Course syllabus
Business Administration, Corporate Finance, Second Cycle, 7.5 credits
Course code: | FE434A | Credits: | 7.5 |
---|---|---|---|
Main field of study: | Business Administration | Progression: | A1N |
Last revised: | 12/03/2020 | ||
Education cycle: | Second cycle | Approved by: | Head of school |
Established: | 01/11/2019 | Reading list approved: | 12/03/2020 |
Valid from: | Autumn semester 2020 | Revision: | 1 |
Aims and objectives
General aims for second cycle education
Second-cycle courses and study programmes shall involve the acquisition of specialist knowledge, competence and skills in relation to first-cycle courses and study programmes, and in addition to the requirements for first-cycle courses and study programmes shall
- further develop the ability of students to integrate and make autonomous use of their knowledge
- develop the students' ability to deal with complex phenomena, issues and situations, and
- develop the students' potential for professional activities that demand considerable autonomy, or for research and development work.
(Higher Education Act, Chapter 1, Section 9)
Course objectives
Knowledge and understanding
After completing the course, students shall be able to
- comprehend the relation between the firm's real assets and financing
- know fundamental theories and models relating to firms' financing.
Competence and skills
After completing the course, students shall be able to
- use different techniques to value projects and firms
- make rational decisions that relate to firms' financing.
Judgement and approach
After completing the course, students shall be able to
- assess the theoretical importance of central models in firm financing and critically relate to their practical limitations.
Main content of the course
The main course contents are the time value of money, financial calculations, decisions under risk and uncertainty, investment decision rules, cost of capital, company valuation, the financial structure of firms and dividend policy. The course also analyzes conflicts between shareholders and debt holders and conflicts between shareholders and management.
Teaching methods
Lectures. Mandatory guest lectures occur.
Students who have been admitted to and registered on a course have the right to receive tuition and/or supervision for the duration of the time period specified for the particular course to which they were accepted (see, the university's admission regulations (in Swedish)). After that, the right to receive tuition and/or supervision expires.
Examination methods
Assignment, 1.5 credits (Code: A001)
Written assignment with parts to be performed either group-wise or individually.
Written Examination, 6 credits (Code: A002)
Written individual examination.
For students with a documented disability, the university may approve applications for adapted or other forms of examinations.
For further information, see the university's local examination regulations (in Swedish).
Grades
According to the Higher Education Ordinance, Chapter 6, Section 18, a grade is to be awarded on the completion of a course, unless otherwise prescribed by the university. The university may prescribe which grading system shall apply. The grade is to be determined by a teacher specifically appointed by the university (an examiner).
In accordance with university regulations regarding grading systems for first and second-cycle courses (Vice-Chancellor’s decision ORU 2018/00929), one of the following grades shall be used: Fail (U), Pass (G) or Pass with Distinction (VG). For courses that are included in an international Master’s programme (60 or 120 credits) or offered to the university’s incoming exchange students, the grading scale of A-F shall be used. The vice-chancellor, or a person appointed by the vice-chancellor, may decide on exceptions from this provision for a specific course, if there are special grounds.
Grades used on course are Fail (F), Sufficient (E), Satisfactory (D), Good (C), Very Good (B) or Excellent (A).
Assignment
Grades used are Fail (U) or Pass (G).
Written Examination
Grades used are Fail (F), Sufficient (E), Satisfactory (D), Good (C), Very Good (B) or Excellent (A).
For further information, see the university's local examination regulations (in Swedish).
Comments on grades
To obtain a passing grade for the course as a whole, a minimum of grade E is required for the written examination and a passing grade on the assignment. The course grade is then awarded based on the written examination.
Specific entry requirements
First-cycle courses of 75 credits in Business Administration including an independent project of 15 credits. Statistics, Basic Course, 15 credits and 7.5 credits in regression analysis/econometrics/scientific method within economic or statistics. Economics, Basic Course, 30 credits. The applicant must also have qualifications corresponding to the course "English 6" or "English B" from the Swedish Upper Secondary School.
For further information, see the university's admission regulations (in Swedish).
Transfer of credits for previous studies
Students who have previously completed higher education or other activities are, in accordance with the Higher Education Ordinance, entitled to have these credited towards the current programme, providing that the previous studies or activities meet certain criteria.
For further information, see the university's local credit transfer regulations (in Swedish).
Other provisions
The course will be given in English.
Reading list and other teaching materials
Required Reading
Berk, Jonathan & DeMarzo, Peter latest edition)
Corporate Finance
Boston, MA: Pearson
Lecture notes, maximum of 200 pages.
Scientific articles, maximum of 150 pages.