FINA 40230A

The course will focus on the problems facing a financial manager of a large firm. In particular, we will examine how to obtain adequate funds to allow a firm to operate, and how to decide on the optimal allocation of funds obtained by the firm.

To obtain funds, the financial manager must participate in markets for debt and equity securities, so we will discuss how these markets work and how they can be most efficiently used by the firm. In allocating funds, we will learn how to assess the economic benefits of long-lived projects and how to make optional choices between projects. We will also spend time developing basic financial tools that will assist us in the decision-making process.