Course Descriptions 

FRL 100 Personal Money Management (4)
Major financial problems of the household in allocating resources and planning expenditures. Budgeting, housing, consumer protection, insurance, the use of credit, savings, and investments. Not open to finance majors. 4 lecture discussions.

FRL 101 Law for Everyday Living (4)
Legal principles which underlie ordinary transactions such as buying a house or a television, writing a check, getting married, taking out an insurance policy, joining a union, lending a car to a friend, signing a lease, and hundreds of everyday activities. 4 lecture discussions.

FRL 106 Real Estate Principles (4)
This course satisfies educational requirements for real estate broker’s license. Introduction to real estate brokerage and investments; the nature and classification of real property, and fundamental theories of urban growth, land utilization and property valuation. An overview of real estate finance, property management, and the development process. 4 lecture discussions. Prerequisite: ENG 104.

FRL 200 Special Study for Lower Division Students (14)
Individual or group investigation, research, studies or surveys of selected problems. Total credit limited to 4 units..

FRL 201 Legal Environment of Business Transactions (4)
Study of the adversary system, principles of American law, coverage of businessrelated
torts and contracts, product liability, and real and personal property. Case analysis. 4 lecture presentations. Prerequisite: ENG 104.

FRL 270 Asset Protection and Insurance (4)
Introduction to corporate risk management and insurance. Institutional framework and analytical techniques for managing property and personnel loss exposures. Use of risk control and risk financing methods, including insurance, from viewpoint of business and family risk managers. 4 lectures/problemsolving.

FRL 299/299A/299L Special Topics for Lower Division Students (4)
Group study of a selected topic, the title to be specified in advance. Total credit limited to 8 units, with a maximum of 4 units per quarter. Instruction is by lecture, laboratory, or a combination.

FRL 300 Managerial Finance I (3)
First of the twocourse
sequence in finance for College of Business Administration majors. Topics include the role of a financial manager; financial statement analysis; financial planning; time value of money, bond and stock valuation; and investment analysis techniques. 3 units lecture/problemsolving.
Prerequisites: ACC 207/207A, EC 201 and microcomputer proficiency.

FRL 301 Managerial Finance II (3)
Second of the twocourse
sequence in finance for College of Business Administration majors. Topics include investment valuation criteria, making capital investment decisions, the riskreturn
tradeoff, methods of measuring risk, cost of capital, methods of raising longterm
capital, capital structure, dividend policy, and international finance. 3 lectures/problemsolving. Prerequisites: ACC 208/208A, EC 202, FRL 300, and STA 120.

FRL 302 Legal Environment of Business Organizations (4)
Legal requirements of formation, operation and financing of partnerships, corporations and other business organizations. Consideration of the agency relationships and responsibilities of involved parties. Discussion of the economic, political, and regulatory environment. Case analysis. 4 lectures/problemsolving.  Prerequisite: FRL 201.

FRL 306, Fundamentals of Real Estate (4 units)
This course provides a comprehensive introduction to the field of real estate. Students are introduced to concepts, principles, and methods related to real estate transactions and to different aspects of real estate decisionmaking.  Topics include the legal aspects of real estate, investment analysis, sources and instruments of financing, market and feasibility analysis, appraisal, and development. 4 lectures/problem solving. Prerequisites: minimum grade of "C" or better in ACC 207/207A, FRL 201, EC 201, FRL 300.

FRL 315 Financial Institutions and Markets (4)
Focuses on financial markets and institutional management from a microeconomics perspective. Relationship between financial institutions and financial markets and impact of government regulation and monetary policy. 4 lectures/problemsolving.  Prerequisites: MAT 125 and a minimum grade of "C" or better in all the following: ACC 207/207A, ACC208/208A, EC 201, EC 202, ENG 104 (ENG 102 & ENG 103), FRL 201 & FRL 300, FRL 301 & STA 120.

FRL 325 Contract Administration (4)
Organization, procedures, and areas of application in contract administration. Designed to provide the student with knowledge and skills essential to accomplish the responsibility of contract administration. Provides a comprehensive approach to the interrelationship between contract administration and various functional disciplines. 4 lectures/problemsolving.
Prerequisites: FRL 201.

FRL 326 Contract Aspects of the Uniform Commercial Code (4)
Transition from common law background to statutory contract law. Formation of sales contract under the UCC. Insight regarding policy considerations, legal remedies, and the mechanical requirements. 4 lectures/problemsolving.  Prerequisite: FRL 201.

FRL 327 Contract Case Study/Practical Application (4)
Review of current and past cases in government and private contracting, using the case study method. Combined class textbook and library assignments. Cases, selected by areas briefed, discussed and reviewed. 4 lectures/problemsolving.  Prerequisites: FRL 201.

FRL 328 Contract Cost/Price TechniquesNegotiation (4)
Cost/price techniques applicable to public and private prime/sub contracts including RFQRFPIFB
analysis, proposal preparation, estimating methodology, and pricing strategies. Analytical and econometric techniques in preparing contracts. 4 lectures/problemsolving.
Prerequisites: FRL 201 and FRL 301.

FRL 330 Investment Analysis (4)
Introduction to the behavior of security markets and individual investment policy. Quantitative and qualitative aspects of risk and return associated with investment decisions. Fundamental, technical, and randomwalk approaches to valuation. 4 lectures/problemsolving.
Prerequisites: MAT 125 and a minimum grade of "C" (2.0) or better in all the following: ACC 207/207A, ACC208/208A, EC 201, EC 202, ENG 104 (ENG 102 & ENG 103), FRL 201 & FRL 300, FRL 301 & STAT 120.

FRL 331 Financial Derivatives (4)
This course covers financial derivatives, particularly futures, options, and swaps. Students will learn the basic mechanics and cash flows of these instruments; how the markets operate; what factors affect their price; how one can formulate strategies to use such instruments for hedging, speculation and arbitrage. 4 lectures/problemsolving.  Prerequisite: FRL 330.

FRL 353 International Financial Markets (4)
Institutional overview of structure and application function of international financial markets and their applications. International financial systems, capital flows, foreign exchange risk measurement and management, Eurocurrency markets, Asian currency markets, international
capital markets, international banking, international debt crisis, and exportimport
financing. This course is not open to FRL majors. 4 lectures/problemsolving.
Prerequisite: FRL 301.

FRL 363 Business Forecasting and Financial Planning (4)
Various forecasting techniques as they relate to finance and real estate issues. Smoothing methods, decomposition methods, correlation analysis, regression analysis, seasonal models, BoxJenkins
methodology, and managing the forecasting process. Use of microcomputer to aid calculations. Individual projects. 4 lectures/ problemsolving.
Prerequisites: FRL 301, TOM 302, and MAT 125.

FRL 367 Corporate Finance Theory (4)
Capital budgeting under uncertainty, capital structure, cost of capital, and specialized financial decision tools. Emphasis on operational techniques through cases, problems, and computer applications. 4 lectures/problemsolving.
Prerequisites: MAT 125, ENG 105 and a minimum grade of "C" or better in all the following: ACC 207/207A, ACC208/208A, EC 201, EC 202, ENG 104 (ENG 102 & ENG 103), FRL 201 & FRL 300, FRL 301 & STAT 120.

FRL 380 Real Estate Appraisal (4)
Examines principles and techniques of real property valuation, emphasizing urban properties. Applications via specific problemsolving assignments and the preparation of appraisal reports and market analysis. Satisfies educational requirement for the real estate broker’s license. 4 lecture/problemsolving.
Prerequisites: FRL 306, and one of the following: FRL 301, CE 301, or ETT 305.

FRL 383 Real Estate Finance (4)
Instruments of real estate financing and their use; analytic factors in financing and investment decisionmaking; analysis of the various institutions which are sources of real estate financing. Satisfies educational requirement for the real estate broker’s license. Case analysis. 4 lectures/problemsolving.
Prerequisites: FRL 301 and FRL 306.

FRL 386 Real Property Management (4)
General practices and legal aspects of property management. Establishing rental schedules, tenant billing, rent collection, lease clauses, lease negotiations, purchasing procedures related to repairs and maintenance, and property management accounts for apartments, office buildings, industrial properties, and shopping centers. 4 lecture discussions. Prerequisites: FRL 380.

FRL 400 Special Study for Upper Division Students (14)
Individual or group investigation, research, studies, or surveys of selected problems. Total credit limited to 4 units. May be taken on a CR/NC basis.

FRL 401 Government Regulation of Business (4)
The study of the regulation of business, government. Antitrust, trade regulation, labor and employment law, privacy, safety, environmental and consumer legislation. 4 lectures/problemsolving.
Prerequisite: FRL 201.

FRL 403 Legal Implications of Financial Transactions (4)
An analysis of the legal structure, rationale, and implication of commercial transactions involving secured transactions, negotiable instruments and credit. 4 lectures. Prerequisite: FRL 201.

FRL 404 Financial Modeling
Financial Modeling covers standard financial models in the areas of valuation, sales forecast, capital budgeting, leasing versus buying, portfolio analysis, and Monte Carlo simulation. The aim in each case has been to explain clearly and concisely the implementation of the models using Excel. Although students will make extensive use of Excel, no prior experience is necessary. 4 lecture discussions. Prerequisite: FRL 301 and FRL 367.

FRL 406 Legal Environment of Labor Relations (4)
Application of labor and employment law in the United States. Legal rights and remedies available to labor unions, employees, and management. 4 lectures. Prerequisite: FRL 201.

FRL 407 Entrepreneurial Law (4)
A practical preventive law course emphasizing the legal consideration involved in small business planning, operation, and dissolution. Particular attention to liability of small business owners and managers, and the legal alternatives available to a financiallydistressed
business. 4 lectures. Prerequisite: FRL 201.

FRL 408 Law for Accountants (4)
Legal responsibilities of accountants; fundamental business law principles as applied in commercial transactions. The law of commercial paper, secured transactions, bankruptcy, agency, partnerships, corporations and securities. 4 lectures/problemsolving.
Prerequisites: ACC 208 and FRL 201.

FRL 410 E-Commerce Law (4)
Examination of intellectual property, torts, contracts, constitutional rights and issues, taxation, online signatures, online securities offerings, security, and computer crimes among cyberspace issues. Also reviewed will be the law perspective relative to set up an ebusiness. 4 lecture discussions. Prerequisite: FRL 201.

FRL 419 Legal Environment of Marketing (4)
Application of laws relevant to the marketing process and assessment of the legal problems growing out of marketing strategies. Hypothetical case analysis. 4 lecture discussions. Prerequisite: FRL 201 or IBM 301.

FRL 420 Financing Small Business (4)
Financial problems and strategies paramount to small firms. Various financing sources including venture capitals. Funding techniques and financial package evaluation. 4 lectures/problemsolving.
Prerequisite: FRL 301.

FRL 426 Legal Aspects of International Business (4)
Legal factors affecting organizations involved in international business transactions. Sales, bills of exchange, patents, obligations and liabilities of cargo carriers, political risks, and credit insurance. 4 lecture discussions. Prerequisite: FRL 201.

FRL 433 Seminar in Portfolio Management and Capital Markets (4)
Developing and valuating alternative portfolio selection models for individual and institutional use. Examination of nontraditional investments. 4 seminars. Prerequisites: FRL 330.

FRL 440 Evaluation of Financial Policy (4)
A seminar course in finance utilizing comprehensive cases to simulate the role of the financial manager. 4 seminars. Prerequisite: minimum grade of "C" (2.0) or better in all the following: ACC 207/207A, ACC208/208A, EC 201, EC 202, ENG 104 (ENG 102 & ENG 103), FRL 201 & FRL 300, FRL 301, STAT 120 & FRL 367. Graduate credit not available.

FRL 441, 442 Internship in Finance (14)
On the job training or internship with a business to gain new learning experience. Student submits periodic reports to faculty coordinator and receives one unit of credit for 120 hours of training. Four units of Internship in Finance can be applied to Group A. Total credit limited to 8 units in both classes. Prerequisite: permission of the FRL coordinator of internships. Graduate credit not available.

FRL 453 Multinational Financial Management (4)
Foreign exchange markets, foreign exchange risk management, multinational working capital management, foreign investment analysis and multinational capital budgeting, international diversification, cost of capital and capital structure of the multinational firm, political risk management, and international taxation. 4 lectures/problemsolving.
Prerequisite: FRL 301.

FRL 460 Commercial Banking (4)
Functional and operational aspects of commercial banks. Emphasis on the principles and practices used in asset management, liability management, and liquidity management. Group analysis using case problems and/or computer simulations. 4 lecture discussions. Prerequisite: FRL 315.

FRL 461, 462 Senior Project (2) (2)
Selection and completion of a project under faculty supervision. Projects typical of problems which graduates must solve in their fields of employment. Formal report is required. Prerequisite: senior standing. Required minimum of 120 hours.

FRL 463 Seminar in Finance (4)
Study and discussion by students of recent developments in the student’s major field. 4 lectures. Prerequisites: FRL 306, 315, 330, and senior standing.

FRL 470 Risk Management and Insurance (4)
Insurance and risk management for corporations, government, and individuals. Application of risk retention, loss control and insurance methods to life, health, liability, and property risks. Social insurance, auto and workers compensation, employment benefits, and pensions. 4 lectures/problemsolving.

FRL 483 Real Estate Market Analysis (4)
Analyze and collect urban economic and real estate data to prepare market demand studies for use in real estate investment analysis and feasibility studies for development projects. Satisfies educational requirement for the real estate broker’s license. 4 lectures/problemsolving.
Prerequisites: EC 201, EC 202, and FRL 306.

FRL 484 Real Estate Law (4)
Rights and liabilities surrounding the acquisition, possession, and transfer of real property: easements, deeds, zoning, mortgages, foreclosure, landlord and tenant relationships. Satisfies educational requirement for the real estate broker’s license. 4 lecture discussions. Prerequisites: FRL 201 and FRL 306.

FRL 485 Practices and Applications of Real Estate Law (4)
Ethical and legal responsibilities of the real estate broker: listing agreements, structuring of transaction and escrow requirements. Analysis of common agreements, documents, and disclosure statements. Satisfies educational requirement for real estate broker’s license. 4 lecture discussions. Prerequisite: FRL 201.

FRL 486 Real Estate Investment Analysis (4)
Techniques for analyzing real estate investments in postdevelopment
phase projects. Integration of market analysis, appraisal methods, real estate tax law and traditional financial analysis techniques to evaluate the riskreturn
characteristics of investment positions in real properties. Satisfies educational requirement for real estate broker’s license. 4 lectures/problemsolving.
Prerequisites: FRL 306.

FRL 490 Urban Land Development (4)
Examines processes of developing real properties of various types, emphasizing the approval process, site selection, market and feasibility studies, financial analysis, and project/building design. Applications through cases and/or other assignments. Satisfies educational requirement for the real estate broker’s license. 4 lectures/problemsolving.
Prerequisites: FRL 380.

FRL 499/499A/499L Special Topics for Upper Division Students (14)
Group study of a selected topic, the title to be specified in advance. Total credit limited to 8 units, with a maximum of 4 units per quarter. Instruction is by lecture, laboratory, or a combination.