Finance 3000, “Survey of Finance,” is a foundational course in the Terry College of Business at the University of Georgia. It serves as a gateway to more advanced finance coursework and provides a broad overview of the principles underpinning financial decision-making in both personal and corporate settings. The course is generally a prerequisite for many upper-level finance electives, making it a crucial stepping stone for students pursuing a finance major or certificate.
The curriculum typically covers a wide range of topics. Students are introduced to the time value of money, a core concept used to evaluate investments and loans by considering the present and future value of cash flows. They learn about risk and return, examining the relationship between the potential gains from an investment and the level of risk involved. A significant portion of the course is devoted to security valuation, including stocks and bonds. Students delve into methods for analyzing financial statements to assess a company’s financial health and predict future performance.
Capital budgeting is another key area of focus. Students learn how to evaluate potential investment projects using techniques like Net Present Value (NPV), Internal Rate of Return (IRR), and payback period. These tools help companies decide which projects to undertake to maximize shareholder wealth. Working capital management, which involves managing a company’s short-term assets and liabilities, is also typically covered. This includes topics like inventory management, accounts receivable management, and cash management.
The teaching methods in Finance 3000 usually involve a combination of lectures, problem-solving sessions, and case studies. Professors often use real-world examples to illustrate the concepts and make the material more relatable. Students are expected to actively participate in class discussions and work through practice problems to solidify their understanding. Assignments typically include homework problem sets, quizzes, exams, and possibly group projects.
Successful completion of Finance 3000 requires a strong grasp of quantitative skills. Students need to be comfortable with basic algebra and have a good understanding of statistical concepts. The course emphasizes critical thinking and analytical skills, encouraging students to apply the financial principles they learn to solve real-world problems. Many students find the course challenging but rewarding, as it provides a solid foundation for future success in the field of finance and beyond.
Ultimately, Finance 3000 aims to equip students with the knowledge and skills necessary to make informed financial decisions, whether they are managing their own personal finances or working in a corporate setting. It serves as a valuable introduction to the world of finance and prepares students for more specialized studies in the field.