• Combine and apply insight from the syllabus to solve corporate finance problems through accurate and correct calculations.
• Show and explain all relevant calculations to solve a given problem
• State the assumptions behind the theories / methods / models in the syllabus
• Independently combine and logically structure the corporate finance vocabulary / theories / methods / models / regulatory/institutional/practical knowledge, and empirical evidence to solve corporate finance problems

This course gives you an introduction to corporate finance. Corporate finance is concerned with economic decisions in corporations. First focus is on investment decisions under certainty. Then focus is on the relationship between risk and expected return. The acquired insight is combined to analyze investment decisions under uncertainty. Now focus shifts to the financing decision starting

with an overview of the efficient market hypothesis. Hereafter, we focus on understanding the importance of a firm’s payout policy, why firms choose a specific capital structure, and how to estimate the cost of capital. M&A and corporate restructuring finishes the course. On completion of the course you will understand the relationship between risk and expected return, know how to value a partly debt financed investment project or firm by estimating expected cash flows and cost of capital, have a clear understanding of when payout policy and capital structure

matters, and understand M&A and corporate restructurings.