Introduction to Finance. Welcome Nisan Langberg Office 210E Teaching Assistant Ming Chen

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Presentation transcript:

Introduction to Finance

Welcome Nisan Langberg Office 210E Teaching Assistant Ming Chen

Goal Equip students with the basic tools necessary for making efficient financial decisions while taking into account future cash flows and their risk. Methodology Students will master the required theoretical tools and apply them to day-to-day decision of individuals (saving/retirement/mortgage…)

outline Logistics Course schedule

Logistics

Class Material On our website

Text book I will teach and assign problems using the book Corporate Finance by Jonathan Berk and Peter DeMarzo, Perason

Alternative Reading Further/alternative reading is Brealey, Myers and Allen, Principals of Corporate Finance, McGraw-Hill Irwin, 8 th edition or higher

Buying the book? I do recommend buying the book The course is built around the text book Excellent reference book for those to plan to work in the area of corporate finance Taught in leading B schools around the world

Group Assignments I encourage work in groups Groups are limited to four students

Grade Homework assignments: 30% Data Case: 5% Final exam: 65%

Office hours appointment by welcome to stop by my office Send specific questions by

Course Schedule (tentative)

Course schedule August 28 Introduction Time value of money Future value, present value, discounting stream of cash flows Annuities, perpetuities, growing annuities and growing perpetuities

Course schedule September 4 Time value of money continued September 11 Interest rates APR, EAR, Amortizing loans Nominal and Real interest rates The Term Structure of Interest Rates Practice questions CH3,4 due

Course schedule September 18 Investment Decision Rules NPV, Payback period, IRR, EVA Multiple investment opportunities Resource constraints, Profitability Index Practice Questions CH5 due September 25 Pricing Risk Risk and return Expected return, Volatility Calculating realized returns Excess returns Systematic and Idiosyncratic risk Diversification CAPM Practice questions CH6 due

Course schedule October 2 Review Homework assignments and solutions with Ming the teaching assistant October 9 Stock Valuation Bond Valuation Practice questions CH10 and Data Case chapter 10 due October 12 Tentative Make up class 9:00-12:00 October 16 Final 6:00-9:00

Questions before we start?