Module leader: David Murphy
Duration and timing: 20 hours, Lent Term, taught mainly in London
This module aims to treat the principal topics and issues in finance that are of concern to the general manager and to all those needing to make financial decisions. These include, but are not limited to, net present value, measures for risk and return, the capital asset pricing model, the financing decision, financing instruments, and derivative securities.
The module is not designed for specialists in finance. Rather, it is aimed at providing non-specialists with a general understanding of theoretical and practical financial issues.
At the end of the module you should have an understanding of:
- investment appraisal, including the time-value of money, and the measurement and treatment of risk
- the fundamental characteristics of financial markets and financial instruments (such as stocks, bonds, and derivatives)
- corporate capital structure and its implications for a firm's cost of capital