ØABED4000 Corporate Finance Course description

We start the course with an introduction to basic theoretical elements needed to understand investment decision rules, corporate policy decisions and capital budgeting/valuation. Then, we move forward to the topic of investment under uncertainty, which provides the main theoretical and methodological insights on portfolio selection, the capital asset pricing model (CAPM model) and the cost of capital. This topic is covered in more depth in the ØABED3500; "Investments" course. The topic of Capital Structure builds on the cost of capital to provide a deep understanding of optimal corporate policy decisions, in regards to capital structure, investment and payout policy, in the presence of market imperfections. We also cover the interlinkages with operating decisions and other investment decisions of the firm by developing the intuition on working capital management, leasing and risk management. The last topic draws on all of the above to cover more advanced valuation with leverage and capital budgeting. This last topic provides the grounds for the ØABED3700/4100; "Valuation" course.

The course deals with complex issues of relevance to users and their families in relation to rehabilitation, habilitation, intervention and palliative care. Occupational therapists often have a coordinating role in interdisciplinary cooperation and cooperation across different sectors. User participation, family focused services, vocational rehabilitation, everyday rehabilitation and complex medical and social conditions are key topics in the course.

After completing the course, the student should have the following overall learning outcomes defined in terms of knowledge, skills and general competence.

;

Knowledge

;

After completing this course, students will have

• advanced knowledge of key topics in corporate finance, including; theories, tools and methods within the field,
• deep understanding of the role of corporate finance in society and its interrelations with other disciplines.

;

Skills

;

After completing this course, students will be able to

• analyze existing theories, methods and interpretations within financial management and work with complex practical and theoretical problem solving,
• analyze and relate critically to various sources of financial information and use these to structure and formulate professional reasoning, and
• set the grounds to carry out an independent, limited research project under supervision (e.g., a sketch of the research proposal for the master thesis).

;

General competence

After completing this course, students will be able:

• to apply their knowledge and skills (theory&tools) in new areas to carry out advanced work tasks and projects ("real life" setups),
• to convey extensive independent work as well as to work in teams,
• to communicate about professional issues, analyses and conclusions, both with specialists and to the general public, and
• be aware of new thinking and innovation trends in the field

Work and teaching methods comprise seminars with case-based teaching, skills training and lectures. The students work individually and in groups and present their work for fellow students.

In order to be permitted to sit the exam, the following must have been approved:

• a minimum of 80 per cent attendance in scheduled teaching

Individual oral exam based on a case, up to 30 min.

Relevant cases are published two days before the exam.

None

A-F.

All exam papers are assessed by two examiners. An external examiner will assess at least 20% of the papers together with an internal examiner. Other exams are assessed by two internal examiners. The external examiner’s assessment shall benefit all students.

Students who have the subject ØABED3000 Corporate Finance in their bachelor's degree are not allowed to take this course.