Bachelor
2023/2024
Business Finance
Type:
Compulsory course (HSE University and Kyung Hee University Double Degree Programme in Economics and Politics in Asia)
Area of studies:
Foreign Regional Studies
Delivered by:
Faculty of World Economy and International Affairs
When:
2 year, 1-3 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Студенникова Светлана Эдуардовна,
Oksana Taurova
Language:
English
ECTS credits:
4
Contact hours:
52
Course Syllabus
Abstract
Course Description
This course is intended to provide a market-oriented framework for analyzing the major types of financial decisions made by corporations. The primary objective is to provide a framework, concepts and analytical tools to identify and solve financial management problems. It also introduces basic financial analysis techniques to transform concepts into practice, with emphasis on topics in the corporate finance area. It serves as the basis for all other courses in the area of corporate finance and provides basic tools that every business student will need to be successful in his or her chosen career.
Prerequisites
Critical thinking and the use of models to solve problems is emphasized.
Mathematics for Economics and Business and Introduction to Economics I are formal prerequisites to start Business Finance course.
Learning Objectives
- In this comprehensive course, students will achieve a profound understanding of Corporate Finance, covering key learning objectives such as grasping foundational concepts of financial management, discerning intricate financial implications of diverse business forms, aligning decisions with overarching goals, navigating conflicts of interest, decoding financial statements, mastering cash flow analysis, valuing stocks, assessing project viability, understanding investment risks and returns, and comprehending the risk-return trade-off. The course also explores short-term financial planning, culminating in a final exam to showcase problem-solving skills and application of corporate finance principles.
Expected Learning Outcomes
- At the completion of this course students are expected to be able to: understand important terminology and framework, concepts and analytical tools to identify and solve financial management problems;
- At the completion of this course students are expected to be able to: be able to use basic financial analysis techniques to transform concepts into practice.
Course Contents
- PART I. Overview of Corporate Finance. 1. Introduction to Corporate Finance
- PART II. Financial Statements and Long-Term Financial Planning. 2. Financial Statements
- 3. Working With Financial Statements
- 4. Long-Term Financial Planning and Growth
- 5. Midterm Exam I
- PART III. Valuation of Future Cash Flows. 6. Introduction to Valuation: The Time Value of Money
- 7. Discounted Cash Flow Valuation
- 8. Exam I for Part III & Part IV
- 9. Stock Valuation
- PART IV. Capital Budgeting. 10. Net Present Value and Other Investment Criteria
- 11. Making Capital Investment Decisions
- 12. Project Analysis and Evaluation
- 13. Midterm Exam III
- PART V. Risk and Return 14. Some Lessons from Capital Market History
- 15. Return, Risk, and the Security Market Line
- PART VI. Short-term financial planning and management 16. Planning cycles, Integrated business planning, S&OP
- PART VI. Short-term financial planning and management 16. Planning cycles, Integrated business planning, S&OP
- PART VI. Short-term financial planning and management. 16. Planning cycles, Integrated business planning, S&OP
- PART VI. Short-term financial planning and management. 16. Planning cycles, Integrated business planning, S and OP
- 17. Final Exam
Interim Assessment
- 2023/2024 2nd module0.2 * Assignments + 0.1 * Attendance + 0.2 * Midterm exam + 0.5 * Winter Exam
- 2023/2024 3rd module0.2 * Assignments + 0.1 * Attendance + 0.5 * Final Exam + 0.2 * Midterm exam
Bibliography
Recommended Core Bibliography
- Parrino, R., Kidwell, D. S., & Bates, T. (2013). Essentials of Corporate Finance. New York: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639264
- Ross, S. A., Westerfield, R., & Jordan, B. D. (2012). Fundamentals of corporate finance. Slovenia, Europe: McGraw-Hill. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.D5D5B17E
Recommended Additional Bibliography
- Corelli, A. Analytical Corporate Finance / Angelo Corelli. – 2nd ed. – Cham, Switzerland: Springer Nature Switzerland AG, 2018. – (Springer Texts in Business and Economics). - Текст: электронный // DB Springer Books [сайт]. - URL: https://link.springer.com/book/10.1007/978-3-319-95762-3