MMU Unit Specification - Unit Content
Unit Details
Unit Code:
Unit Co-ordinator:
Faculty/Dept:
Level:
Quality
Administrator:
Unit Admin:
Current Status:
405Z0105
Dr Emmanuel Cleeve
Faculty Of Business & Law
5
Credit: 30
/ Economics
ECTS:
15
Mrs Suzanne Bowe
Mr Anthony Fisher
PAD
Unit Outline
Title:
Abbreviation:
Keywords:
Economics of Corporate Finance
ECF
Finance; Investment; Risk; Return
Unit Description
Brief Summary:
Indicative Content:
JACS:
External Examiner:
Assessment Board:
This course focuses on financial decision making in the modern corporation. The basic issues include:
capital budgeting/corporate investment, capital structure, corporate sources of funding, international finance,
and financial risk management.
I. Introduction and overview of corporate finance II. Present value and the opportunity cost of capital III. The
value of common stock IV. Topics on net present value V. Efficient markets VI. Capital structure VII. Risk,
return and the opportunity cost of capital VIII. Capital asset pricing model IX. Futures and Options Markets
Financial economics L111
Learning Outcomes
On successful completion of this Unit, the student will be able to...
Learning Outcome 1:
demonstrate basic quantitative skills applicable to business problems
evaluate financial information within an international setting
Learning Outcome 2:
prepare reports and presentations of a type that are likely to be encountered in many corporate job
Learning Outcome 3:
situations.
show understanding of the political, legal and ethical considerations that affect the economic environment
Learning Outcome 4:
and decision making in multinational corporations
Learning Outcome 5:
Assessment
Element
Type
Coursework
1
Element
Min Pass
Mark
50
Final
N
Los
Employability & Sustainability Outcomes
LO1
LO2
LO3
Analyse real world situations critically
Communicate effectively using a range of media
Apply teamwork and leadership skills
Find, evaluate, synthesise and use information
Method of Assessment
Override
Portfolio
Not Applicable
Description
A portfolio of workshop assignments and other coursework covering the whole syllabus, drawn from the unit's workshop
sheets.
Type
Examination
2
Weighting
Weighting
Min Pass
Mark
50
Final
Y
Los
Employability & Sustainability Outcomes
LO1
LO2
LO4
Analyse real world situations critically
Find, evaluate, synthesise and use information
Method of Assessment
Override
Examination
Not Applicable
Description
The end-of-year examination is for 2 hours and consists of 4 questions to be chosen from 6.
Learning Activities
Breakdown of 300 hours of student learning activity
25%
Summative Assessment:
25%
Directed Study:
Student-centred:
Mandatory Requirements:
50%
Pre-requisite: Students must achieve a pass mark in Level 4 unit Foundations of Quantitative Analysis
in Economics & Business (404Z0032)
Learning Resources
Books recommended for purchase by students
Brealey, R.A., Myers, S.C. and Allen, F. (2011) Principles of Corporate Finance, (10th ed) (PCF)
Essential Reading/Resources
McLaney, E. (2006) Business Finance: Theory and Practice, (7th edition) (BF) Arnold, G. (2006) Corporate Financial Management, (2nd
ed) (CFM)
Further Reading/Resources
Buckley, A. (2007), Multinational Finance, (5th ed), Prentice Hall. Butler, K.C. (2008) Multinational Finance, (4nd ed), Pike R. and Neale
R. (2005) Corporate Finance and Investment, (5rd ed), Pearson Ross, S, Westerfield R, and Jordan B, (2008) Fundamentals of
Corporate Finance, McGraw Hill, (8th ed) Stern JM & Chew DH (2003) The Revolution in Corporate Finance, Blackwell (4th ed)
Special ICTS Requirements
Additional Requirements
Occurrences
Instance
1
Month
Sep
Mode
FT
Location
MMU Business School