This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.

Undergraduate Handbook 2005-2006 (archived)

Module ECOS2011: CORPORATE FINANCE

Department: ECONOMICS FINANCE AND BUSINESS (BUSINESS FINANCE) [Queen's Campus, Stockton]

ECOS2011: CORPORATE FINANCE

Type	Level	Credits	Availability	Module Cap	Location
Tied	2	20	Available in 2005/2006	None.	Queen's Campus Stockton

Tied To

Pre-requisites

All Level 1 Business Finance modules.

Corequisites

All Level 2 core Business Finance modules.

Excluded Combinations

None.

Aims

To develop knowledge and understanding of key issues in Corporate Finance by building on the skills gained in level 1
To provide students with a good grounding for undertaking a dissertation in the finance field
To offer students the opportunity to develop some key skills.

Content

An introduction to Financial Economics and Financial Markets: An introduction to finance and organisational goals.
The financial objectives of the corporation, the principle-agent relationship.
The valuation of securities.
Investment Decision Making under Conditions of Certainty.
Investment decisions in practice.
Dealing with risk and Uncertainty: Measuring risk.
Diversifiable and non-diversifiable risk.
The Capital Asset Pricing Model.
Is Beta dead?
The Efficient Market Hypothesis.
The capital structure decision.
The dividend decision.
Option pricing theory.

Learning Outcomes

Subject-specific Knowledge

Have knowledge and understanding of essential principles of Corporate Finance

Subject-specific Skills

Be able to use principles of Corporate Finance to analyse financial issues

Key Skills

Written Communication - through summative assessment.
Planning, Organisation and Time Management - e.g. by preparing for examinations.
Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in corporate finance, in undertaking assessed work.
Numeracy - e.g. by applying core mathematical and statistical skills to answer a range of class and examination questions.

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

Teaching is by lectures, tutorials and support for student-centred learning. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes and private study (inlcuding student-centred learning). Formative assessment is by means of 1500 word essay. Summative assessment is by means of an unseen written examination plus 2500 word essay.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total Hours
Lectures	22	1 per week	1 hour	22
Tutorials	8	Fortnightly	1 hour	8
Preparation and Reading				170
Total				200

Summative Assessment

Component	Component Weighting	Element	Length/Duration	Element Weighting	Resit Opportunity
Examination	50%	one-hour-and-forty-minute examination		100%
Essay	50%	one essay of up to 2500 words		100%

Formative Assessment

One piece of written work of not more than 1500 words.

Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.