ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title BUSINESS FINANCE
Code ECON304
Coordinator Dr EM Apps
Economics
E.Apps@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 6 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ACFI204 FINANCIAL MANAGEMENT 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   6

      18

12

12

48
Timetable (if known)   60 mins X 1 totaling 6
 
      120 mins X 1 totaling 24
60 mins X 1 totaling 12
 
 
Private Study 102
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Written Open Book End of Semester Synoptic Assessment Assessment Type: Written Exam Duration: 3 hours Weighting: 60% Reassessment Opportunity: Yes Penalty for Late Submiss  3 hours    60       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2: Video recorded interview Assessment Type: Practical Assessment Duration: 5 Minutes Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Pe  5 minutes    30       
Assessment 3: Uploading of notes Assessment Type: Coursework Duration: N/A Weighting: 10% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Ano  Varied    10       

Aims

To provide students with a fundamental understanding of the core theoretical and empirical aspects involved in corporate finance. The course aims to build transferrable skills of students by concentrating on the fundamental theoretical and empirical principles.


Learning Outcomes

(LO1) Students will be able to understand the principles of bonds and stocks valuation.

(LO2) Students will be able to undertake assessment of the term structure of interest rates.

(LO3) Students will be able to develop understanding of empirical and theoretical aspects of capital budgeting under uncertainty, market efficiency.

(LO4) Students will be able to understand portfolio theory, asset pricing models (CAPM,APT), and portfolio management.

(LO5) Students will be able to develop understanding of issues involved in Capital Structure and Dividend policy.

(LO6) Students will be able to understand the principles and practices involved in leasing, mergers and acquisitions.

(LO7) Students will be able to understand the functions and valuation principle of options, futures, warrants and convertibles.

(S1) Problem Solving Skills

(S2) Numeracy

(S3) Commercial Awareness

(S4) Communication Skills


Teaching and Learning Strategies

Teaching Method: Online Asynchronous Learning Materials
Unscheduled Directed Student Hours: 18
Attendance Recorded: No
Notes: 12 x 2 Hours (with each two-hour session being split into four 30 minute online chunks)

Teaching Method: Webinar
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method: Seminar
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Teaching Method: Group Study
Scheduled student Hours: 6
Attendance recorded: No

Self-Directed Learning Hours: 104
Description: Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

Costs Information:
Students may wish to purchase the core text at a cost of £53.99 or the e-book at a cost of £45.34.

This module is a pre-requisite for the following modules:
ACFI341, ACFI342

Skills/Other Attributes M apping

Skills / attributes: Communication skills
How this is developed: Lectures and webinars
Mode of assessment (if applicable):

Skills / attributes: Commercial Awareness
How this is developed: Lectures and webinars
Mode of assessment (if applicable):

Skills / attributes: Numeracy
How this is developed: Lectures and webinars
Mode of assessment (if applicable):

Skills / attributes: Problem solving skills
How this is developed: Lectures and webinars
Mode of assessment (if applicable):


Syllabus

 

Topics being covered over 12 weeks (In no particular order):
1) Bond & stock valuation; term structure of interest rates; raising finance
2) Capital budgeting
3) Capital structure and dividend policy: theories and empirical evidences
4) Asset pricing (CAPM and APT) – theories and empirical evidence
5) Multi-factor models and applications in practice (within the context of portfolio management
6) Mergers and Acquisitions
7) Leasing Contracts
8) Valuing Options and applications in hedging
9) Hedging foreign exchange and interest rate risk
10) Module round-up and assessment brief and preparation


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.