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2018/2019  KAN-CPHIV1805U  Financial Decision-Making in a Social Context 1: Corporate Finance and History of Finance

English Title
Financial Decision-Making in a Social Context 1: Corporate Finance and History of Finance

Course information
Language English
Course ECTS 15 ECTS
Type Elective
Level Full Degree Master
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 60
Study board
Study Board for BSc/MSc in Business Administration and Philosophy, MSc
Course coordinator
  • Per H. Hansen - Department of Management, Politics and Philosophy (MPP)
  • Thomas Poulsen - Department of Accounting (AA)
Main academic disciplines
  • Finance
  • Management
  • Strategy
Teaching methods
  • Face-to-face teaching
Last updated on 15-08-2018

Relevant links
Learning objectives
Demonstrate a thorough and critical understanding of the course literature for each of the two courses.

Demonstrate an excellent ability to use the course literatures to analyze problems with relation to (1) Modern finance and corporate finance (2) Historical foundations of financial institutions and markets.

Demonstrate an excellent ability to communicate and discuss his or her findings and understanding of the subject and the course readings.

Be able to analyze how corporate decisions are influenced by agency problems and how they can be solved and:
  • Analyze what the funding options are and what the best option may be
  • Apply the psychological and behavioral finance concepts to new problems outside the finance discipline
  • Compare and contrast behavioral and non-behavioral explanations of financial phenomena
  • Identify and apply psychological concepts to financial markets and financial decision-making
  • Understand whether and where to invest a firm’s resources
  • Understand why firms and financial markets behave the way they do
Course prerequisites
The student must attend both courses: "Modern Finance and Corporate Finance" (KAN-CPHIV1801U) and "Historical Foundations of Financial Institutions and Markets" (KAN-CPHIV1803U).

The student must have qualifications in corporate finance and statistics equivalent to the B.Sc. in Business Administration and Philosophy and qualifications in behavioral economics equivalent to the M.Sc. in Business Administration and Philosophy.
Examination
Financial Decision-Making in a Social Context 1: Corporate Finance and History of Finance:
Exam ECTS 15
Examination form Oral exam based on written product

In order to participate in the oral exam, the written product must be handed in before the oral exam; by the set deadline. The grade is based on an overall assessment of the written product and the individual oral performance.
Individual or group exam Oral group exam based on written group product
Number of people in the group 3-5
Size of written product Max. 25 pages
Assignment type Written assignment
Duration
Written product to be submitted on specified date and time.
90 min. per group, including examiners' discussion of grade, and informing plus explaining the grade
Grading scale 7-step scale
Examiner(s) Internal examiner and second internal examiner
Exam period Autumn
Make-up exam/re-exam
Same examination form as the ordinary exam
In case of re-take, the original paper must be re-written and re-submitted
Description of the exam procedure

The exam consists of a written group assignment, which will be defended at an oral exam. The topic of the paper must be chosen and accepted during the first half of the first quarter.

 

This exam is a joint exam in the two courses 'Modern Finance and Corporate Finance" and "Historical Foundations of Financial Institutions and Markets". The written assignment and the oral exam will test the students in the course syllabus for each of the two courses as well as in their ability to combine elements from the two courses. Teaching faculty from each course will be present at the oral exam. The oral exam can focus on practical, empirical, conceptual, analytical and/or theorical topics. The grade will reflect the student's performace in both courses, with equal weight being given to each course.
 
Please note that the exam constitutes one of two exams in the minor in 'Financial Decision-Making in a Social Context: History, Sociology, Behavioral Finance and Corporate Finance'.

 

 
Course content and structure

See the course content and structure for the individual courses on the following websites:

 

Modern Finance and Corporate Finance. While focusing on corporate finance, this course will also provide the students with a sound theoretical understanding of financial markets and institutions more generally. See website: http://kursuskatalog.cbs.dk/2018-2019/KAN-CPHIV1801U.aspx

 

Historical Foundations of Financial Institutions and Markets provides a historical and institutional perspective on the development of financial markets and financial institutions internationally and in Denmark. The historical focus enables students to critically understand and discuss the development and dynamics of the financial industry, including individual financial firms in their historical context. The course also considers financial instability and how perceptions of the past constrain strategies and decisions in the present. The course is discussion and case-based. See website:
http://kursuskatalog.cbs.dk/2018-2019/KAN-CPHIV1801U.aspx

 
Description of the teaching methods
See description for the individual courses.
Feedback during the teaching period
Feedback is provided during class discussions
Student workload
Class teaching 60 hours
Preparation for classes 292 hours
Exam preparation 60 hours
Expected literature

Relevant literature for the individual courses will be announced later.
Last updated on 15-08-2018