Lecture 01: Introduction
Readings:
- Brealey, Myers & Allen, Chapter 1
Lecture 02: Discounted Cash Flow and Present Value (I)
Readings:
- Brealey, Myers & Allen, Chapter 2
Lecture 03: Discounted Cash Flow and Present Value (II)
Readings:
- Brealey, Myers & Allen, Chapter 2
Assignment 1 distributed
The course starts with fundamental topics of corporate finance and public policy implication, introduction of discounted cash flow and investment decision making. The second part of the course will focus on fundamental finance which is portfolio theory, including risk and returns, risk diversification, capital market equilibrium, and efficient market theory. Understanding and determining cost of capital, supporting of financial assets valuation techniques will also be provided in this part.
In the third part, students will focus on financial assets valuation, including debt instruments (government and corporate bonds), corporate share and evaluation. Based on part 1 and 2, students will practice stock analysis using financial fundamentals and firm valuation based on free cashflow.
The last part will discuss restructuring and corporate governance policies. Using knowledge learned from previous parts, students will discuss issues relating valuation, corporate governance, and commercial banks before and after privatization.
