Undergraduate Programme and Module Handbook 2017-2018 (archived)

Module ECOS2011: CORPORATE FINANCE

Department: Business School (Economics and Finance) [Queen's Campus, Stockton]

ECOS2011: CORPORATE FINANCE

Type	Tied	Level	2	Credits	20	Availability	Available in 2017/18	Module Cap		Location	Queen's Campus Stockton

Tied to	NN43
Tied to	N302
Tied to	N304
Tied to	NN42
Tied to	N204
Tied to	N206
Tied to	N305
Tied to	N306
Tied to	N307
Tied to	N401
Tied to	N404
Tied to	N406
Tied to	N402
Tied to	N403
Tied to	N405

Prerequisites

Foundations of Finance ECOS 1011

Corequisites

None.

Excluded Combination of Modules

None.

Aims

Provide students with theoretical knowledge and practical understanding of key theories in finance and corporate policy decisions by building on and developing the knowledge and skills acquired at Level 1.
To provide students with a good grounding for undertaking a dissertation in the finance field.
Familiarise students with selected empirical issues and methods of analysis of corporate financial decisions within the broader framework of financial theories.

Content

The following is indicative of the types of area to be covered:
Asymmetric information, agency theory and corporate governance
Measures of risk, mean variance analysis and portfolio theory
The Capital Asset Pricing Model (CAPM), it's extensions and Arbitrage Pricing Theory (APT)
Advanced Equity Valuation: Present Value Models (Free Cash Flow Valuation) & Multiplier Models (Enterprise Valuation)
Capital Structure and the cost of capital: Theory and empirical evidence
Dividend policy: Theory and empirical evidence
Mergers, Acquisitions and Corporate Control

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 and tutorials. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes, and private study. Formative assessment is by means of one piece of written work. Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total/Hours
Lectures	21	1 per week	1 hour	21
Tutorials	8	Fortnightly	1 hour	8	■
Preparation and Reading				171
Total				200

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / duration	Element Weighting	Resit Opportunity
One written examination	2 hours 30mins	100%	same

Formative Assessment:

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

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University