Finance 221
Course Syllabus
Academic Integrity
The University of Illinois statement on your obligation to maintain academic
integrity is:
If you engage in an act of academic dishonesty, you become liable to severe
disciplinary action. Such acts include cheating; falsification or invention of
information or citation in an academic endeavor; helping or attempting to help
others commit academic infractions; plagiarism; offering bribes, favors, or
threats; academic interference; computer related infractions; and failure to
comply with research regulations.
Rule 33 of the Code of Policies and Regulations Applying to all Students gives
complete details of the rules governing academic integrity for all students. You
are responsible for knowing and abiding by these rules.
IMPORTANT: Any infraction of Academic Integrity during the semester will result
in a minimum penalty of a zero on the assignment or exam and the student won’t
be allowed to take the optional final exam.
Introduction to Finance 221
The course title for Finance 221 is Corporate Finance. While the focus of the
course is on the corporation and its financial decision-making, many basic
concepts and tools in Finance are introduced. These basic concepts and tools
are useful in many areas of business or personal life. They include the notion of
present value, the relationship between risk and expected return, a familiarity
with financial analysis, the impact of financial leverage, and the characteristics of
and determining the value of securities.
My point is that the material covered in this course is useful to all, regardless of
major and career choice. Much of what you can learn in this course can make
you a more savvy and effective consumer whether it be learning how to calculate
loan payments and rates or the fundamentals of security valuation. Therefore, it
is my hope that you will view Finance 221 more as an opportunity to learn
something useful and exciting, rather than merely a hurdle to be cleared.
The textbook and supporting materials are excellent. I have reviewed about all of
the major textbooks on the market, and I feel that the text material selected from
the Brigham & Houston Fundamentals of Financial Management textbook is
outstanding. Also, I strongly recommend that you sign up for the Wall Street
Journal. Discounted subscriptions to the paper and internet versions of the Wall
Street Journal are available as low as $15 for 15 weeks. I encourage you to
keep up with financial and business news and try to find stories that relate to the
course, and I will point out and integrate relevant Wall Street Journal articles in
class as we go through the semester.
This semester continues with a blended learning approach to Finance 221. The
two traditional lectures each week have been replaced with videos recorded
during a summer seminar version of Fin 221. We will now meet as a large group
once each week on Tuesday in addition with your smaller (35-40 students)
discussion section on Thursday or Friday. In the Tuesday large meetings (that
we will call Town Meetings or TM in the course schedule), I will address some of
the most common questions on the current and previous week’s material and
common problem areas or topics that are apparent from that week’s conceptual
based (Monday) graded pre-flight assignment. The discussion section will
consist of a beginning of the class group exercise followed by additional review
and help. Our goal is to make these two meetings centered on aiding your
learning of the class material. This approach will work best if you make the effort
to read the textbook material, review the video material, and make a good effort
on the pre-flight assignment BEFORE attending the class meetings. To help you
in your preparation, we include featured video clips along with the pre-flight
assignment and denote other recommended video clips for the week. At the end
of each chapter we will test your understanding with an online assignment
(Aplia). More detail of required activities and your regular preparation for the
course will be discussed throughout this syllabus.
The elements of this Syllabus are designed to aid you as you undertake the
study of Finance in this course. Use the contents of this syllabus (1) to know
precisely what will be asked of you as a student in Finance 221, (2) to know the
exact schedule of classes, assignments, and exams, and (3) to supplement and
expand on the material presented in the textbook.
I encourage your active participation in both the town meeting and discussion
section. An active approach to learning with your mind engaged will enhance the
payoff for you from this course. Be sure to relate the material of this course to
the financial activity you see and read about in the world around you. When you
raise issues and ask questions, you aid the learning process for all and
emphasize the relevance of the material to everyday life.
I wish you both success and fun in learning!
Prof. Michael A. Dyer
Lecture and Discussion Times
Finance 221
Corporate Finance
Fall 2013
Town Meetings: 9, & 10 TUES in Deloitte Auditorium in BIF
Discussion Section: TH/FRI
Course Website: Fin 221 Illinois Compass 2G
BIF Emergency Procedures
Because BIF is not a designated tornado shelter, in the event of a
tornado warning please seek shelter in the Wohlers Hall basement or
the Armory (the nearest designated University tornado shelters). If a
tornado is imminent, the BIF basement stairwells can be used on an
emergency basis. In the event of a fire in BIF, exit BIF and proceed to
141 Wohlers Hall. In the event of threat from a shooter on campus,
lock down the classroom and move to a place of safety within the
classroom. If you encounter a suspicious package, do not touch the
package, alert campus security, and refrain from cell phone usage until
the situation is resolved. More detailed information and action
instructions are available in the BIF Building Emergency Action Plan.
Office Hours and Teaching Assistants
Professor Mike Dyer
Office: 343J Wohlers Hall
Office Hours: 2-3:30 PM Tuesday and 10:30-noon Thursday.
Office Phone: 244-7807
E-mail: dyer1@illinois.edu
Teaching Assistants’ Office Hours Office Location 104 Survey
Mail Box: 339 Wohlers Hall, Department of Finance
Course Overview and Objectives
Finance 221 provides an introduction to corporate financial management.
Finance is centered on the idea of valuing things. What is the value of a bond, a
stock, a firm, or even a college education?
This course is meant to teach you how to compute value. Since this is an
introductory course, we will focus on the basics of computing value without
focusing too much on the enormous number of complicating factors that exist in
the real world when we actually try to calculate value.
Course Objectives:
 To make the study of corporate financial management an exciting and
stimulating learning experience.
 To understand the goal of the corporation.
 To understand and apply the time value of money in order to value
financial and real asset investments.
 To involve you in measuring and analyzing the financial performance
of a firm's management.
 To show you how measure cash flow for an individual asset and firm.
 To illustrate the scientific framework underlying financial decision
making and how it is coupled with sound judgment by management.
Course Prerequisites
This course presumes some background on your part in the areas of accounting,
statistics, and knowledge of computer electronic spreadsheet software. The
material in this section describes the knowledge and skill background you should
have at the beginning of the course and the requirements that will need to be
completed during the semester.
It is assumed that all students taking this course will already have completed at
least the following courses or their equivalents:
1. Accy 200 or concurrent enrollment in Accy 202
2. Economics 202 or equivalent basic stats course like STAT 100
3. Excel or other spreadsheet familiarity or competency.
From your Accountancy class(es) you should be familiar with the structure of
basic financial statements and the meaning of the items listed in these
statements.
From Statistics (Economics 202) you should be familiar with various
measurements of distributions, such as the mean, variance, and standard
deviation.
In the Computer Science area you should be comfortable working on
microcomputers and spreadsheet software like Excel or Lotus 1-2-3.
Course Textbook
Custom version of Brigham & Houston, Fundamentals of Financial
Management, 13th ed. Cengage/Southwest with Mindtap. This is a shrinkwrapped, 3-hole punched, loose-leaf hard copy of the needed textbook
materials that contains only the chapters that we will cover this semester and
an online version of the entire book that also includes Aplia access (estimated
cost: $85). As an option, students can purchase Mindtap (with Aplia) access
alone for the above title (Fundamentals of Financial Management, 13th ed. By
Brigham & Houston). The Aplia access gives you an online electronic version
of the entire textbook (estimated cost: $90). See Aplia Homework & Access
section of this syllabus for details. ALL STUDENTS MUST PURCHASE ONE
OF THESE TEXTBOOK OPTIONS, PURCHASING A USED TEXTBOOK
WON’T GIVE YOU ACCESS TO THE REQUIRED ONLINE APLIA
HOMEWORK ASSIGNMENTS.
A financial calculator: Texas Instruments BAII Plus (student edition). This
calculator will do everything necessary for this course or any other finance
course you may take (about $30).
I-clicker. You must bring it to all class meetings. I will ask some I-clicker
questions in the Town Meetings to help facilitate some of our discussions.
I-CLICKERS ARE MANDATORY THIS SEMESTER AND WILL BE A
DETERMINANT OF YOUR GRADE.
(Optional) Finance 221 Course Syllabus Book. This booklet is a hardcopy
of the syllabus material that you can also find on Compass which also
includes old exams, and solutions to all relevant textbook problems. The
old exams and textbook problem solutions will also be available on
Compass.
(Optional) 15-week subscription to the Wall Street Journal, educational
student subscriptions can be purchased from the Wall Street Journal at
wsj.com (we will also have a link on our course Compass site) and gives
you access to both the daily newspaper and complete access to the online
version WSJ.com (as well as all online material available on iOS and
Android Wall Street Journal apps for mobile devices). You will be
expected to keep up with current finance & business events and will be
expected to make a discussion post on our Compass course site
summarizing a financial news article with an explanation or description of
how that news article relates to the Fin 221 course material.
Course Structure & Procedures
Overview
The structure of this class makes your individual study and preparation outside
class extremely important. We will try to help you as much as possible, but
ultimately you will be responsible for your learning in the class. Think of the
weekly set of video clips as the normal lecture class time. The individual video
clips vary in length with some being as short as 3 to 5 minutes and some over 20
minutes long, but most of the video clips are 10 to 15 minutes. All videos have a
description which should allow you to tie them to individual sections of the
textbook and the PowerPoint notes used in the videos for the week or chapter
are provided under Chapter Video Notes in that week’s learning module. The
class meetings will focus the most common questions that students have as a
group and individual topics that tend to give the class some difficulty from the
pre-flight assignments or the previous week’s Aplia assignment(s). In the town
meetings, I will use Iclicker questions & class exercises, and other examples to
try to help you understand troublesome concepts and problem types. You will
earn participation points for answering Town Meeting Iclicker questions and
points for answering Iclicker questions and problems correctly. In addition, feel
free to post topics or a problem type that you would like me to address in the
Town Meetings. In each week’s module, you will find a link to the Town Meeting
Requests forum. Post to this forum what topic (or topics) or problem type(s) give
you the most difficulty from the current material. Think of this as a muddiest point
post if you will. I will view these posts and will try to address them in that week’s
(if I see it before hand) or next week’s Town Meeting. The point is that the Town
Meetings will not be another lecture that simply re-gurgitates the video material.
You are expected to view the video material and study the Powerpoint Chapter
Video Notes that accompany the videos. The Town Meetings and Discussions
are intended to be student-centered meetings that try to help you understand
things that might not be completely clear to you. In addition, questions are
welcome during the Town Meetings. Also, please feel free to come to my office
hours for assistance as well. Questions are also welcome on the “Questions for
Prof. Dyer” discussion board on our Compass 2G course site.
In your discussion section, you will have a chance to ask individual questions.
Discussion section attendance is strongly encouraged and your attendance and
participation in discussion section will be rewarded. In discussion section, you
will work will other class members on problems and can ask questions of your TA
and will receive coaching from your TA.
Course Materials
On the Home Page of the Fin 221 Compass website, you will find a folder of
Weekly Modules. Click on the folder and then click on the Learning Module for
that particular week. In each week’s module, you will find the following materials.
1. A link to the week’s pre-flight videos and assignment. The assignment will
consist of conceptual multiple-choice questions. These questions will be
related to the pre-flight video material.
2. Video class clips for the week. These clips are arranged in 3 categories:
Resources for Review which includes the Pre-Flight assignment videos
and other video material on topics generally addressed in the Town
Meeting, Example Problems where I present and example and its step by
step solution, and Important Topics which are videos covering material
that is fair game for exams but may not be addressed in the Town
Meeting. Each clip is titled, has a brief description and a list of keywords
for that video.
3. Chapter Video Notes. This is the PowerPoint presentation file used during
the recording that week’s videos. Most of these files also contain my in
class scribbling that you see in the videos.
4. Class Slides. Any PowerPoints that I use in the Wednesday Town
Meetings that week will be posted here after class. Often, I will also post
pre- Town Meeting notes without Iclicker questions and example solutions
on Monday before class.
5. Questions for Professor Dyer. This is a general discussion board for that
week’s material.
6. A list of suggested problems for the week, which can also be found in the
Course Schedule in this syllabus.
7. Questions for your TA for that week. A discussion board for your TA
related to that week’s material.
8. A link to the course Mindtap website to access the online textbook chapter
and each chapter’s Aplia assignment(s) which is(are) due by 11:30 pm
most Friday nights at the end of that week’s material.
Suggested Course of Study and the FIN 221 Week at a Glance
Although the modular format of the textbook and the course videos allow for
several different approaches of study, here is my recommended course of study.
1. View the pre-flight videos for that week and complete the pre-flight
assignment by 11:30 PM Monday most weeks. The videos contained in
the 6 pre-flight questions total 40 to 60 minutes if watched in their entirety.
I will also create a practice Town Meeting Prep Assignment containing a
version of one or two end of chapter problems in Mindtap to help prepare
you for the Town Meeting class exercises.
2. Read the textbook chapter and view the Example Problem and Important
Topic videos. IMPORTANT: unless otherwise announced, you are
responsible for all the material presented in the videos and textbook.
3. Work the suggested textbook problems without looking at the solutions.
Go to the videos and the textbook for help if you need it.
4. Complete the Aplia chapter assignment(s). Due by 11:30 PM Friday most
weeks. Again, go to the videos and the book for help.
5. When reviewing for exams (or during each week if you wish), you work
through practice quizzes for each chapter. This practice quizzes chooses
10 multiple-choice exam type questions at random from that chapter. You
can work as many of these practice quizzes as you wish. These practice
quiz questions come from a test bank for an older edition of the textbook.
Also, Mindtap has a practice quiz for each chapter that you can use for
periodic or exam review.
6. Chronology of a Week – Recommended Path
Day
Action
Watch lecture videos and read chapter(s).
Complete Pre-Flight Assignment by 11:30
PM Monday.
Saturday/Sunday/Monday
Post Town Meeting “want to see” request
If done with videos and readings, start
working suggested end of chapter
problems
Continue watching videos and
start/continue working suggested end of
chapter problems.
Tuesday/Wednesday
Attend Town Meeting for help.
Work Aplia practice assignments.
Continue working end of chapter
problems.
Thursday/Friday
Attend discussion section.
Work on Aplia assignment(s) and
complete them by 11:30 PM Friday.
Suggested Textbook Problems and Their Answers
End of chapter textbook questions and problems are suggested in the Class
Schedule along with the reading assignments. To get the most out of the class
you should read the assignments and try to do the problems each week while we
are covering that material. Suggested problems will not be collected and graded,
unless your Teaching Assistant announces a different policy. At times the
solution to one or more of the problems will be covered in town meeting or
discussion section. Having already worked the problem will enhance your
learning in the class. Also, since the exams will heavily stress problem solving, it
will be extremely important that you keep up to speed on the assigned problems.
In addition to the assigned problems you should try to answer the self-test
problems at the end of each chapter. Failure to keep up with homework will show
up on your performance on the exams. I STRONGLY RECOMMEND
COMPLETING ALL SUGGESTED END OF CHAPTER PROBLEMS BY THE
TIME OF THE DISCUSSION MEETING COVERING THAT CHAPTER.
The author’ solutions to suggested problems and all other relevant textbook
problems & questions are included at the end of the syllabus booklet and on the
course Compass 2G site.
Other Hints:
Assignments. Most of the exam problems are similar to the problems and
questions assigned at the end of each chapter and on the graded class
assignments. Therefore, it is important for you to become familiar with these
questions and problems and to be able to solve them by yourself.
For the end of the chapter problems and questions, do not just look at the
solutions provided and convince yourself that you understand how they are
solved from looking at the solution. Could you learn to play golf just by observing
others playing golf? No! We all learn by doing! You should never encounter on
an exam a problem that is of a type that you have never solved before. During
the exam is not the proper time to be trying to learn how to solve a particular type
of problem for the first time. Also, as you work through a problem, ask yourself
the following questions: what concepts does this problem illustrate?, what does
my answer mean?, what are the inputs in words to the problem?, why do I need
these inputs to solve the problem?, and what would be the effect of changing the
inputs on the answer? Answering these questions will not only help you with the
problems, but will also help you prepare for conceptual exam questions.
Ask questions when you are not certain about something. Although it may be
difficult to ask questions during lecture, you may do so or ask me right after
lecture. Accumulate your questions and ask them during your discussion section
meetings. Please feel free to come see me during my office hours (or make an
appointment with me if my office hours are inconvenient) to ask questions about
things you do not understand or just to chat. Also, feel free to post (or email me)
any questions you may have on the Questions for Prof. Dyer discussion board on
Compass 2G. I will try to reply within two business days of your message
submission. Also, use your teaching assistant’s office hours to do the same.
At times, students say they do not know what to ask. Usually, this results from
too little effort to understand the material or little or no effort to solve a problem.
If you have studied the material and tried to work the problems, and have not
been successful, then you will have specific questions to ask.
Start early. It will take some time to do the assignments and the end of chapter
problems. Recognize this and get started well before the due dates. The last
minute crush often leads to the kind of shortcuts that may keep you from
understanding the material.
Grade Determination
Your course grade will be determined by your performance in the following areas
according to the following weighting
3 Exams, 160 pts each
Weekly Pre-Flight Assignments (best 9
of 11)
Aplia Assignments (Average of your
best 13 percentage score assignments
x 90)
Group Excel Projects
Current Event Summary Discussion
Board Post
Town Meeting & Discussion Iclicker
Participation & Performance Points
Total
480 pts
54 pts
90 pts
75 pts
7 pts
44 pts
750 pts
Grading Scale
A+
735-750
A
675-734
A660-674
B+
645-659
B
600-644
B585-599
C+
570-584
C
525-569
C510-524
D+
495-509
D
435-494*
*No D- grades will be given.
Exams
Finance 221 will have three exams given from 7-9 PM on the dates indicated
in the “Course Schedule” and below. A conflict exam will be available to
those who have arranged in advance with their Teaching Assistant to take it.
The conflict exams for the time will be from 3:30 to 5:30 (or 4:00 to 6:00) PM
on the same day as the exam. The dates are given below and in the
Course Schedule of the syllabus. Any changes will be announced in
lecture and will be posted on the Announcements, Exam and Course
Schedule Pages in the Course Information folder in Compass.
The locations of these exams will be announced on Compass. No make-up
exams will be given. If you miss an exam, it can only be made up by taking
the optional final exam (see below). If you know that you will be unable to
take an exam at the times or dates given below, see/contact me at least
a week in advance of the exam and we can make arrangements for you
to take the exam ahead of the regularly scheduled time.
Exam 1: Tuesday, Sept. 25
Exam 2: Tuesday, Oct. 30
Exam 3: Tuesday, Dec. 10
The exams will be a multiple-choice format consisting of conceptual questions
and problems. Each exam will be worth 160 points with 40 questions worth 4
points each. The exams will be roughly half conceptual questions and half
problems. Exam questions are drawn from the textbook and online video
material which means you are responsible for all assigned textbook material
and any additional material covered in online video material that is not in the
textbook. The questions on the exams will parallel the questions and
problems that are assigned with each class and those on the post- class
quizzes. Equations found in Appendix C (the Selected Equations Appendix)
of your textbook will be given for the chapters covered by each exam as a
formula sheet.
Also, last semester’s exams are included in the syllabus book and on
Compass for more practice and a feel for how the exams are structured.
An optional final exam will be given on Dec. 19 (9-11 am) and Dec. 20 (7-9
pm). If you decide to take the final, you will be asked to sign up for one of the
above dates via an email or Compass signup system that we will set up. The
final exam will be cumulative and the same format as the other 3 exams: 40
multiple choice questions and 120 minutes to take the exam. The optional
final exam is designed to serve one of two purposes:
1.
2.
To make up for an exam you missed during the semester; or
To replace a grade that is unsatisfactory (to you) on an exam. If
the optional final exam is taken for this purpose, your three highest
exam grades among the 3 semester exams and the final exam will
be used in determining your final grade.
Quizzes, Class Participation &
Projects
Class Assignments and Projects:
270 points for the semester will come from online Compass pre-flight
assignments, Compass chapter post-quizzes, lecture I-clicker participation &
discussion section participation, current event article summary post and three
Excel group projects to be submitted to your TA for grading,
Links to all pre-flight assignments and the Aplia homework site
are found in that week’s learning module on the class Compass
website. All quiz questions come from the publisher’s test bank for
our book and make for excellent practice for our exams. In fact, you
may see some of the same questions on our exams this semester.
Pre-Flight Assignments (54 points):
You are required to complete the Compass Pre-Flight Assignments by midnight
on the date that you will find on the schedule at the end of the Post-Quizzes
section of the syllabus. Each assignment has 6 questions worth 1 point each
and can be taken twice. Your best 9 out of 11 assignment scores will be used as
your final pre-flight total at the end of the semester.
Aplia Assignments & Access (90 points):
At the end of almost every week, you are required to complete the Graded Aplia
assignment(s) for that week’s chapter(s) plus a supplemental topic based Aplia
assignment some week (these include an Introduction to Using Aplia
Assignments and pre-requisite topics such as Math, Accounting, & Statistics as
well as how to uses your financial calculator). These Aplia assignments can be
found in each chapter’s Mindtap menu. 18 total Aplia assignments are assigned
for the semester and only the Graded assignments listed each week on the Fin
221 Aplia website are required. Each week’s assignment(s) is(are) due by 11:30
PM Friday. Your “Do No Harm” average score (any score less than your first
attempt won’t be used to find your average score) of any multiple attempts
(maximum 3 attempts) at any “Grade It Now” questions on the Aplia chapter
assignments will count in that assignment’s grade. So, please give each attempt
your best effort! The topic based Aplia assignments don’t have the “The Grade it
Now” feature and your last submitted response to each question part will be
graded at the deadline for the assignment. At the end of the semester, we will
calculate the average of your best 13 (out of 18) percentage score assignments
and then multiply this average percentage score times 90 points to get your Aplia
assignment point total. We will only put this final Aplia point total in the Compass
Grade Book. However, you can see your scores on your Mindtap course site.
Here are the instructions for setting up your Mindtap account.
How to access your MindTap course
FIN 221- Corporate Finance Fall 2013
Instructor : Michael Dyer
Start Date : 08/26/2013
Course Key: MTPQ-J19P-PMNF
Registration
Your Personal Learning Experience begins via cengagebrain.com with
immediate digital access to MindTap – a personalized program of digital content
and services.
1. Connect to https://login.cengagebrain.com/
2. If you already have an account, sign in. From your Dashboard, enter your
course key (MTPQ-J19P-PMNF) in the box provided, and click the Register
button. If you don't have an account, click the Create an Account button, and
enter your course key when prompted: MTPQ-J19P-PMNF. Continue to follow
the on-screen instructions.
Payment
On Campus: Fin 221 textbook package with Mindtap access card.
Online: Purchase access to your MindTap course from the cengagebrain.com
website using the following address for the special pricing for our course.
http://www.cengagebrain.com/micro/1-1JKHMZR
Pre-Flight Assignment & Aplia Homework Schedule
Week Pre-Flight/Aplia
Chapter & other
Aplia
Assignments
1
1
Intro to Using Aplia
Assignments
2
5
TI Financial
Calculator II
3
2&6
4
7
5
Exam 1 week
6
3
Accounting II
7
4
Mathematics II
8
8
Statistics II
9
9
10
Exam 2 week
11
10
12
11
13
12, App 12A
14
18
Pre-Flight Due Date:
11:30 PM
Aplia Assignment(s) Due Date: 11:30
PM
none
Friday, Aug. 30
Monday, Sept. 2
Friday, Sept. 6
Monday, Sept. 9
Monday, Sept. 16
None
Monday, Sept. 30
Friday, Sept. 13
Friday, Sept. 20
None
Friday, Oct. 4
Monday, Oct. 7
Friday, Oct. 11
Monday, Oct. 14
Friday, Oct. 18
Monday, Oct. 21
None
Monday, Nov. 4
Monday, Nov. 11
Monday, Nov. 25
Monday, Dec. 2
Friday, Oct. 25
None
Friday, Nov. 8
Friday, Nov. 15
Friday, Nov. 29
Friday, Dec. 6
Group Project Assignments (75 points):
The projects will be posted on the Compass course website. These projects
must be typed and handed in to your TA to be graded. Groups will be formed in
each discussion section early in the semester.
The projects are due on the dates indicated on the Course Schedule and below.
These projects will require the use of Excel. Each assignment will be graded,
and the grade will be a partial determinant of your course grade. Each project
must be submitted to your TA on Compass by 11:30 PM on the due date
Project 1 Time Value of Money Project (25 pts)
Sept. 16
Project 2: Financial Statement Analysis/CAPM Project (25 pts)
Oct. 21
Project 3: Capital Budgeting Project (25 pts)
Dec. 2
Late projects received before the graded assignments are returned will lose
20% per day late. No assignment will be accepted after the graded
assignments are returned. The graded assignments will be returned in the
following week’s discussion section.
These projects will give you practice with the types of calculations and concepts
that are important to a proper understanding of the material of the course. Also,
these projects with using Excel to make financial calculations and to solve
financial problems. These skills are highly valued in the business world.
Current Event Summary Discussion Post (7 points)
By Thanksgiving Break, you will be expected to make a discussion post
on our Compass course site summarizing a financial news article with
an explanation or description of how that news article relates to the
Fin 221 course material. Further details will be given in class and
posted on Compass.
Town Meeting & Discussion Iclicker Participation & Performance
Points (44 points factored into total points)
Starting with the week 2 class meetings you will be able to earn points for
answering iClicker questions in your Town Meeting section and either answering
iClicker questions or completing a class exercise in your Discussion section. 3
points will be available in each of these 22 class meetings with some points for
just participating and some for answering question correctly. Any points you earn
above 44 during the semester will count as extra credit points. These points
CANNOT be made up due to absences for any reason or if you forget your
iClicker for a class session.
FINANCE 221 COURSE SCHEDULE
FALL 2013
Finance 221 Course Schedule
The suggested problems (and questions) are at the end of each chapter of the
textbook.
Week Of Topic and Reading
Class
Suggested Problems
Assignment
Meetings
Aug. 26 Course Introduction
Aug. 27 – TM No problems, but go thru
Chapter 1 – An
Aug. 29/30 the end of chapter
Overview of Financial DISC
questions.
Management
Sept. 2
Chapter 5 – The Time Sept. 3 – TM
5-1 thru 5-11, 5-13 thru 5Value of Money
Sept. 5/6 –
18, 5-20, 5-22, 5-23, 5-24,
DISC
5-27 thru 5-36, 5-38, 5-39,
5-40
Sept. 9
Chapter 2 – Financial Sept. 10 – TM No problems, go through
Markets and
Sept. 12/13 end of chapter questions: 2Institutions
DISC
2, 2-4, 2-8 thru 2-11 are
Chapter 6 – Interest
good ones.
Rates
6-1 thru 6-4, 6-7, 6-10, 6-11,
6-13, 6-15, 6-17, 6-18
Sept. 16 Chapter 7 – Bonds
Sept. 17 – TM 7-1, 7-3, 7-5, 7-7, 7-8, 7-9,
and Their Valuation
Sept. 19/20 – 7-10, 7-11, 7-14, 7-15, 7-16,
DISC
7-19
Sept. 23 Exam 1 covering
Sept. 24
No TM or Disc
Chapters 1,2,5,6, & 7 Exam 7-9 PM
Sept. 30 Chapter 3 – Financial Oct. 1 – TM
3-1, 3-3, 3-4, 3-5, 3-8, 3-9,
Statements, Cash
Oct. 3/4 3-11 thru 3-14
Flow and Taxes
DISC
Oct. 7
Oct. 14
Oct. 21
Oct. 28
Chapter 4 – Analysis
of Financial
Statements
Chapter 8 – Risk and
Rates of Return
Chapter 9 – Stocks
and Their Valuation
and Appendix 9A
Exam 2 covering
Oct. 8 – TM
Oct. 10/111 –
DISC
Oct. 15 – TM
Oct. 17/18 –
DISC
Oct. 22 – TM
Oct. 24/25 –
DISC
Oct. 29 EXAM
4-1 thru 4-5, 4-8, 4-9, 4-10,
4-12 thru, 4-14, 4-16, 4-18,
4-20, thru 4-23
8-1 thru 8-7, 8-9, 8-11, 8-12,
8-14, 8-16 thru 8-19
9-1 thru 9-6, 9-8, 9-11, 9-12,
9-14, 9-17 thru 9-21, 9A-1,
9A-2
No TM on Disc
Nov. 4
Nov. 11
Nov. 18
Dec. 2
Dec. 9
Dec. 13
through
Dec. 20
Chapters 3,4,8, & 9
Chapter 10 – The
Cost of Capital
Chapter 11 – The
Basics of Capital
Budgeting
Chapter 12 – Cash
Flow Estimation (only
sections 12-1, 12-2,
12-3,12-7 & Appendix
12A)
Chapter 18 (omit
sections 18-4 & 18-5)
– Derivatives and Risk
Management
Exam 3 covering
Chapters 10,11,12, &
18
Optional Final Exam
covering Chapters 112, & 18
7-9 PM
Nov. 5 – TM
Nov. 7/8 –
DISC
Nov. 12 – TM
Nov. 14/15 –
DISC
Nov. 19 – TM
Nov. 21/22 –
DISC
10-3, 10-4, 10-5, 10-8, 1010, 10-11, 10-14, 10-18, 1019
11-1 thru 11-5, 11-7, 11-10,
11-13, 11-15, 11-16, 11-17,
11-21, 11-22
12-1 thru 12-6, 12-8,12-10,
12-14, 12-16,12-17,12-21
Dec. 3 – TM
Dec. 5/6 –
DISC
18-1, 18-2, 18-3, 18-5, 18-6
Dec. 10 –
EXAM 7-9 PM
Dec. 12 AM
Exam 3 and
Total Point
results posted
in Compass
GradeBook
You can
choose either
7-9 PM Dec.
20
(corresponds
with 9 am TM)
or 9-11 am,
Dec. 19
(corresponds
with 10 am
TM)
No TM on Dec. 10
Pre-Flight Assignment & Aplia Homework Schedule
Week Pre-Flight/Aplia
Chapter & other
Aplia
Assignments
1
1
Intro to Using Aplia
Assignments
2
5
TI Financial
Calculator II
3
2&6
4
7
5
Exam 1 week
6
3
Accounting II
7
4
Mathematics II
8
8
Statistics II
9
9
10
Exam 2 week
11
10
12
11
13
12, App 12A
14
18
Pre-Flight Due Date:
11:30 PM
Aplia Assignment(s) Due Date: 11:30
PM
none
Friday, Aug. 30
Monday, Sept. 2
Friday, Sept. 6
Monday, Sept. 9
Monday, Sept. 16
None
Monday, Sept. 30
Friday, Sept. 13
Friday, Sept. 20
None
Friday, Oct. 4
Monday, Oct. 7
Friday, Oct. 11
Monday, Oct. 14
Friday, Oct. 18
Monday, Oct. 21
None
Monday, Nov. 4
Monday, Nov. 11
Monday, Nov. 25
Monday, Dec. 2
Friday, Oct. 25
None
Friday, Nov. 8
Friday, Nov. 15
Friday, Nov. 29
Friday, Dec. 6