This module will cover the following topics:
• Investment appraisal techniques and decisions
• Stock market efficiency – capital market behaviour
• Portfolio theory
• The Capital Asset Pricing Model
• Sources of finance
• Capital Structure
Total contact hours: 37
Private study hours: 113
Total study hours: 150
Main assessment methods:
Individual Report (3000 words) (40%)
Examination, 2 hour (60%).
Reassessment method:
100% Exam
Brealey, R., Myers S., & Allen F. (2008) "Principles of Corporate Finance". 9th Edition. McGraw –Hill.
Hillier D., Ross, S., Westerfield, R., Jaffe J., and Jordan B. (2010) Corporate Finance – European Edition, Mc-Graw Hill, Higher Education
Keown, A., Martin, J. and Petty, J. (2010) "Foundations of Finance: The Logic And Practice Of Financial Management (2010)" 7th Edition, Pearson Education
Ross, S., Westerfield, R. and Jaffe, J. (2007) "Modern Financial Management", 8th Edition, McGraw-Hill Higher Education
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- demonstrate a systematic knowledge and understanding of various finance theories and concepts;
- demonstrate a comprehensive and critical knowledge and understanding of empirical studies within the field of finance and the ability to interpret and evaluate results from such studies;
- demonstrate knowledge and understanding and a critical analysis of investment techniques, and ability to show how risk can be incorporated into investment appraisal techniques;
- apply quantitative techniques for solving complex problems within a finance context;
- demonstrate a systematic knowledge and understanding of the different forms of efficiency within a stock market and their implications to participants of the stock market;
- demonstrate knowledge and understanding of portfolio theory, the capital asset pricing model and the empirical tests of the CAPM and to be able to critically analyse such tests;
- demonstrate knowledge of the different forms of finance available to a company and be able to critically discuss issues relating to capital structure.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- analyse compare, discuss, critically evaluate various finance theories. To structure, develop and defend complex arguments orally and in writing;
- plan work, use relevant sources and study independently;
- ensure appropriate formats are selected for presentation of work, which includes the acknowledgement and reference of sources;
- analyse structured and unstructured problems.
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