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Please visit www.usna.finance for course details
This course provides students with the ability to value a portfolio of financial instruments, including debt, equities, and their derivatives; understand the institutions that issue securities and the markets in which they trade; and understand government roles and regulations.
This course provides students with a framework for financial security valuation and analysis, and how to use this framework in a variety of business decisions. This overarching objective of this course is to train students to think as a CFO of a company, who makes decisions on how to raise and manage money to fund company projects.
My appointment to the US Naval Academy included building two new introductory finance courses. These courses are descendant from the 1980s when the Naval Academy had a Department of Management, and had not been offered for years. I structured both of these courses to be financial literacy courses, or finance & accounting for non-major courses, with a overall objective of conveying 'The most agreeable volume of financial knowledge expected of Naval Leaders".
Both classes begin with the principles of accounting and finance to establish financial literacy. Financial Markets & Institutions then focuses on the debt instruments & securities, basic portfolio theory, and introductory banking. Financial [Statement] Analysis then focuses equity valuation and analysis.
Through formal means of measuring financial literacy, as of 2025, 93.8% of students demonstrated a basic level of financial literacy and 70.1% of students demonstrated a sophisticated level of financial literacy in the final examination.
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