- The purpose of this course is to provide a basic understanding of the management and financing problems facing a financial manager of a Business. The major areas of corporate finance are the procurement of funds to finance the ongoing activities of the firm, and control over the disbursement of funds to maximize economic value. Under the procurement of funds, we will examine how to assess a firms financing needs and the various types of financing instruments that are currently available. Under the disbursement of funds, topics covered will be the economic evaluation of capital investments (including discounted cash flow and risk analysis), dividend policy, and corporate takeovers
- This is an introductory course on derivative securities. These are securities whose payoffs depend on the values of other underlying securities. We will focus mainly on options, forward contracts and future contracts. We will study the organizations of their markets, mechanics of trading, trading strategies, and most importantly, pricing models for such securities
- This course will develop a theory of corporate financial decision making with an emphasis on capital structure, incentives, signaling, corporate control, and risk management. Applications and empirical tests of this theory will also be examined.
- This course examines the management of assets and liabilities in a multinational setting. The primary topic to be covered is the evaluation and management of a foreign exchange risk. Evaluation of FX risk is done within an investment optimization framework. Management topics include pricing and application of foreign exchange derivatives: swaps, futures and options. The course also examines the special problems encountered by the international financial officer: 1) the multiplicity of currencies, and the attendant problems related to nominal contracts, 2) the misalignment of exchange rates vis-à-vis local costs and the attendant problems of competitiveness, 3) the partial segmentation of capital markets producing potential differences in costs of capital across the world and 4) the multiplicity of tax jurisdictions
- Provides a rigorous treatment of the core concepts of investments for finance majors. Covers equity securities, fixed income securities, derivative securities, and international investments. Extensive use of spreadsheet modeling to implement financial models. Introduces contemporary theories and practices including portfolio theory, valuations of stocks and bonds, risk management, futures and options, and performance evaluation
