ØABED4100 Valuation - Equity Research Course description

A grade scale with grades from A to E for pass and F for fail is used.

None, but an advantage to take together with Corporate Finance and Statistic Methods

An external examiner will assess the papers with an internal examiner.

Beate Elstad

The course consists of four blocks, each consisting of lectures, a multiple choice test, a group handin and presentation of the casework. Students will work in groups of three on one case company throughout the course. The only exception would be if the number of students is not divisible by 3, which would result in one or two groups consisting of two students. This course is an advanced and applied valuation course. In order to achieve maximum learning potential, the course is entirely case based, which means extensive casework on the part of the students. One or more industries will be selected, depending on the number of students/groups. The number of industries will be restricted to a minimum of 3 or more groups working in the same industry in order to enable comparable analysis within industry, and induce interest for in class discussions of their casework. An industry covered the previous year is not accessible the following year (exception may apply). Each student group will work on one listed company throughout the course, and will share their model(s) with other groups also covering the same industry in order to create an opportunity to conduct comparable analysis between case firms within industries. All teaching will be followed up by an online multiple choice test of the material covered in the lectures, available for a limited time following each block of lectures. These tests will carry points towards the final grade, but are not individually mandatory. They are there to incentivize students to review the lecture material before working on their case. The student groups will have to hand in multiple reports and spreadsheet models (with 'user manuals'), as well as conduct discussions (within industry group) of modeling issues. Students will present their casework 3 times, before finally issuing an "Analyst Report" and "Pitch" (final presentation of) their "Investment Case" (BUY/HOLD/SELL) to "investors" (the class).

Students that are unable to fulfill any elements by posted deadlines, must agree with the lecturer beforehand as a general rule.

Applied Statistical Methods and Strategic Human Resources Management.

The course¿s overall perspective is that mapping and developing a good working environment in organisations is a leadership responsibility.

The following topics will be elucidated:

• What is meant by working environment, and why is knowledge of it important to present and future leaders?
• Job satisfaction, engagement, empowerment, creativity and efficiency
• Interaction in organisations - organisational climate, organisational culture and conflict resolution/negotiation
• Health in organisations - health promotion work, stress, burnout and sickness absence
• Interaction between management and working environment
• Mapping/measuring and changing organisations

All reference aids are allowed as long as the rules for source references are followed.

Grading scale A to F.

Grading will be done by an external and internal examiner for the written elements of the course.