Finance
Sample Course Outlines
Advanced Corporate Finance
Sample Course Outline
Instructor: Carlos T. de Arrigunaga
Textbook: Advanced Corporate Finance: Policies and Strategies. J.P. Ogden, F.C. Jen, and P.F. O'Connor. Prentice Hall, 2003.
Note: Textbooks are included in IDP fees. Do not purchase.
Course Overview
This course demonstrates that the development of a firm's financial policies and strategies is a complex task involving numerous factors, some of which are within management's control, some of which are only partially controlled by management, and some of which are outside management's control. Thus, management must (1) have an understanding of the firm's circumstances with respect to these factors, (2) determine the extent to which the firm's circumstances can be altered or "optimized," and (3) establish appropriate financial policies and strategies.
Course Requirements
- Read all assigned chapters in the text.
- Work all assigned questions/problems in the text.
- Refresh your understanding of financial principles and techniques whenever appropriate.
- Take a midterm and final examination.
- Submit the answers to selected assigned problems at the beginning of the assignment session.
- Arrange for another student to provide you with class notes if you are unable to attend class.
Grading
| Problem Answers | 15% |
| Midterm Exam | 40% |
| Final Exam | 45% |
| Total | 100% |
Note: Course content may vary from this sample outline.
Basic Corporate Finance
Sample Course Outline
Instructor: Mark R. Rasiah
Textbook: Financial Management: Theory and Practice. 11th ed.
Brigham and Erhardt. South-Western, 2004.
Note: Textbooks are included in IDP fees. Do not purchase.
Course Objectives
- Provide an overview of financial management and the financial environment
- Use financial statements to analyze the financial health of a firm and plan its future
- Foster an understanding of risk, rates of return, portfolio theory, and asset pricing models
- Value cash flows at different times using time value of money concepts
- Apply the concepts of free cash flow, timing, and risk to bond and stock valuation
Grading
- Up to 80% for individual effort [assignment total 70 points]
- Up to 30% for group assignments [total 30 points]
| Activity | Points |
| Midterm Exam | 30 |
| Final Exam | 30 |
| Class Participation | 10 |
| Group Project/Case Study | 30 |
| Total | 100 |
Note: Course content may vary from this sample outline.
Business Valuation
Sample Course Outline
Instructor: Henry Wong
Textbook: Investment Valuation. 2nd ed. Aswath Damodaran.
John Wiley & Sons, 2002.
Note: Textbooks are included in IDP fees. Do not purchase.
Course Overview
In this course you will apply financial and accounting tools and techniques to estimate the value of public equities, private businesses, and other economic assets. The primary valuation methodologies discussed will be discounted cash flows, relative valuation metrics, and options pricing. We will discuss the factors that affect firm value and explore ways in which businesses can increase shareholder value. We will also discuss the advantages and disadvantage of adding complexity to a valuation model and identify various forms of bias that are inherent in most valuations. You will use scenario analysis to understand how sensitive valuations are to key factors such as growth, returns, and risk. Lastly, we will discuss how the market's misperception of such factors can lead to price discrepancies and the greatest opportunities for investors.
Grading
| Participation and Homework | 15% |
| Individual Case Analysis I | 20% |
| Midterm Examination | 25% |
| Group Case Analysis II and Presentation | 40% |
| Total | 100% |
Note: Course content may vary from this sample outline.
Intermediate Corporate Finance
Sample Course Outline
Instructor: John Gonzales
Textbook: Financial Management: Theory and Practice. 11th ed.
E. Brigham and M. Ehrhardt. South-Western, 2004.
Note: Textbooks are included in IDP fees. Do not purchase.
Course Overview
The focus of this course is to provide students with an introduction to key topics in intermediate corporate finance. The first part of the course reviews security valuation and the cost of capital components for the firm. This leads to an in-depth analysis of the cost of capital, and the firm's decision-making process regarding the capital structure-i.e., the choice of debt versus equity financing. This analysis necessarily involves consideration of risk, as the firm faces a tradeoff between lower cost of capital but greater financial risk. After developing the standard theory of capital structure, the course focuses on a number of applied issues related to raising long-term capital.
Course Requirements
The exams will rely very heavily on the topics and analysis covered in lectures, and students are not responsible for material in the readings that is not covered in class. The final grades will, to some degree, be based upon how a student performs relative to the class average. Note that this means the problem sets and class participation will have only a marginal (if any) impact on the final grade, as there generally is little variation among students in these areas. That is, the two exams will ultimately determine the final course grade. Students are expected to attend all class meetings, and more than one unexcused absence will negatively impact the course grade.
Grading
| Midterm Exam: | 40% |
| Final Exam: | 50% |
| Problem Sets, Class Participation | 10% |
| Total | 100% |
Note: Course content may vary from this sample outline.
International Finance
Sample Course Outline
Instructor: Martin Brook
Textbook: Foundations of Multinational Financial Management. 5th ed. Alan C. Shapiro. Wiley.
Note: Textbooks are included in IDP fees. Do not purchase.
Course Overview
This course provides the tools to address two of the key issues in international finance: the risks and opportunities created by changes in exchange rates and the use of international markets as sources of financing. After successfully completing this class you will have the knowledge and skills to:
- Convert currencies using spot, future, and cross rates and identify arbitrage opportunities
- Value currency futures and options
- Forecast exchange rates based on the relationships or parity conditions that should apply between spot rates, forward rates, inflation rates, and interest rates
- Differentiate between translation, transaction, and economic exposure to exchange rate changes
- Translate foreign currency denominated items on financial statements to their home currency values
- Manage translation exposure by adjusting funds flows, entering into forward contracts, and netting exposures
- Use forward contracts, futures, options, money market hedges, and other techniques to reduce transaction exposure
- Identify and manage economic exposure
- Construct an integrated exchange risk program
- Understand the operation of international capital markets and the characteristics of alternative sources of medium- and long-term financing
- Use interest and currency swaps to reduce the cost of funds
Grading
| Activity | Points |
| Midterm Exam | 30 |
| Final Exam | 40 |
| Four Spot Quizzes | 5 |
| Group Presentation | 5 |
| Futures Exercise | 5 |
| Case Study | 15 |
| Total | 100 |
Note: Course content may vary from this sample outline.
Investment Portfolio Management
Sample Course Outline
Instructor: Carlos T. de Arrigunaga
Textbook: Investments. 6th ed. Bodie, Kane, and Marcus. Irwin/McGraw-Hill, 2005.
Note: Textbooks are included in IDP fees. Do not purchase.
Course Overview
The course is a comprehensive review of the fundamentals of portfolio management, including generic portfolio problems, passive and active fixed-income and equity portfolio strategies, and portfolio evaluation techniques. The course will move swiftly through the various topics and therefore it is essential for students to prepare fully for every class.
Course Requirements
- Read all assigned chapters in the text and work all Concept Check Problems/Questions.
- Work all end-of-chapter assigned questions/problems in the text.
- Refresh your understanding of financial principles and techniques whenever appropriate.
- Take a midterm and final examination.
- Submit the answers to selected assigned problems and the Case Study at the beginning of the assignment session.
- Arrange for another student to provide you with class notes if you are unable to attend class.
Grading
| Problem Answers | 9% |
| Case Study | 6% |
| Midterm Exam | 40% |
| Final Exam | 45% |
| Total | 100% |
Note: Course content may vary from this sample outline.