Programme And Module Handbook
Course Details in 2019/20 Session

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Module Title LI Economics of Corporate Finance
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 08344
Module Lead Domenico Moro
Level Intermediate Level
Credits 10
Semester Semester 2
Co-requisites LI Microeconomics - (08 28536)
Restrictions None
Contact Hours Lecture-20 hours
Seminar-5 hours
Guided independent study-75 hours
Total: 100 hours
Exclusions none

This module examines firms' investment and financial decisions. The economics of corporate finance studies these decisions in the light of incentives, information and institutions. The module introduces students to major themes in modern corporate finance and aims at: developing appreciation of its applications to a range of problems and contexts, and equipping students with appropriate tools of analysis to tackle issues and solve problems of corporate finance. Topics covered include: economics of corporate finance, financing decisions and market efficiency, Modigliani-Miller's capital structure irrelevance.

Learning Outcomes

By the end of the module students will be able to:

  • demonstrate knowledge of the modern theories of corporate finance;
  • analyse optimal financial policy on a firm level;
  • demonstrate knowledge and critical understanding of how the actual financial decisions of firms may be explained in theoretical terms;
  • demonstrate communication skills and the abilities to collaborate and work in a team effectively.
Assessment 08344-01 : Exam : Exam (Centrally Timetabled) - Written Unseen (100%)
Assessment Methods & Exceptions Assessment: 2 hour examination (100%)
Reassessment: 2 hour examination (100%)
Other Duplicate of Dubai-based module 08 30406
Reading List Principles of Corporate Finance, Brealey, Myers and Allen, McGraw-Hill Irwin, 11th Edition.