Postgraduate Course: Corporate Finance (ECNM11032)
|School||School of Economics
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Available to all students
|Summary||The 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.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email firstname.lastname@example.org in advance to request permission.
Information for Visiting Students
|Pre-requisites||Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email email@example.com in advance to request permission.
|High Demand Course?
Course Delivery Information
|Academic year 2021/22, Available to all students (SV1)
||Block 4 (Sem 2)
|Learning and Teaching activities (Further Info)
Lecture Hours 18,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Final examination in the April/May diet.
||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.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
On completion of this course, the student will be able to:
- To review the main theoretical and empirical developments in explaining firms¿ investment and financing decisions.
- To review the empirical methods used by researchers to examine the financial behaviour of firms and test predictions from theory.
|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.
|Graduate Attributes and Skills
|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.
|Course organiser||Dr Tatiana Kornienko
Tel: 0131 650 8338
|Course secretary||Miss Sophie Bryan
Tel: (0131 6)50 9905