This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Undergraduate Handbook 2016-2017 (archived)
Module ECOS3241: FINANCIAL THEORY AND CORPORATE POLICY
Department: Business School (Economics and Finance) [Queen's Campus, Stockton]
ECOS3241: FINANCIAL THEORY AND CORPORATE POLICY
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 3 | 20 | Available in 2016/2017 | Queen's Campus Stockton |
Tied To
Pre-requisites
- Financial Management (ECOS2191) OR Corporate Finance (ECOS2011)
Corequisites
- None.
Excluded Combinations
- None.
Aims
- This module aims to:
- provide students with theoretical knowledge and understanding of key selected theories in finance and corporate policy decisions by building on the knowledge and skills acquired at level 2.
- familiarise students with selected empirical issues and methods of analysis of corporate financial decisions within the broader framework of financial theories.
Content
- Expected utility, stochastic dominance and state-preference theories.
- Mean-Variance criteria and portfolio theory.
- CAPM, CCAPM and APT.
- Asymmetric information and agency theory.
- Capital structure.
- Dividend policy.
- Corporate governance.
Learning Outcomes
Subject-specific Knowledge
- At the conclusion of this module students should have:
- knowledge and understanding of theoretical issues relating to corporate financial policy decision.
- had the opportunities to appreciate the applications in corporate financial policy decisions drawing on recent research.
Subject-specific Skills
- At the conclusion of this module students should be able to apply their knowledge in decision making, in corporate financial policy and they should therefore also be able to critically judge the extent of each major financial policy decision on the wealth of the firm and solve relevant problems.
Key Skills
- Written Communication - through summative assessment.
- Planning and Organising - by observing the strict assignment deadlines and by preparing for the examination.
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminar classes, and private study. Formative assessment is by means of an essay. Summative assessment is by means of a written examination and an assignment.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total Hours | Attendance Monitored |
|---|---|---|---|---|---|
| Lectures | 22 | 1 Per Week | 1 Hour | 22 | |
| Seminars | 8 | 4 in Each of the First Two Terms | 1 Hour | 8 | Yes |
| Preparation and Reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 70% | One written examination | 1 hour 30 mins | 100% | |
| Assignment | 30% | Assignment | 2000 words max | 100% |
Formative Assessment
One 1500 word essay.
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.