Cooper Union

Finance

Introduction to finance and financial structures (companies, banks, exchanges, etc.). Time value of money, income statements, balance sheets and cash flows. Future value and compounding, present value and discounting, valuation. Fixed and variable discount rates. Fixed income assets. Bonds, swaps and foreign exchanges. Stocks: valuation, common versus preferred stocks, markets. Investment, VC/Private Equity valuation, portfolio diversification. Short-term market activity including high-frequency trading. Financial distress. “No Free Lunch” principle.

Prerequisite: MA113

Credits: 3.00

Course Code: EID 378

Founded by inventor, industrialist and philanthropist Peter Cooper in 1859, The Cooper Union for the Advancement of Science and Art offers education in art, architecture and engineering, as well as courses in the humanities and social sciences.
“My feelings, my desires, my hopes, embrace humanity throughout the world,” Peter Cooper proclaimed in a speech in 1853. He looked forward to a time when, “knowledge shall cover the earth as waters cover the great deep.”
From its beginnings, Cooper Union was a unique institution, dedicated to founder Peter Cooper's proposition that education is the key not only to personal prosperity but to civic virtue and harmony.
Peter Cooper wanted his graduates to acquire the technical mastery and entrepreneurial skills, enrich their intellects and spark their creativity, and develop a sense of social justice that would translate into action.