CORPFIN 7021 - Corporate Investment & Strategy (M)
North Terrace Campus - Semester 1 - 2014
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General Course Information
Course Details
Course Code CORPFIN 7021 Course Corporate Investment & Strategy (M) Coordinating Unit Adelaide Business School Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Prerequisites ACCTING 7019, CORPFIN 7005, COMMERCE 7033 Corequisites ECON 7200 Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Dr Jane Luo
Lecturer-in-charge: Name: Dr Juan (Jane) LUO Location:
Telephone:
Email:Room 12.06, 10 Pulteney St
8313 0133 (work)
jane.luo@adelaide.edu.auLecturer: Name: Dr. Jeffrey Yu Location:
Telephone:
Email:Room 12.16, 10 Pulteney St
8313 2073 (work)
jeffrey.yu@adelaide.edu.auTutor: Name: Dr. Jeffrey Yu Email: jeffrey.yu@adelaide.edu.au Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
By the end of this course students should be able to:
1. Explain and interpret conceptual models and arguments in corporate finance
2. Recognize the model appropriate for structuring a given financial problem
3. Understanding the data requirements of a chosen model
4. Understanding how outputs are sensitive to changed data or assumptions
5. Interpreting the results consistent with the model structureUniversity Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1-5 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1-5 A proficiency in the appropriate use of contemporary technologies. 1-5 -
Learning Resources
Required Resources
The text book for the course is Ross, S., R. Westerfield, J. Jaffe and B. Jordan, Corporate Finance, 10e, McGraw-Hill International, 2013. (NOTE: Previous editions are not suitable).Online Learning
All materials are available on MyUni. -
Learning & Teaching Activities
Learning & Teaching Modes
Lectures supported by problem-solving tutorials developing material covered in lectures.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.
Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.Learning Activities Summary
Week beginning Topic # Topic Required Reading 3 March 1 Financial statements analysis & financial models Ch.3 10 March 2 Valuing growth opportunities
Tutorials start this week1. Ch. 9 pp. 273-293
2. EVA.pdf
3. Jones.pdf
4. Jensen.pdf17 March 3 After-tax cost of capital & dividend imputation 1. BFOT.pdf
2. BMPR.pdf24 March 4 Options & corporate finance: basic concepts Ch. 22 pp. 681-695 31 March Test #1: 4 April, 9.10am in Engineering Sth, S111, Lecture Theatre. No lecture or tutorials this week 7 April 5 Options & corporate finance: applications
Tutorials for Topic 4 during this week1. Ch. 22 pp. 695-714;
2. Ch. 23 pp. 726-730Mid-semester break 28 April 6 Real options Ch. 23 pp. 730-747 5 May 7 Mergers & acquisitions 1. Ch. 29
2. Mitchell.pdf12 May Test #2: 16 May, 9.10am in Engineering Sth, S111, Lecture Theatre. No lecture or tutorials this week 19 May 8 Corporate diversification& Corporate governance
Tutorials for Topic 7 during this week1. Stowe & Xing.pdf
2. Yermack.pdf26 May 9 CEO overoptimism & myopia 1. Heaton.pdf
2. Stein.pdf2 June Tutorials for Topic 9 during this week. Note: Reading may be varied during the semester. All .pdf files are uploaded to MyUni. -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Date and time Weighting Topics covered related learning outcome Class Test 1: 50 minutes 4 April, 9.10 am 20% 1,2 & 3 All Class Test 2: 50 minutes 16 May, 9.10 am 20% 4,5 & 6 All Final Exam: 3 hours, Closed-book Exam period beginning
21 June. Exam times to be released on Access Adelaide60% All All Total 100% Assessment Related Requirements
To gain a pass for this course, a mark of at least 50% must be obtained on the final exam as well as a total of at least 50% overall. Students not achieving the minimum final exam mark will be awarded no more than 49. The tests are compulsory and not redeemable. Failure to sit a test without adequate reason will result in zero marks awarded for the test.Assessment Detail
No information currently available.
Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
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