...of lectures and case examples. Cases are often used as a vehicle for discussing the complexities of real-world financial problems. To benefit most from this method of teaching, you will want to come prepared to discuss the cases in detail. By the end of the semester, students should be able to: (1) describe essential characteristics of the finance profession and institutions, (2) be conversant in basic financial jargon, (3) value paper assets (stocks and bonds) and tangible assets (capital budgeting) using the tools of time value of money, including NPV and IRR, (4) explain the various sources of financing, their associated costs, and their advantages and disadvantages, (5) calculate and use financial statements and ratios to analyze a business and create and use pro forma statements for planning and decision-making purposes, (6) appreciate the complexities international business, and (7) demonstrate team skills by actively participating in group written cases. Course Materials Text: Background readings and problem sets are from Ross, Westerfield and Jordan (RWJ), Fundamentals of Corporate Finance, 9th Alternate Edition, Richard D. Irwin, Inc., 2010 (ISBN 978-0-07-724612-9). You will sometimes find that the readings are not necessarily highly correlated with the cases. This is because the cases tend to bring together many aspects of finance at once. Be patient, the concepts will gradually all fall into place as you move through the semester. Computers and Calculators:...
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...FIN 535 – International Finance COURSE DESCRIPTION Presents international financial tools, applications, and concepts used in formulating effective financial management strategies. Examines fundamental international financial relationships and transactions among firms, foreign exchange rate determination and forecasting, foreign exchange risk and exposure, balance of payment accounting, and evolution of the international monetary system. Analyzes special topics such as working capital management strategies, capital budgeting, cost of capital, and optimal capital structure in the context of international operations. INSTRUCTIONAL MATERIALS Required Resources Madura, J. (2012). International financial management (11th ed.). Mason, OH: South-Western, Cengage Learning. Supplemental Resources Al Nasser, O.M. (2010). How does foreign direct investment affect economic growth? The role of local conditions. Latin American Business Review 11, 111-139. Kornecki, L. & E. M. Ekanayake. (2011). Inward FDI stock in the U.S. economy and state based determinants. Advances in Management, 4(6), 13-24. Ranjan, V. & Agrawal, G. (2011). FDI inflow determinants in BRIC countries: A panel data analysis. International Business Research, 4(4), 255-263. United Nations. (2011). Foreign Direct Investments in LDCs: Lessons learned from the decade 20012010 and the way forward. United National Conference on Trade and Development. COURSE LEARNING OUTCOMES 1. Compare multinational financial management...
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...OUTLINE OF MBA 520 Fall Semester 2008 Business Finance Instructor: Grant McQueen Teaching Assistants: Mark Cherrington & Office: 636 TNRB Christian Hsieh Phone: 422-3017 Office: 324 TNRB Office Hours: MW 2:00 - 3:00 p.m. Phone: 422-6835 e-mail: Office hours: forthcoming Home page: Course Description and Objectives This course introduces basic financial concepts all business managers should understand regardless of functional specialization. Topics include financial analysis and planning, time value of money, valuation, capital budgeting, risk/return trade-offs, cost of capital, and capital structure. The pedagogical approach used is a mixture of lectures and case examples. Cases are often used as a vehicle for discussing the complexities of real-world financial problems. To benefit most from this method of teaching, you will want to come prepared to discuss the cases in detail. By the end of the semester, students should be able to: (1) describe essential characteristics of the finance profession and institutions, (2) be conversant in basic financial jargon, (3) value paper assets (stocks and bonds) and tangible assets (capital budgeting) using the tools of time value of money, including NPV and IRR, (4) explain the various sources of financing, their associated costs, and their advantages and disadvantages, (5) calculate and use financial statements and ratios to analyze a business and create and use pro forma statements for planning...
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...Lecture Notes for 15.436 International Financial Markets Chapter 6 Why hedge exposure to exchange rates Fall 1999 Raman Uppal 6-2 International Finance: Chapter 6 – Why hedge Fall 1999 Road Map 1 Part A Part B 6 7 8 9 Part C Part D Part E Preliminaries: Conventions, notation, and basic concepts Currency markets and the behavior of the exchange rate Markets for exchange-rate derivatives and the hedging decision Why hedge exposure to exchange rates Measuring and managing exposure to exchange rates The market for currency futures The market for currency options Markets for fixed income securities and the financing decision Markets for equities and the portfolio investment decision Foreign direct investment Fall 1999 International Finance: Chapter 6 – Why hedge 6-3 Contents 6.1 Main issues . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.2 Motivating problems . . . . . . . . . . . . . . . . . . . . . . 6.3 Implications of empirical evidence on exchange rate behavior . 6.4 When is value of a firm independent of its hedging policy 6.5.1 6.5.2 6.5.3 6.5.4 6.5.5 4 5 6 7 9 10 15 17 22 23 . . 6.5 How can hedging increase the value of a firm . . . . . . . . . Corporate hedging reduces costs of financial distress . . . . . . . . “Home-made” hedging is not an efficient substitute for corporate hedging . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Hedging reduces agency costs . . . . . . . . . . . . . . . . . . . Hedging...
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...and we will arrange a mutually satisfactory time. For some students, telephone “meetings” are easier. To this end, you may call me at reasonable hours (i.e., before 10:00 p.m.). NOTE: It is the student’s responsibility to read, understand and abide by all of the course information and policies listed below. Failure to do so could result in you failing this course or being withdrawn from this course by your instructor, School of Business Dean’s Office or by the Graduate Studies Department. The course syllabus provides a general plan for the course; deviations may be necessary. COURSE PREREQUISITE: All MBA Foundations classes must be completed or waived before enrollment in FIN 611. REQUIRED MATERIALS: 1. Textbook – Corporate Finance: The Core, by J. Berk and P. DeMarzo, published by Prentice Hall, ISBN (10‐digit) 0132153688. Available in loose leaf (3‐ring) format in the U Tampa bookstore. Textbook are also available as an e‐book from coursesmart: 1 Revised 08/21/2012 2. Cases and readings: available from www.study.net – available by 8/27/12 3. Additional files and readings will be distributed via Blackboard 4. Calculator - A financial calculator is required for this class. A Hewlett Packard 10B or a Texas Instruments BAII+ is ideal. Other brands/models may also suffice. Bring your calculator to class every day. Be sure you know how to use it. 5. Laptop computer – Many students find it useful to use their laptop computer during class. This is not required...
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... Mobile: 512-529-2730 Course Objectives • to introduce the concepts and theories of modern financial management, • to develop an appreciation for the usefulness of these theories for financial decision-making, • to develop the student's financial decision-making skills, • to provide an overview of current financial management theories and practices. Text Required: Corporate Finance by Ross, Westerfield and Jaffe, 9th ed., McGraw-Hill Irwin Supplemental: Financial Management, Concepts and Applications, 3rd ed., 1995, Ramesh K.S. Rao, SouthWestern Publishing Co., Cincinnati, a division of International Thompson. The required chapters will be made available to you (Blackboard and the readings package). Course Structure and Grading The course consists of lectures, homework assignments (not graded), class case discussions, a team-based take-home case final, and four in-class exams. Lectures: The lectures are designed to provide an understanding of the major elements of finance. The emphasis is...
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...SYLLABUS CALIFORNIA STATE UNIVERSITY, NORTHRIDGE DEPARTMENT OF FINANCE, REAL ESTATE, AND INSURANCE 8/3/2012 PAGE 1 Course Title Investment I Course Number Finance 352, Class No. 12837 Semester Fall 2012 Instructor Danny S. Litt Meeting Times Friday, 11:00am-1:45pm Meeting Dates August 31, 2012 – December 14, 2012 Final Exam December 14, 2012, 10:15am – 12:15pm Class Location Juniper Hall, Room JH 1121 Office Juniper Hall, Room 4110 Phone Number 818-677-2459 – Department Office (leave message) Office Hours Friday at 10:00am E-mail address danny.litt@csun.edu (reference class) COURSE DESCRIPTION This is an introductory course on the fundamentals of investment analysis and management. Survey of investments including corporate and government securities, real property and financial intermediaries. Survey of investment theory emphasizing security analysis, valuation and portfolio management. PREREQUISITES Finance 303; cannot be taken concurrently COURSE GOALS AND OBJECTIVES This course provides the student with the information and skills needed to analyze investments and portfolio management. The intent of the course is to provide students with a basic understanding of different alternatives in investments, how to value those investments, and how those investments fit together within an investment portfolio. TOPICS INCLUDE Corporate and government securities Risk-return tradeoff Institutional aspects of security markets Fundamental and technical analysis ...
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...CORPORATE FINANCE Winter 2013 Lee McClain Parks Hall 39 (360) 650-3973 Lee.McClain@wwu.edu OFFICE HOURS: TR 10:00-11:50 and by appointment PREREQUISITES: FIN 341 REQUIRED MATERIALS: Moffett, Stonehill, Eiteman; Fundamentals of Multinational Finance, 4th ed. (Prentice Hall, 2012) ISBN: 0132138077. Access to The Wall Street Journal. COURSE OBJECTIVES/LEARNING OUTCOMES: 1. To expand a student’s knowledge beyond domestic financial management. 2. Understand the international financial environment. 3. Examine exchange rate risk management. 4. Examine foreign investment analysis. 5. Understand options for financing foreign operations. 6. To introduce students to the ethical, global, political, social, legal and regulatory, demographic diversity, environmental, and technological issues as related to an introductory study of multinational corporate finance. ASSESSMENT OF OBJECTIVES: Accomplishment of objectives/learning outcomes will be assessed on the papers, problem sets, participation, article reviews, and summaries. FINAL GRADE: BASED UPON A PERCENTAGE OF THE POINTS YOU EARN FROM THE TOTAL POINTS POSSIBLE IN THIS COURSE. TOTAL POINTS POSSIBLE: ARTICLE REVIEWS (30 pts each) 120 CASE STUDIES 150 PARTICIPATION 40 PROBLEM SETS 50 FOREIGN EXCHANGE SUMMARY 40 400 PROBLEM SETS: Students may work in groups of three or four. The problems will come from questions at the end of the chapter. Randomly...
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... ST LOUIS, MO • GEORGE HERBERT WALKER SCHOOL OF BUSINESS & T ECHNOLOGY • BUSINESS DEPARTMENT BASIC FINANCE FOR MANAGERS BUSN5200 SU 2015 Section 07 3 Credits 06/01/2015 to 07/31/2015 Modified 05/20/2015 MEETING TIMES Thursday, 5:30 PM to 9:30 PM, Westport Campus CONTACT INFORMATION Mike Boland Email: michaelboland57@webster.edu (mailto:michaelboland57@webster.edu) Phone: 6362363636 DESCRIPTION Managers and human resources management professionals must be able to understand financial information contained in financial statements and reports. Line managers must be able to understand financial information contained in financial statements and reports in order to evaluate their unit's financial performance, to communicate clearly with other managers, and to apply financial information when making decisions. Human resources management professionals must understand financial statements and principles if they are to effectively assist line managers and be strategic partners with other business functions. This course will focus on the interpretation and use of basic financial information by nonfinancial managers, not on the production of financial statements and reports. (FINC 5000 cannot be substituted for BUSN 5200.) Requisites None OBJECTIVES OUTCOMES Outcome Expectation Students have a basic familiarity with the field of finance and an understanding of the financial goal of a business, and they have an appreciation for the ethical considerations inherent in financial ...
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...Licensed to: iChapters User Eugene F. Brigham UNIVERSITY OF FLORIDA Joel F. Houston UNIVERSITY OF FLORIDA Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Eugene F. Brigham UNIVERSITY OF FLORIDA Joel F. Houston UNIVERSITY OF FLORIDA Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Licensed to: iChapters User This is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. The publisher reserves the right to remove content from this title at any time...
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...of the problem 1.3. Objective of the study This research study has general and specific objectives. 1.3.1. General objective of the study The general objective of the study is to assess the classroom management in higher education the case with the teaching-learning of psychology of the Addis Ababa university. 1.3.2. Specific Objectives The specific objectives of the study are: •To identify the major factors affecting the quality of classroom management. •To suggest different possibilities to improve classroom management. 1.4. Significance of the Study The result of the study will give insight to the teacher and other stake holders to revisit its classroom management. And it will be also used as one reference material for people who will undertake further research in this area. 1.5. Scope of the Study Due to possible constraints in terms of time and finance the study covered only second year regular psychology students of the Addis Ababa university. 1.6. Limitation of the Study There may be Shortage of time, finance and lack of cooperation from participants. 1.7. Research design and methodology 1.7.1 Data collection method Self administer questioner will be distributed to teachers and students found in the data collection period. 1.7.2 Data analysis and presentation The collected data will be coded and entered using EPI INFO windows version 3.5.3, and cleared and analyzed by SPSS for windows version 16 and presented...
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...International Financial Management BUS ADM 456-002 (finance majors only) Spring 2015 Dr. Yong-Cheol Kim ________________________________________________________________________________ Office: S430D, Phone: 414-229-4997, e-mail: ykim@uwm.edu, mailbox is in the fourth floor of the Lubar School of Business. Office Hours: Monday and Wednesday, 9:50-10:50 AM, or by appointment. Class: Monday and Wednesday, 2:00PM - 3:15PM, Lubar Hall N126 COURSE OVERVIEW The course consists of mostly lectures, quizzes and discussion of current materials. The international financial management extends the principles of corporate finance to the international and global context. Main objectives are: 1) to broaden our view and perspective on global businesses; 2) to understand the mechanics of foreign currencies; and 3) to study the implications of the existence of multiple currencies and the operations across borders of sovereign nation-states for multinational corporations. Main topics are exchange rates and parity conditions, measurement and management of foreign currency exposures. The most important materials for a good grade are class discussions and notes. Course Learning Objectives and Course Learning Outcomes Upon successful completion of the course, the student will: 1. Be familiar with current global finance and exchange rates 2. Understand the implications of the change in the exchange rates for multinational corporations 3. Develop critical and...
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...CHAPTER 16 Consumption Questions for Review 1. First, Keynes conjectured that the marginal propensity to consume—the amount consumed out of an additional dollar of income—is between zero and one. This means that if an individual’s income increases by a dollar, both consumption and saving increase. Second, Keynes conjectured that the ratio of consumption to income—called the average propensity to consume—falls as income rises. This implies that the rich save a higher proportion of their income than do the poor. Third, Keynes conjectured that income is the primary determinant of consumption. In particular, he believed that the interest rate does not have an important effect on consumption. A consumption function that satisfies these three conjectures is C = C + cY. C is a constant level of “autonomous consumption,” and Y is disposable income; c is the marginal propensity to consume, and is between zero and one. 2. The evidence that was consistent with Keynes’s conjectures came from studies of household data and short time-series. There were two observations from household data. First, households with higher income consumed more and saved more, implying that the marginal propensity to consume is between zero and one. Second, higher-income households saved a larger fraction of their income than lower-income households, implying that the average propensity to consume falls with income. There were three additional observations from short time-series. First, in years when aggregate...
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...The Chinese University of Hong Kong CUHK Business School FINA3020 International Finance First Term 2015 – 2016 A. Staff Information Instructor: Office: Phone: Email: Office Hours: Dr. Anson C. K. AU YEUNG Room 1245, Department of Finance, CYT 3943 3780 ansonauyeung@baf.cuhk.edu.hk By Appointment TA: Office: Phone: Email: Office Hours: Miss. Karen LEE Room 1155, Department of Finance, CYT 3943 7840 karenlee@baf.cuhk.edu.hk By Appointment B. Class Schedule Session FINA3020A FINA3020B Day Thursday Monday Time 14:30 – 17:15 14:30 – 17:15 Venue CKB UG04 WMY 406 C. Course Overview Businesses are operating in an increasingly competitive environment. Managing businesses either directly or indirectly exposed to international competition requires an understanding of currency markets, foreign exchange derivatives, exchange risk, exposure and risk management. This course assumes the viewpoint of the financial manager of a multinational corporation (MNC) with investment or financial operations in more than one country. Managers encounter new opportunities as they extend their operations into international markets, as well as new costs and risks. The challenge facing the multinational financial manager is to successfully develop and execute business and financial strategies in more than one national business environment. The aim of this course is to provide you a framework for analyzing financial decisions relating to risk management...
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...End-of-Chapter Questions and Problems We have found that many students learn better when they have plenty of opportunity to practice; therefore, we provide extensive end-of-chapter questions and problems. The end-of-chapter support greatly exceeds typical introductory textbooks. The questions and problems are segregated into three learning levels: Basic, Intermediate, and Challenge. All problems are fully annotated so that students and instructors can readily identify particular types. Answers to selected end-of-chapter material appear in Appendix C. See Chapter 6, page 191; Chapter 9, page 305. New! What’s on the Web? These end-of-chapter activities show students how to use and learn from the vast amount of financial resources available on the Internet. See examples in Chapter 1, page 22; Chapter 4, page 126. New! S&P Market Insight Problems Most chapters include two or three new end-of-chapter problems that require the use of the Educational Version of Market Insight, Standard & Poor’s powerful and well- known Compustat® database. These problems provide an easy, online way for students to incorporate current, real-world data into their learning. See examples in Chapter 3, page 92; Chapter 4, page 125. xv Basic (continued ) Intermediate (Questions 19–20) Challenge (Questions 21–23) c. If you apply the NPV criterion, which investment will you choose? Why? d. If you apply the IRR criterion, which investment will you choose? Why? e. If...
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