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Module Availability |
Semester 2 |
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Assessment Pattern |
Units of Assessment
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Weighting Towards Module Mark (%)
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Homework on MyFinanceLab© platform
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20
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One-hour online midterm test (multiple choice questions, closed book but formula sheet will be provided)
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30
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Two-hour final examination (short question, closed book but formula sheet will be provided)
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50
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Alternative Assessment None applicable
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Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module.
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Module Overview |
The module concentrates around maximizing shareholders’’ wealth sustainably. It progresses to further topics in corporate finance. The module covers how investors make decision with regards to their investment, how risk in investment play a major role in such decision. It also explores how to return value to shareholders through dividend and relationship between cost of capital and value of the firm.
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Prerequisites/Co-requisites |
Business Finance (HE2) |
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Module Aims |
The module aims to broaden the concept of risk and how this can be incorporated in investment appraisal. It introduces theories related to risk and return and how they explain investment behaviour. The module also presents dividend theories and argues the importance of dividend. It elaborates on the importance of gearing and how capital structure may influence the value of the firm. The aim is to take the participants to the next level of corporate financial topics after business finance. |
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Learning Outcomes |
On successful completion of this module, the students should be able to:
1. Apply different project appraisal techniques
2. Understand and formulate investment strategies
3. Identify and value options
4. Understand and critically evaluate portfolio theory
5. Understand and critically evaluate Capital Asset Pricing Model
6. Understand and apply knowledge of different sources of finance
7. Critically evaluate dividend theories
8. Evaluate and apply theories in capital structure and gearing.
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Module Content |
1. Project Appraisal – Application
2. Investment Strategy and Process
3. Identifying and valuing options
4. Portfolio theory
5. Capital Asset Pricing Model
6. Return on Investment
7. Further topics in sources of finance
8. Dividend theories
9. Capital Structure
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Methods of Teaching/Learning |
The learning and teaching strategy is developed in this module to facilitate active learning and to support students in achieving the learnnig outcomes.
· Weekly one two-hour lecture incorporating class-room participation for better understanding.
· Fortnightly tutorial sessions for solving problems to understand the contents covered in lectures. The tutorials cover worked examples which are an integral part of the module. Tutors will provide the necessary support during these sessions for deeper understanding using multple choice questions (MCQ), short, and long problem solutions.
· ULearn discussion forums to address any issues related to the contant, learning and teaching environment, and delivery of the module and/or specific topics.
· ULearn will be used for delivering optional mock MCQ and short question examination, giving the participants an opportunity to get formative feedback.
· Utilizing ULearn as the main pool of resources including lecture handouts, tutorial problems, mock exercise, and discussions. Besides using ULearn as the main means of communication to establish resource efficiency and communicational effectiveness.
· MyFinanceLab will be used for self study plan, practice, and homeworks. This intervention is primarily to induce regular engagement with the module.
· Weekly office hours provided by lecturers.
· Support of lecture material by directed reading in selected.
Assessment Strategy:
The module has number of learning outcomes that directly related to the topics delivered in various weeks. The assessments are designed to capture learning in all the topics. There will be several MyFinanceLab based homeworks giving the students opportunities to engage with the topics, learn the techniques thrugh study plan, and subsequently attempt the homework problems. This platform shows step by step solution of practice problems and links them to relevant pages in the text making it an ideal tool for self study. The midterm test will assess students on the first four topics thoroughly both in the areas of theories and in calculations. A comprehensive database of questions has been created to run this online test, which is largest in the campus. This will not only allign the assessment with learning utcomes but also be efficient in terms of module resourcing. The final exam is a short answers based exam where students have to answer short questions from topics covered after the midterm. Once again this will assess the students in various theoretical and calculation based competencies in finance.
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Selected Texts/Journals |
Essential
Reading
Pike, R. and Neale B. (2009) Corporate Finance and Investment: Decisions & Strategies. 6th edn. FT Prentice Hall.
Recommended
Reading
Keown, A. et al. (2006) Foundation of Finance. 5th edn. Pearson.
Peirson, G., Brown, R.,
Easton , S., Howard, P. and Pinder, S. (2006) Business Finance. 9th edn. McGraw-Hill Irwin.
Ryan, B. (2007) Corporate Finance & Valuation. Thomson Learning EMEA.
Van Horne, J. and Wachowicz Jr., J. (2005) Fundamentals of Financial Management. 12th edn. FT Prentice Hall.
Watson, D. and Head, A. (2004) Corporate Finance: Principles & Practice. 3rd edn. FT Prentice Hall.
Background
Reading
Atrill, P. (2006) Financial Management for decision makers. 4th edn. FT Prentice Hall.
McLaney, E. (2006) Business Finance: Theory & Practice. 7th edn. FT Prantice Hall.
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Last Updated |
18/4/2011 |
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