Postgraduate Programme and Module Handbook 2021-2022 (archived)

Module ECON41315: Corporate Finance (MSc Finance)

Department: Economics and Finance

ECON41315: Corporate Finance (MSc Finance)

Type	Tied	Level	4	Credits	15	Availability	Available in 2021/22

Tied to	L1K209
Tied to	L1K309
Tied to	L1K709
Tied to	L1K509
Tied to	L1K809
Tied to	N3K109
Tied to	N3K209
Tied to	N3K309
Tied to	N3K409
Tied to	N3K609
Tied to	N3K709

Prerequisites

None

Corequisites

Advanced Financial Theory (ECON41215)

Excluded Combination of Modules

None.

Aims

To provide a rigorous grounding in the theory and practice of corporate finance at an advanced level, and a thorough synthesis of the most important current research in corporate finance, with an emphasis on the applications of the principles. Both normative and positive aspects of the theory are examined, together with supporting descriptive and empirical evidence.

Content

Introduction to Valuation;
Cost of Capital;
Capital Structure;
Payout Policy;
Company Valuation with leverage;
Valuation of multinational companies.

Learning Outcomes

Subject-specific Knowledge:

have advanced knowledge and critical understanding of essential components of modern corporate finance and associated current research;
have explored, understood and appreciated the complexity and contradictions of the current relevant academic literature and its implications for professional practice, and be able to identify open questions for their own research.

Subject-specific Skills:

have the ability to learn and work independently in corporate finance, exercising critical judgement and discrimination in the resolution of complex problematic situations;
be able to use highly specialised and advanced technical, professional and academic skills in the analysis of relevant specific problems in corporate finance;
be able to apply problem solving and analytical skills to issues in corporate finance in a complex specialised context.

Key Skills:

written communication;
planning, organising and time management;
problem solving and analysis;
using initiative;
numeracy;
computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

A combination of lectures, seminars and guided reading will contribute to achieving the aims and learning outcomes of this module. The summative written examination will test students' knowledge and critical understanding of the material covered in the module, their analytical and problem-solving skills.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total/Hours
Lectures	9	1 per week	2 hours	18
Seminars	4	fortnightly	1 hour	4	■
Revision Session	1		2 hours	2
Preparation & Reading				126
Total				150

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / duration	Element Weighting	Resit Opportunity
Unseen written examination	2 hours	100%	Same

Formative Assessment:

Work prepared by students for seminars; answers to questions either discussed during a seminar, or posted on DUO.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University