FM421      Half Unit
Applied Corporate Finance

This information is for the 2023/24 session.

Teacher responsible

Professor Pedro Saffi

Availability

This course is available on the Global MSc in Management, MSc in Accounting and Finance, MSc in Econometrics and Mathematical Economics, MSc in Economics and Management, MSc in Finance and Economics, MSc in Finance and Economics (Work Placement Pathway) and MSc in Risk and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit.

This course is not capped for Department of Finance students; any students that request a place in Autumn Term will be given one. For students from other departments who meet the necessary criteria (outlined below), you are likely to be given a place, but this is not guaranteed. Chances of gaining a place on this course are increased if it is selected during initial course selection in the Autumn Term.

Students on the MSc in Global Management ('Accounting and Finance' and 'Finance' concentrations only).

Students on any programme other than the MSc in Finance and Economics, or the MSc in Finance and Economics (Work Placement Pathway), may only take this course if they have taken at least one of the following courses in the Autumn Term: FM473A Financial Markets, FM474A Managerial Finance or FM431A Corporate FInance A. There will be no exceptions to this rule.

Pre-requisites

This is an advanced applied course and a thorough understanding of the major theoretical issues and concepts is required.

There are no pre-requisites for studnets on the MSc in Finance and Economics or the MSc in Finance and Economics (Work Placement Pathway).

Students on all other programmes must have taken one of the following courses in the Autumn Term as a pre-requisite: FM474A Financial Markets, FM474A Managerial Finance or FM431A Corporate Finance A.

Course content

The course will provide a thorough treatment of various topics within corporate finance, such as capital budgeting, financing decisions, and corporate valuation.

Teaching

30 hours of seminars in the WT.

This course is taught in the interactive lecturing format. There is no distinction between lectures and classes/seminars; there are “sessions” only, and the pedagogical approach in each session is interactive.



This course will be taught in two or three separate groups. Each group will meet for a single block of three hours once a week. Each student will be assigned to one group. Students will not be allowed to choose their groups or to switch groups.



The course requires weekly in-class activities and discussions. Students must prepare for class activities in advance. Attendance is required.

Formative coursework

Weekly assignments based on case studies will be assigned to students. They will receive feedback on their performance, and will also be provided suggested solutions.

Indicative reading

Course materials (lecture notes and case studies) will be provided to the students at the start of the course.

Assessment

Exam (90%, duration: 2 hours and 30 minutes) in the spring exam period.
Coursework (10%) in the WT.

Key facts

Department: Finance

Total students 2022/23: 139

Average class size 2022/23: 47

Controlled access 2022/23: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.