GRADUATE SCHOOL
Financial Economics (With Thesis)
ITF 503 | Course Introduction and Application Information
| Course Name |
Advanced Corporate Finance
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ITF 503
|
Fall/Spring
|
3
|
0
|
3
|
7.5
|
| Prerequisites |
None
|
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| Course Language |
English
|
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| Course Type |
Elective
|
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| Course Level |
Second Cycle
|
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| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | - | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | The purpose of this course is to provide students the opportunity to develop deep skills and understanding of the theory and practice that underlie corporate financial policy and related complex financial transactions. such net present value and capital budgeting,valuation of the firm, IPOs, Mergers and Acquisitions. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | In this course net present value and capital budgeting, capital structure, valuation of the firm, IPOs, Mergers and Acquisitions will be covered and related cases will be discussed. |
|
|
Core Courses |
X
|
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Introduction to Advanced Corporate Finance | |
| 2 | Risk, Cost of Capital and Capital Budgeting | Corporate Finance, Stephen A. Ross, Radolph W. Westerfield,Jeffrey F. Jaffe,9th ed.,McGrawHill Irwin, 2010,,Ch.12 |
| 3 | Case 1: Marriott Corp. | Marriott Corporation: The Cost of Capital (Abridged), HBS 9289047 |
| 4 | Capital Structure: Basic Concepts | Corporate Finance, Stephen A. Ross, Radolph W. Westerfield,Jeffrey F. Jaffe,9th ed.,McGrawHill Irwin, 2010,Ch.15 |
| 5 | Case 2: American Home Products Corporation | American Home Products Corporation HBS 9283065 |
| 6 | Capital Structure:Limits to the Use of Debt | Corporate Finance, Stephen A. Ross, Radolph W. Westerfield,Jeffrey F. Jaffe,6th ed.,McGrawHill Irwin, 2010,Ch.16 |
| 7 | Case 3: Masey Ferguson, 1980 | Masey Ferguson, 1980 HBS 9282043 |
| 8 | Case 4: Goodyear Restructiring | HBS 9288046 Goodyear Tire and Rubber Company 1988 HBS 929001 |
| 9 | Valuation and Capital Budgeting for the Levered Firm | Corporate Finance, Stephen A. Ross, Radolph W. Westerfield,Jeffrey F. Jaffe,9th ed.,McGrawHill Irwin, 2010,Ch.17 |
| 10 | Case5: Eskimo Pie Corporation | Eskimo Pie Corporation HBS 9293094 |
| 11 | Midterm Exam | |
| 12 | Issuing Securities to Public | Corporate Finance, Stephen A. Ross, Radolph W. Westerfield,Jeffrey F. Jaffe,9th ed.,McGrawHill Irwin, 2010,Ch.19 |
| 13 | Case6: Netscape’s Initial Public Offering | Netscape’s Initial Public Offering HBS 9296088 |
| 14 | Mergers and Acquisitions | Corporate Finance, Stephen A. Ross, Radolph W. Westerfield,Jeffrey F. Jaffe,9th ed.,McGrawHill Irwin, 2010,Ch.30 |
| 15 | Case7:Phillip Morris and Craft | Phillip Morris and Craft HBS9289045 |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Capital Budgeting and Longterm Financing Decisions, Neil Seitz and Mitch Ellison, 4.th ed.,South Western Publishing (Thompson), 2005, ISBN: 978-0324258080 |
| Suggested Readings/Materials | Harvard Business School Cases It is necessary to read the cases before the class, answering the questions pertaining to the cases and handing it in writing in the beginning of the class and participating in the class discussions of the cases. |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation |
1
|
10
|
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury | ||
| Project |
1
|
30
|
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
30
|
| Final Exam |
1
|
30
|
| Total |
| Weighting of Semester Activities on the Final Grade |
3
|
70
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
30
|
| Total |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
| Study Hours Out of Class |
14
|
3
|
42
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
0
|
||
| Presentation / Jury |
0
|
||
| Project |
1
|
30
|
30
|
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
40
|
40
|
| Final Exam |
1
|
50
|
50
|
| Total |
210
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
|
1
|
2
|
3
|
4
|
5
|
||
| 1 | To improve and deepen expertise in economics and finance. |
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| 2 | To be able to comprehend the interaction between economics, finance and related fields. |
X | ||||
| 3 | To be able to apply the advanced level knowledge acquired in economics and finance. |
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| 4 | To be able to create new knowledge by combining the knowledge of finance and economics with the knowledge coming from other disciplines and be able to solve problems which requires expert knowledge by applying scientific methods. |
X | ||||
| 5 | To be able to use computer programs needed in the fields of economics and finance as well as information and communication technologies in advanced levels. |
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| 6 | To be able to think analytically to identify problems in finance and economics and to be able to make policy recommendations in economics and finance based on scientific analysis of issues and problems. |
X | ||||
| 7 | To be able to develop new strategic approaches for unexpected, complicated situations in finance and economics and take responsibility in solving it. |
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| 8 | To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages and to be able to institute and observe these values. |
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| 9 | To be able to critically evaluate the knowledge in finance and economics, to lead learning and carry out advanced level research independently. |
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| 10 | To be able to use a foreign language for both following scientific progress and for written and oral communication. |
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest