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2021/2022  BA-BHAAI1028U  Undergraduate Corporate Finance

English Title
Undergraduate Corporate Finance

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 100
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Rama Seth - Department of Finance (FI)
For academic questions related to the course, please contact course responsible Rama Seth (rs.fi@cbs.dk).
Main academic disciplines
  • Finance
Teaching methods
  • Blended learning
Last updated on 02/03/2022

Relevant links
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • ­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
Students are not required to have any prior knowledge within finance, but should have an appropriate background in mathematics and statistics. This includes statistical concepts such as covariance, correlation coefficient, expected value and variance.
Examination
Undergraduate Corporate Finance:
Exam ECTS 7.5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Project
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer, Exam schedules available on www.cbs.dk/isup
Make-up exam/re-exam
Same examination form as the ordinary exam
The 1st and 2nd retake is a 72-hour, maximum 10-pages home assignment.
Course content, structure and pedagogical approach

Course content
This  is  an  introductory  course  in  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.
More specifically, the course contains a basic introduction to topics such as:
-    The main characteristics of corporations
-    The  relationship  between  accounting  information  and  the  information  analyzed  in 
corporate finance
-    Interest rates and the time value of money
-    The valuation of bonds and stocks
-    The investment decision
-    The financing decision including capital structure theory and the cost of capital

 
Description of the teaching methods
Tests, lecture notes, case studies, in class examples, and articles from financial press, all of which will form the basis for of the class discussions.
Feedback during the teaching period
online anonymous survey post Lecture 3
Student workload
Preliminary assignment 6 hours
Classroom attendance 38 hours
Preparation 135 hours
Feedback activity 7 hours
Examination 17 hours
Ungraded quizzes for self test 3 hours
Further Information

Short 3 weeks course that cannot be combined with any other course .

 

Preliminary Assignment: A generic test/assignment will be developed concerning “Nordic Nine”. It will be uploaded on Canvas at the end of May. Students are expected to access this assignment before classes begin. The assignment will not be reviewed in classes.

 

Course and exam timetable is/will be available on https://www.cbs.dk/en/study/international-summer-university/courses-and-exams

 

We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/en/study/international-summer-university/courses-and-exams in start March.
Expected literature

The main textbook of the course is “Fundamentals of Corporate Finance“, by Brealey,
Myers and Marcus (BMM), 10th edition, International Student Edition. Other material
includes supplementary readings that will be circulated in lectures or included on
downloadable lecture notes, available at CBS Canvas (canvas.cbs.dk)
Last updated on 02/03/2022