instrumental variables, duration models, structural estimation, simulated methods of moments. FNCE 888 Adv PE-Fundraising, Sourcing and Value Creation. Inspired by the undergraduate finance program at the Wharton School, this program merges real-world understanding of finance with social impact. The key themes of the framework - all parties, all taxes and all costs - are applied to decision contexts such as investments, compensation, organizational form, regulated industries, financial instruments, tax-sheltered investments, mergers and acquisitions, multinational, and multistate. The finance concentration develops the skills necessary to work at a high level of expertise in all areas of finance, including: Concentrating in finance also equips students well for careers in law and government in addition to the private sector. We are driven by promoting equal access to the finance industry and supporting all our members in reaching their goals. Please email acct-staff@wharton.upenn.edu. The objective is to give students the concepts and tools necessary to assess the often-complex situation facing a firm in financial distress. The Directory allows interested students to identify and connect with Penn faculty mentors. Please email acct-staff@wharton.upenn. Forte College Fast Track to Finance Conference (register by October 1) Share Options. The course covers current conceptual and theoretical valuation frameworks and translates those frameworks into practical approaches for valuing companies. Prerequisite: MATH 104. 1% Media & Entertainment. International Financial Aid. The primary objective is to provide a framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory. Venture capital is not explicitly addressed in this course. The topics covered may include capital structure, distribution policy, financial intermediation, incomplete financial contracting, initial and seasoned public offerings, market for corporate control, product market corporate finance interactions, corporate reorganization and bankruptcy, financing in imperfect markets, security design under adverse selection and moral hazard, and some selected topics. This course discusses actual situations where companies need to make strategic decisions on raising equity capital. These may include leasing, mergers and acquisitions, corporate reorganizations, financial planning, and working capital management, and some other selected topics. Topics include diversification, asset allocation, portfolio optimization, factor models, the relation between risk and return, trading, passive (e.g., index-fund) and active (e.g., hedge-fund, long-short) strategies, mutual funds, performance evaluation, long-horizon investing and simulation. This course will cover a variety of applied topics in private equity (PE) with a focus on growth and later-stage buyout transactions. This course covers advanced theory and empirical investigations; financial decisions of the firm, dividends, capital structure, mergers, and takeovers. In addition to course prerequisites, FNCE 101 is recommended but not required. Personal website. The second course may be used to fulfill a General Education Distribution or Unrestricted Elective requirement. Penn accepts either the Common Application or Coalition Application. Wharton’s Real Estate Department seeks to produce sophisticated professionals with the necessary skills to succeed in the business world but who also have a broader perspective on the issues involved in creating and maintaining living and working environments. Through these cases, from the decision-makers perspective, we will explore the different paths that can be taken and consider issues This half-semester course combines lectures and cases, and will go through actual situation where companies need to make strategic decisions on raising equity capital. Admitted Class of 2024. Undergraduate Financial Aid Leadership Council The Undergraduate Financial Aid Leadership Council was established in 2014 and has helped to raise more than $15 million in scholarship gifts. The course will cover the central themes of modern finance including individual investment decisions under uncertainty, stochastic dominance, mean variance theory, capital market equilibrium and asset valuation, arbitrage pricing theory, option pricing, and incomplete markets, and the potential application of these themes. The format of the course will mix lectures with presentations from industry participants, hedge fund managers, those who invest in hedge funds, those who advise them and provide services to them, and those who regulate them. Note: Profile as of July 20, 2021. This is an intermediate-level course in macroeconomics and the global economy, including topics in monetary and international economics. Published studies will be utilized in a variety of fields such as corporate finance, labor economics, and industrial organization to illustrate the various techniques. Some programming and experience is helpful though knowledge of Python is not assumed. The objective of this course is to undertake a rigorous study of the theoretical foundations of modern financial economics. 100,000 Reasons Why Wharton is Right for You Wharton’s alumni network. All Wharton single degree undergraduate students must complete a minimum of 37 course units (CUs) 1 and meet the curricular requirements described on this site and in the handbook.Students enrolled in a dual-degree or coordinated dual-degree program should check with their program advisor to learn about their unique requirements. This course provides an introduction to real estate with a focus on investment and financing issues. The concepts developed in FNCE 100 form the foundation for all elective finance courses. The main objective of this course is build intuition and skills on (1) pricing and hedging of derivative securities, and (2) using them for investment and risk management. In this new fourth edition, Jeremy Siegel updates his argument for long-term stock market investment with: comparisons of ETFs, mutual funds, and index options and futures; evidence that the rapid growth of emerging markets will not only ... The latter part of the course extends the analysis to corporate decision making. Topics covered in depth include discounted cash flow techniques and price multiples. Total Wharton MBA Applications for class of 2022: 7.338. The course is methodology oriented in that students are required to master necessary technical tools for each topic. Applications for FNCE 899 ISP's will not be accepted after the THIRD WEEK OF THE SEMESTER. Penn Student Financial Services Office. We will study the determinants of the level of national income, employment, investment, interest rates, the supply of money, inflation, exchange rates, and the formulation and operation of stabilization policies. The course concentrates on the transaction stage of PE investing, mostly leaving aside deal sourcing, portfolio management and investor relations. It will explore how different buyers approach the process of finding, evaluating, and analyzing opportunities in the corporate-control market; how they structure deals and how deal structure affects both value creation and value division; how they add value after transaction completion; and how they realize their ultimate objectives (such as enhanced market position or a profitable exit). Infrastructure covers roads and bridges (the original infrastructure), to railroads, airports (the more recent infrastructure), to telecommunications and solar and wind power installations (modern infrastructure). 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