|Module label||Financial Management|
|Credit points||6.0 KP|
|Institute directory||Department of Business Administration, Economics and Law (Business Administration and Business Education)|
|Applicability of the module||
Prokop, Jörg (Module responsibility)
Lehrenden, Die im Modul (Authorized examiners)
|Skills to be acquired in this module||
• are able to determine a firm’s cost of capital using both single factor and multi factor models
• understand how, and under which conditions, capital structure decisions influence firm value,
• are able to assess how a firm’s dividend policy affects firm value,
• analyze characteristics, advantages, and disadvantages of typical modes of long-term financing,
• understand both the mechanics and the limits of financial models frequently used in decision making.
1 Introduction / Recap: Security Valuation
2 Investment Decisions Under Uncertainty
3 Capital Structure Decisions & Dividend Policy
4 Long-Term Financing
Hillier, Ross, Westerfield, Jaffe & Jordan, Corporate Finance, current edition, McGraw-Hill.
Alternative and supplementary readings:
Berk & DeMarzo, Corporate Finance, current edition, Boston (Mass.).
Brealey, Myers & Allen, Principles of Corporate Finance, current edition, Boston (Mass.).
|Language of instruction||English|
|Duration (semesters)||1 Semester|
|Modullevel / module level||---|
|Modulart / typ of module||je nach Studiengang Pflicht oder Wahlpflicht|
|Lehr-/Lernform / Teaching/Learning method||Vorlesung und Übung
oder Vorlesung und Seminar
|Vorkenntnisse / Previous knowledge||This is an intermediate course in finance. If you wish to make the most of it, you should already know how (and why) to determine net present values, and you should be familiar with the terms debt, equity, expected return, standard deviation, correlation coefficient, and with the structure of the balance sheet. If all this is completely new to you, I recommend attending the modules
“mat990 Mathematik für Ökonomen”
“wir150 Statistik I”
“wir082 Corporate Finance”
before registering for this course.
|Course type||Comment||SWS||Frequency||Workload of compulsory attendance|
|Total time of attendance for the module||56 h|
|Examination||Time of examination||Type of examination|
|Final exam of module||
Typically at least one mid-term short exam and one final short exam within three weeks after the last lecture
Portfolio, consisting of at least two short written examinations (schriftlicher Kurztest) lasting about 30-45 min each