Overview:
- Credits:
- 5.0
- Level:
- 1
- Semester:
- Autumn
- Subject:
- Finance
- School:
- Business
- Coordinator:
- Dr Baris Ince
FIN10670 Introduction to Finance
Academic Year 2023/2024
Finance plays an important role in the overall health of the economy. Both businesses and individuals are confronted with financing and investing decisions on a regular basis. For example, firms must decide what investments to make and how these investments should be financed. This subject is an introduction to modern finance. Topics include real and financial asset valuation, capital investment decisions, the Capital Asset Pricing Model, Arbitrage Pricing Theory, dividend policy, and the role of ethics in finance.Show/hide contentOpenClose All
Curricular information is subject to change
Learning Outcomes:
Upon completion of this module, students should have a good understanding of how firms work, the important role of corporate governance, why companies and individuals make the investment decisions that they do, and the role of ethics in finance. Students should also be able to value stocks and bonds, apply capital budgeting techniques in order to identify profitable investment projects, and understand the relationship between risk and return.
Indicative Module Content:Topics Covered:
1. Introduction to Finance
2. Corporate Governance and Introduction to Agency Theory
3. Financial Statement Analysis
4. Discounted Cash Flow Valuation
5. Bond Valuation/Bond Markets
6. Equity Valuation/Equity Markets
7. Net Present Value and Other Investment Rules
8. Making Capital Investment Decisions
9. Risk Analysis, Real Options and Capital Budgeting
10. Risk, Return and CAPM
11. Factor Models and Arbitrage Pricing Theory
12. Agency Theory and Dividends
| Student Effort Type | Hours |
|---|---|
| Lectures | 24 |
| Tutorial | 10 |
| Autonomous Student Learning | 76 |
| Total | 110 |
Requirements, Exclusions and Recommendations
Learning Recommendations:There are no qualifying requirements , but a knowledge of statistics is expected
Module Requisites and Incompatibles
Incompatibles:ECON20190 - Introduction to Financial Econ, FIN20010 - Principles of Finance, FIN20040 - Foundations of Finance
Assessment Strategy
| Description | Timing | Component Scale | % of Final Grade | ||
|---|---|---|---|---|---|
| Examination: There are two sections in the final exam. Section A consists of multiple choice questions. In Section B, answer two out of three questions. | 2 hour End of Trimester Exam | No | Alternative linear conversion grade scale 40% | No | 35 |
| Continuous Assessment: Multiple Choice/Short Answer Question test will be given in Week 8. | Week 8 | n/a | Alternative linear conversion grade scale 40% | No | 25 |
| Group Project: Group Company Report | Coursework (End of Trimester) | n/a | Alternative linear conversion grade scale 40% | No | 40 |
| Resit In | Terminal Exam |
|---|---|
| Spring | Yes - 2 Hour |
Feedback Strategy/Strategies
• Group/class feedback, post-assessment
• Peer review activities
How will my Feedback be Delivered?
Group feedback will be provided within 20 days of the project's deadline. Every student will be required to write a one-page learning journey to be submitted separately.
Corporate Finance by Hillier, Ross, Westerfield & Jordan, 4th European Edition
| Name | Role |
|---|---|
| Dr Tiffany Thng | Lecturer / Co-Lecturer |
| Lanxin Lu | Tutor |
| Ronald Wafula | Tutor |
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