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2020/2021  BA-BSEMO1012U  Corporate Finance

English Title
Corporate Finance

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course Fourth Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in Service Management
Course coordinator
  • Ulf Nielsson - Department of Finance (FI)
Main academic disciplines
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 26-03-2021

Relevant links

Learning objectives
With Corporate Finance Theory as context the student is expected to be able to:
• Identify, explain, discuss and apply the core concepts, models and methods
• Calculate, interpret and compare financial statistics, prices, returns and costs
• Elaborate, present and discuss solutions for financial decision problems
Course prerequisites
The course is only offered for students in the BSc SEM program
Examination
The exam in the subject consists of two parts:
Corporate Finance - Part 1:
Sub exam weight30%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productMax. 10 pages
Assignment typeWritten assignment
Duration48 hours to prepare
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodSpring
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

Please note that the Corporate Finance 1 weighs 30% and Corporate Finance 2 weighs 70% in calculating the final grade.
 

Please see section 7 regarding the Pass requirements in the Programme Regulations.

Corporate Finance - Part 2:
Sub exam weight70%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productPlease see text below
No maximum number of pages, students have 4 hours to complete the assignment.
Assignment typeWritten assignment
DurationWritten product to be submitted on specified date and time.
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodSpring
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

A guiding solution to the final exam will be uploaded to the course website.

Course content, structure and pedagogical approach

The course covers the core aspects finance focusing on corporate applications in the international environment. It covers the basic theories of interest rates, valuation of streams of cash flows, and pricing of risk, and it draws practical implications for capital structure, project valuation, financing, and risk management. The course provides a financial background in finance for a professional career based on the bachelor degree as well as for further academic studie

 

The participants are introduced to methodological and practical concepts in modern corporate finance using various pedagogical methods. The course design is aimed at reflecting finance in today’s digital world, for example by supplementary readings and discussions of practical applications of the course material and real-life dilemmas face by modern corporations. Overall this should provide participants with experience in implementing financial concepts and providing concrete financial recommendations in modern corporations.

Description of the teaching methods
The pedagogical method is a combination of lectures, exercises and an individual home work assignment. A satisfactory high outcome of the exercises requires an active participation with basis in the literature and the lectures. The home work assignment is an integrated part of the learning process and not only a part of the exam.
Feedback during the teaching period
Student feedback will occur regularly throughout the course, e.g. via exercise classes, office hours and in-class problem solving. Students are encouraged to make use of those to enhance their learning experience, of course in addition to regular participation and two-way communication in lectures. The lecturer will also strive to be readily available for a one-to-one dialogue in both lecture breaks and following each lecture session.
Student workload
Lectures 42 hours
Exercises 12 hours
Exam 50 hours
Preparation 102 hours
Expected literature

Brealey, Myers and Marcus, Fundamentals of Corporate Finance, International edition (most recent edition that is available in good time before course start), McGraw-Hill, or another well acknowledged Corporate Finance textbook for a first course in Corporate Finance.

Selected readings including articles which will be available on Cavas or in hard copy.

Please note, changes might occur. The final reading list will be uploaded to Learn two weeks before the course starts.

Last updated on 26-03-2021