English   Danish

2022/2023  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
  • Managerial economics
  • Finance
  • Management
Teaching methods
  • Blended learning
Last updated on 16-11-2022

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 Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer, Exam schedules available on www.cbs.dk/isup
Aids Limited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Any calculator
  • In Paper format: Books (including translation dictionaries), compendiums and notes
The student will have access to
  • Access to Canvas
  • Access to the personal drive (S-drive) on CBS´ network
  • basic IT application package
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
1st retake: 4 hours sit-in, new exam question.
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.

2nd retake: The second retake is always an online oral exam (20 minutes online oral exam with no preparation time) with one internal examiner and an internal co-examiner.
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
Continuous feedback is provided to students such that they can get a better understanding of the concepts covered in the course and learn how to apply them via polls, quizzes and problem-solving.
This continuous feedback is a key cornerstone of the learning process in the course.
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: The Nordic-9 pre-course is foundational for the summer university and identical for all bachelor courses. Students will receive an invitation with all details by the end of May. The assignment has two parts. 1.) online lectures and tutorials that student can access at their own time and 2.) one synchronous workshop which will be offered both online and in-person at several dates and times before the official start of the summer university courses. Sign-up is first come first serve. All students are expected to complete this assignment before classes begin.


 

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), 11th 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 16-11-2022