Managerial finance
The New Economy
This course builds upon the fundamental finance concepts, tools and methodologies introduced in GeM 8750 and extends them to the context of the New Economy and its technological environment.
The focus will be on typical objectives, tasks and decisions made by finance managers in e-business companies, thereby applying an external as well as an internal view.
The course presents advanced finance concepts in asset pricing, capital budgeting, capital raising, payout policies, risk management and corporate governance as well as related practical applications.
Furthermore a discussion of financial markets and institutions and how they have innovated through the use of internet-based transactions will be presented. Special emphasis will be given to how innovations in trading technologies at the investor and exchange level as well as the impact of globalization have affected market microstructure factors like security pricing or price volatility.
Treatment of these topics involves theoretical concepts as well as real-world examples and case studies.
Economics in a Digital Economy
This course explores the underlying economic forces that govern business in general and digital business in particular.
It has been argued that the current information revolution will fundamentally transfigure the landscape of business operations in the new millennium. It is further argued that many of the concepts and theories born out of traditional production economies have been confronted, and perhaps undermined, by continuing developments in information technology and telecommunications (ICT). This poses a significant challenge to current thinking on the economics of business, inspiring exploration into how changes in technological frontiers affect models of production, logistics, sales and marketing, and consumption.
This course will focus on the economic principles that define markets, firms and consumers, and how they change with the evolution of technology. In addition, the course will examine which economics variables characterize "value added" for individuals and businesses, and how these factors are manifested within electronic channels.
The immediate purpose of this course is to provide students with a solid, theoretical foundation so as to be able to differentiate hype from reality regarding the digital economy. The overarching objective is to infuse students with a portfolio of tools to understand and assess current and future business models bred from the continuing evolution of the digital economy.
Managerial Finance: Foundations
The objective of this course is to familiarize the participants with the fundamental concepts and applications of Financial Management.
The three main areas to be covered are: (1) firm analysis and financial forecasting, (2) risk/return and portfolio management, and (3) valuation techniques and cost of capital considerations.
The course starts with an overview of the principal subjects of financial management and then focuses on typical objectives, tasks and decisions made by finance managers in corporations.
These tasks include, but are not limited to, analyzing financial statements and the impact of growth on them, measuring risk and return of a single asset and of asset portfolios, evaluating debt and equity, assessing the cost of capital, choosing between competing investment opportunities, and analyzing important international aspects of financial management.
The discussion of these issues involves theoretical concepts as well as real-world examples and shorter case studies
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