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1. COURSE DESCRIPTION
The objective of this course is to understand how managers make capital budgeting, capital structure and payout policy decisions in order to maximize shareholder value.
The course is designed to provide students with exposure to useful topics in finance as well as show students how they apply in the corporate environment. Students can apply relevant knowledge, skills and exercise professional judgement as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organization.
2. COURSE CONTENT
No.
Content
Time Allocation
Contribution to CLO
Hour(s) on the class
Essays, exercise,
Assignments...
Self-study with teacher’s tutorials
Lecture
Practice, Seminar
1
Topic 1: Fundamentals of Capital Budgeting
3
0
0
3
1,8,9,10,11,12
2
Topic 1: Fundamentals of Capital Budgeting (con’t)
1
1
3
6
1,8,9,10,11,12
3
Topic 2:
Valuing stocks
3
0
0
6
2, 9,10,11,12
4
Topic 2:
Valuing stocks (con’t)
1
2
1.5
6
2, 9,10,11,12
5
Topic 3:
Capital markets and the pricing of risk
3
0
3
6
3, 9,10,11,12
6
Topic 3:
Capital markets and the pricing of risk (con’t)
1
0
3
7
3, 9,10,11,12
7
Topic 4:
Optimal portfolio choice and the CAPM
3
1
0
6.5
4, 9,10,11,12
8
Topic 4:
Optimal portfolio choice and the CAPM (con’t)
1
2
1
5
4, 9,10,11,12
9
Mid- term exam
0
0
0
0
1,2,3,4, 9,10,11,12
10
Topic 5: Estimating the cost of capital
3
0
3
6
5, 9,10,11,12
11
Topic 5: Estimating the cost of capital (con’t)
2
3
2
6
5, 9,10,11,12
12
Topic 6:
Capital structure in a perfect arket
3
0
0
6
6, 9,10,11,12
13
Topic 6:
Capital structure in a perfect market(con’t)
2
3
3
6
6, 9,10,11,12
14
Topic 7: Payout policy
3
0
0
6
7,8, 9,10,11,12
15
Topic 7: Payout policy (con’t)
1
3
3
7
7,8, 9,10,11,12
Total
30
15
22.5
82.5
3. COURSE ASSESSMENT
3.1. Type of Assessement
* Formative assessment: Class attendance (10%)
* Summative assessment (90%)
No.
Assessment
Rate
I
Mid-Term
30%
1
2
Mid-term test
Multiple choices and short answer test
Assignment
20%
10%
II
Final term
60%
Final-term exam
Multiple choices and short answer test
60%
Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
Attitude assessment
The number of attendances and participation in lesson
1,2,3,4,5,6
10%
Quiz, midterm test
Knowledge and skill assessment
Quick test, 30 minutes
3,4,5,6,7,8
10%
Report
Knowledge and skill assessment
Group or individual assignment
7-12
20%
Summative
Final test
Knowledge and skill assessment
MCQ + writing (60 mins)
1-10
40%
Total:
100%
3.2. Assessment Criteria
* Generic Criteria
* Formative assessment:
Mid – Term test
- Form: Written test (include: multiple choices and short answer test)
- Content: all materials covered in the course schedule.
- The test is composed of two parts:
- Multiple choice questions (15-20 questions): true-false, multiple-choice (account for 60% of final score)
- Short answer questions: 1-2 questions (account for 40%)
- Criteria:
+ Giving precise MC answers: 6 points
+ Clear, structured, informative essays: 4 points
Total: 10 points
Mid – Term Assignment
- General rules for all written documentations
All works are presented on A4 sized paper, size: 12, font: Times New Roman or VnTime; margin settings as follows: top 2.5 cm, bottom 2.5 cm, left 3.5 cm, right 2 cm; spacing 1.5.
- Group work
- Form: Group report and presentation
- Content: Dividend Growth Valuation project
- Criteria:
+ Clear and feasible topics 1 points
+ Logical analysis, straight to the point, practical refection 5 points
+ Use of variety of references, vivid examples 1 point
+ Coherent writing, precise citation 2 points
+ Good presentation skill 1 points
Total: 10 points
Final exam
- Form: Written test (include: multiple choices and short answer test)
- Content: all materials covered in the course schedule.
The exam is composed of two parts:
- Multiple choice questions (30 questions): true-false, multiple-choice (account for 60% of final score)
- Short answer questions: 1-2 questions (account for 40%)
- Criteria:
+ Giving precise MC answers: 6 points
+ Clear, structured, informative essays: 4 points
Total: 10 points