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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2017/2018

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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Corporate Finance (ECNM11032)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityAvailable to all students
SCQF Credits10 ECTS Credits5
SummaryThe aim is to develop students' knowledge and understanding of the theory and empirical evidence regarding corporate finance, specifically in the areas of capital budgeting, capital structure, payout policy, and raising equity.

Course description Not entered
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email sgpe@ed.ac.uk in advance to request permission.
Information for Visiting Students
Pre-requisitesStudents should be registered for MSc Economics or MSc Economics (Finance). All other students must email sgpe@ed.ac.uk in advance to request permission.
High Demand Course? Yes
Course Delivery Information
Academic year 2017/18, Available to all students (SV1) Quota:  0
Course Start Block 4 (Sem 2)
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 18, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 78 )
Assessment (Further Info) Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment) Final examination in the April/May diet.
Feedback Students will be provided with a series of multiple-choice questions that will enable them to evaluate their progress against the learning outcomes for the course. The lecturer will subsequently provide feedback on the questions, including the preferred answers and guidance on expected progress.
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. To review the main theoretical and empirical developments in explaining firms┐ investment and financing decisions.
  2. To review the empirical methods used by researchers to examine the financial behaviour of firms and test predictions from theory.
Reading List
There are a number of good texts on corporate finance. Two which emphasise applications of theory to financial management in practice are:
Brealey, R., Myers, S. and Allen, F., (11th ed., 2014), Principles of Corporate Finance, McGraw-Hill.
Berk, J. and DeMarzo, P. (3rd ed., 2014), Corporate Finance, Pearson.

Two books which mainly explain theory are:
Copeland, T.E., Weston, J.F. and Shastri, K. Financial Theory and Corporate Policy (4th ed., 2008), Pearson.
Danthine, J-P. and Donaldson, J.B. (3rd ed., 2014), Intermediate Financial Theory, Elsevier.

Earlier editions of any of these are also fine. We will only be covering some of the chapters, so none are required purchases. Most of the empirical section of the course will consist of the study of selected journal papers.
Additional Information
Course URL http://www.sgpe.ac.uk/
Graduate Attributes and Skills Not entered
Additional Class Delivery Information The course consists of 18 lecture hours: Part 1 consists of three three-hour lectures on the principles of corporate finance, including capital budgeting, the cost of capital, and valuation. Part 2 consists of three three-hour lectures on aspects of empirical evidence, including on capital structure, payout policy, and raising equity.
KeywordsNot entered
Contacts
Course organiserMs Anna Babloyan
Tel: (0131 6)51 5992
Email: Anna.Babloyan@ed.ac.uk
Course secretaryMiss Carole-Anne Marshall
Tel: (0131 6)51 1795
Email: Carole-Anne.Marshall@ed.ac.uk
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