FIN-401 / 6 credits

Teacher: Morellec Erwan

Language: English

Remark: MA1 only. Open to IF Master, IF minor and IF exchange students only. For Minor IF: highly recommended


Summary

The course provides a market-oriented framework for analyzing the major types of financial decisions made by firms. It provides an introduction to present value techniques, capital budgeting, asset valuation, the operation and efficiency of financial markets, and other financial decisions of firms.

Content

Keywords

Corporate Finance, Valuation, Arbitrage Pricing, Risk Management

Learning Prerequisites

Required courses

None

Recommended courses

None

Learning Outcomes

By the end of the course, the student must be able to:

  • Explain standard valuations models used in financial markets
  • Recall the trade-off between risk and return and develop an ability to make portfolio decisions
  • Develop an ability to analyze and evaluate firms and investment projects
  • State the determinants of financing decisions for firms and investment projects
  • Describe derivatives markets and their benefits and costs

Transversal skills

  • Plan and carry out activities in a way which makes optimal use of available time and other resources.
  • Assess one's own level of skill acquisition, and plan their on-going learning goals.
  • Access and evaluate appropriate sources of information.

Teaching methods

Lectures, homework, exercises, case studies

Expected student activities

attendance at lectures, handing in homeworks, completing case studies, class participation

Assessment methods

50% Homework
50% Final exam


Homework is open book. Final exam is closed-book.

Resources

Virtual desktop infrastructure (VDI)

No

Bibliography

Berk and DeMarzo, Corporate Finance: Global Edition Pearson, 4th edition, ISBN: 1292160160

Ressources en bibliothèque

Notes/Handbook

Lecture notes for each class will be available via moodle.

Prerequisite for

  • Advanced derivatives
  • Interest rate & credit risk models
  • Derivatives
  • Financial econometrics
  • Investments
  • Real options and financial structuring
  • Venture capital

In the programs

  • Semester: Fall
  • Exam form: Written (winter session)
  • Subject examined: Introduction to finance
  • Lecture: 2 Hour(s) per week x 14 weeks
  • Exercises: 2 Hour(s) per week x 14 weeks
  • Practical work: 1 Hour(s) per week x 14 weeks
  • Semester: Fall
  • Exam form: Written (winter session)
  • Subject examined: Introduction to finance
  • Lecture: 2 Hour(s) per week x 14 weeks
  • Exercises: 2 Hour(s) per week x 14 weeks
  • Practical work: 1 Hour(s) per week x 14 weeks
  • Semester: Fall
  • Exam form: Written (winter session)
  • Subject examined: Introduction to finance
  • Lecture: 2 Hour(s) per week x 14 weeks
  • Exercises: 2 Hour(s) per week x 14 weeks
  • Practical work: 1 Hour(s) per week x 14 weeks

Reference week

 MoTuWeThFr
8-9     
9-10     
10-11     
11-12     
12-13     
13-14   BS260BS260
14-15   
15-16    BS260
16-17     
17-18     
18-19     
19-20     
20-21     
21-22     

Thursday, 13h - 15h: Exercise, TP BS260

Friday, 13h - 15h: Lecture BS260

Friday, 15h - 16h: Exercise, TP BS260