Professors: R. L. Crum; A. A. Heggestad; W. M. How- ard; H. Levy; R. H. Pettway. Associate Professors: R. Chiang; M. Livingston; W. A. McCollough; D. J. Nye; R. C. Radcliffe. Assistant Professors: R. Huang; T. C. Tapley. The Department of Finance, Insurance, and Real Es- tate offers the nonthesis degree, Master of Business Administration, and the thesis degree, Master of Arts, in business administration with specializations in fi- nancial management, financial markets and institu- tions, and investments. It also offers a major and mi- nor in the Doctor of Philosophy degree in business administration. Each of these degrees is also offered with specialization in risk and insurance. New graduate students should have adequate un- dergraduate training in mathematics and statistics or be willing to devote sufficient time to acquire the necessary foundation in these areas. Though no grad- uate major may be completed without adequate course work on the 5000 or higher level, certain un- dergraduate courses in finance and insurance are available for graduate credit as a part of a candidate's major. These include RMI 4135 and 4805. For admission to courses 5000 level and above, the student must have been admitted to the Graduate School and normally should have undergraduate courses in fields pertinent to the graduate courses selected; or, where necessary, special arrangements may be made with the approval of the Department Chairman. FIN 5405-Business Financial Management (3) Prereq: ACG 5005, GEB 5756. Required of all MBA degree candidates who have had no basic business finance course. Analysis of busi- ness financing and investing decisions. FIN 5425--Corporate Finance (3) Prereq: FIN 4414, 5405, or consent of instructor. The application of business finance problems. Students prepare written solutions to case prob- lems. FIN 5525-Security Markets and Pricing (3) Prereq: FIN 5405 or consent of instructor. An examination of security market structure and the theory of security selection and pricing. FIN 6246-Money and Capital Markets (4) Prereq: FIN 5405, college-level mathematics, and statistics. Financial markets, with emphasis on flow of funds, interest rate determination, and allocation of resources. FIN 6446-Introduction to Financial Theory (4) Prereq: FIN 5405 or consent of instructor. An introduction to the theory of the firm's investment and financing decisions. FIN 6626-International Finance (4) Prereq: FIN 5405 or con- sent of instructor. A study of international financial markets and institutions, and problems encountered by corporations operating in the international environment. FIN 6905-Individual Work in Finance (1-4; max: 7) Prereq: permission of department and Director of Graduate Studies. Reading and/or research in finance as needed by graduate students. FIN 6940-Supervised Teaching (1-5; max: 5) S/U. FIN 6971-Research for Master's Thesis (1-15) S/U. FIN 7808-Theory of Finance I (4) Prereq: FIN 6446 or con- sent of instructor. Normative investment and financing criteria examined for the individual and the corporation when capital markets-are imperfect and investment returns uncertain. FIN 7809-Theory of Finance II (4) Prereq: FIN 6446 or con- sent of instructor. Mean-variance and state preference ap- proaches to security market equilibrium; efficacy of stochastic dominance rules in ordering uncertain prospect and the multiperiod portfolio decision. FIN 7810-Theory of Finance III (4) Prereq: FIN 6446 or con- sent of instructor. Capital market theory, interest rate de- termination, financial intermediation theory, financial struc- ture and regulation, asset liability. FIN 7938-Finance Research Workshop (1-4; max: 7) Analysis of current research topics. Paper presentation and critiques FOOD AND RESOURCE ECONOMICS / 87 by doctoral students, faculty, and visiting scholars. FIN 7979-Advanced Research (1-9) Research for doctoral students before admission to candidacy. Designed for stu- dents with a master's degree in the field of study or for stu- dents who have been accepted for a doctoral program. Not open to students who have been admitted to candidacy. S/U. FIN 7980-Research for Doctoral Dissertation (1-15) S/U. RMI 6195-Seminar in Life Insurance (3) Prereq: RMI 4135. Problems in life insurance and related fields. RMI 6296-Seminar in Property and Liability Insurance (3) Prereq: RMI 3206, 3207. Meaning, economic influences, so- cial values, principles and practices of property and liability insurance. RMI 6905-Individual Work in Risk Management and Insur- ance (1-4; max: 7) Prereq: permission of department and Di- rector of Graduate Studies. RMI 6910--Supervised Research (1-5; max: 5) S/U. RMI 6936-Problems in Risk Management (3) Insurance haz- ards of business concerns and governmental units, with`con- sideration of insurance protection available. RMI 6971-Research for Master's Thesis (1-15) S/U. RMI 7979-Advanced Research (1-9) Research for doctoral students before admission to candidacy. Designed for stu- dents with a master's degree in the field of study or for stu- dents who have been accepted for a doctoral program. Not open, to students who have been accepted for a doctoral program. Not open to students who have been admitted to candidacy. S/U. RMI 7980-Research for Doctoral Dissertation (1-15) S/U. FOOD AND RESOURCE ECONOMICS College of Agriculture GRADUATE FACULTY 1984-85 Acting Chairman: J. E. Reynolds. Graduate Coordi- nator: M. R. Langham. Professors: C. O. Andrew; J. C. Cato; C. D. Covey; C. G. Davis; J. K. Dow; H. E. Drum- mond; J. R. Gordon; P. E. Hildebrand; J. Holt; K. W. Kepner; M. R. Langham; J. W. Milliman; L. Polopolus; F. J. Prochaska; J. E. Reynolds; J. R. Simpson; C. N. Smith; J. R. Strain; K. R. Tefertiller; R. W. Ward. As- sociate Professors: J. Alvarez; W. G. Boggess; R. R. Car- riker; R. D. Emerson; G. F. Fairchild; D. L. Gunter; C. F. Kiker; R. L. Kilmer; J. Y. Lee; G. D. Lynne; J. W. Milon; W. D. Mulkey; J. S. Shonkwiler; T. H. Spreen; P. J. van Blokland. Assistant Professors: R. P. Beilock; M. G. Brown; R. L. Clouser; D. A. Comer; C. H. Gladwin; T. G. Taylor; J. J. VanSickle. The degrees of Master of Agricultural Management and Resource Development (nonthesis), Master of Science (thesis and nonthesis option), and Doctor of Philosophy are offered. Areas of specialization in- clude agricultural business management, marketing, production, economic development, econometrics, and resource and environmental economics. The De- partment participates in the programs of the Centers for Latin American Studies, African Studies, Tropical Agriculture,. and Environmental Programs, and the Florida Sea Grant College Program. Students who hold a bachelor's degree with their major fields of study in areas other than food and re- source economics should consult with the Graduate Coordinator concerning acceptance for graduate study. In addition to the courses listed, there are seminars for organized discussion of current topics and for re- view of graduate students' research. AEB 6145-Agricultural Finance (3) Prereq: ECO 4101. Prin- ciples of firm financial management, agricultural finance and financial institutions, capital theory, firm growth, and investment analysis. Emphasis is given to theory and applica- tion of financial principles.