Syllabus
UNIVERSITY OF PENNSYLVANIA The Wharton School
Finance 100 Fall 2012 A. Craig MacKinlay 3255 SH-DH
CORPORATE FINANCE
Course Web Page: http://finance.wharton.upenn.edu/~acmack
Course Description:
The purpose of this course is to introduce techniques of financial analysis, with emphasis on topics in the area of corporate finance. The concepts developed in Finance 100 form the foundation for all elective finance courses. The main topics covered include (1) the time value of money and the net present value rule; (2) valuation of bonds and stocks; (3) principles of capital budgeting; (4) uncertainty and the tradeoff between risk and return; (5) corporate financing decisions; (6) capital budgeting decisions under uncertainty; and (7) dividend policy.
Course Materials:
Required: S. Ross, R. Westerfield and J. Jaffe, Corporate Finance, 10th Edition, McGraw-Hill Irwin, 2013. (This new edition of Corporate Finance will be available for purchase from the bookstore at the beginning of October. Chapters that relate to material covered in class in the month of September will be provided online.)
or
S. Ross, R. Westerfield and J. Jaffe, Corporate Finance, 9th Edition, McGraw-Hill Irwin, 2010. (Referred to as RWJ in course outline.) Sample exams with solutions (available online). A scientific or business calculator. (It will be necessary for your calculator to have a xy function.) Optional: Solutions Manual for Corporate Finance (10th Edition) (available online)
Revised: September 5, 2012.
Page 1
FNCE 100 – MacKinlay
Fall 2012
or
J. Smolira, Solutions Manual to accompany Corporate Finance (9th edition), McGraw-Hill Irwin, 2010. (This solutions manual is optional but strongly recommended. It is available bundled with the textbook at the bookstore.) Useful books for further reading -R. Brealey, S. Myers, and F. Allen, Principles of Corporate Finance, 10th Edition, McGraw-Hill Irwin, 2011. (Referred to as BMA in course outline.) T. Koller, M.
Finance 100 Fall 2012 A. Craig MacKinlay 3255 SH-DH
CORPORATE FINANCE
Course Web Page: http://finance.wharton.upenn.edu/~acmack
Course Description:
The purpose of this course is to introduce techniques of financial analysis, with emphasis on topics in the area of corporate finance. The concepts developed in Finance 100 form the foundation for all elective finance courses. The main topics covered include (1) the time value of money and the net present value rule; (2) valuation of bonds and stocks; (3) principles of capital budgeting; (4) uncertainty and the tradeoff between risk and return; (5) corporate financing decisions; (6) capital budgeting decisions under uncertainty; and (7) dividend policy.
Course Materials:
Required: S. Ross, R. Westerfield and J. Jaffe, Corporate Finance, 10th Edition, McGraw-Hill Irwin, 2013. (This new edition of Corporate Finance will be available for purchase from the bookstore at the beginning of October. Chapters that relate to material covered in class in the month of September will be provided online.)
or
S. Ross, R. Westerfield and J. Jaffe, Corporate Finance, 9th Edition, McGraw-Hill Irwin, 2010. (Referred to as RWJ in course outline.) Sample exams with solutions (available online). A scientific or business calculator. (It will be necessary for your calculator to have a xy function.) Optional: Solutions Manual for Corporate Finance (10th Edition) (available online)
Revised: September 5, 2012.
Page 1
FNCE 100 – MacKinlay
Fall 2012
or
J. Smolira, Solutions Manual to accompany Corporate Finance (9th edition), McGraw-Hill Irwin, 2010. (This solutions manual is optional but strongly recommended. It is available bundled with the textbook at the bookstore.) Useful books for further reading -R. Brealey, S. Myers, and F. Allen, Principles of Corporate Finance, 10th Edition, McGraw-Hill Irwin, 2011. (Referred to as BMA in course outline.) T. Koller, M.