Course description
This course integrates financial economics concepts and their application in making financial decisions for organizations. Students examine the practices and perspectives of financial management, with reference to the foundations of modern finance: economics, managerial organization, and accounting. The course builds conceptual, analytical, and quantitative skills in several topic areas: financial condition and performance, financial planning and control, working capital management, long-term asset decisions based on the critical concept of net present value (NPV), and financial and capital structure. It introduces the concepts and processes of behavioral economics, financial engineering, innovation, and restructuring. The roles of economic value added (EVA) and the balanced scorecard concept in developing managerial strategies and incentive structures are also discussed. While it is not a course in personal finance, many of the concepts and techniques lend themselves to both the management of formal organizations, and the lifetime management of personal finances.
