The module is designed to equip learners with strategies and principles of financial management and conduct empirical financial analyses by applying appropriate financial models. Topical areas covered include: an overview of financial markets, market efficiency, roles of financial managers, time value of money, investment appraisal techniques and decision rules, risk and return, portfolio theory and asset pricing. Furthermore, valuing securities (stocks, bonds, and derivative assets), strategic financing decisions (capital structure and cost of capital, dividend policy, and share repurchase), tactical financing decisions (leasing, mergers, and acquisitions), working capital management, and international financial management are studied.
Syllabus:
1. Overview of the financial markets, role of financial manager, and market efficiency
2. Time value of money
3. Investment appraisal techniques and decision rules
4. Investment risk assessment techniques (sensitivity analysis, scenario analysis, simulation, expected value)
5. Risk and return, portfolio theory, and asset pricing
6. Valuation of stocks, bonds, and derivative assets
7. Strategic financing decisions (capital structure, dividend policy, and share repurchase)
8. Tactical financing decisions (leasing, mergers and acquisition, and initial public offerings (IPOs))
9. Working capital Management
10. International financial management
|