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| SYLLABUS |
| Investment Valuation,
7,5 ECTS Credits |
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COURSE CATEGORY Singel Subject course. The course is also a part of the Business Administration and Economics Programme
MAIN FIELD OF STUDY Business administration - FÖA
SUBJECT AREA
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COURSE CODE |
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722G79 |
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| AIM OF THE COURSE |
After completion of the course the student should be able to:
- evaluate and discuss the usefulness of academic literature in the field of investment valuation, and to analyse and make a valuation of any company.
- understand important factors affecting a company’s value. What create valuate and what destroy value.
- analyse general factors affecting stock-markets and individual companies.
- understand the effect behavioural psychologies have on valuation processes and investments. |
| CONTENTS |
The course aims at preparing the participants for positions within financial institutions and investment banks. The goals of this course are to provide students with the skills needed to carry out valuation exercises for any companies.
The course considers various approaches to investment and asset valuation and their applications on developed capital markets. Option pricing theories in equity and asset valuation will also be considered, together with case studies and examples. The course will entail the following parts:
• Riskless rates and risk premiums
• Beta
• Cost of equity/cost of debt
• The basic of risk
• Discounted cash flow valuation
• Relative valuation
• Real option valuation |
| TEACHING |
| The teaching is to a large extent problem based, where the student is expected to take responsibility for the individual learning. The theoretical platform is presented in a series of lectures, which also include practical experiences presented by guest lecturers. This is further developed in seminars, which are devoted to discussions related to theory and practical case studies. Groups of students will be responsible for making and presenting of valuation of individual firms. Language of instruction: English. |
| EXAMINATION |
Individual written assignment
Report (group assignment)
Students failing an exam covering either the entire course or part of the course two times are entitled to have a new examiner appointed for the reexamination.
Students who have passed an examination may not retake it in order to improve their grades. |
| ADMISSION REQUIREMENTS |
At least 30 ECTS credits in financial management, financial theory or accounting. Documented knowledge of English equivalent to "Engelska B"; i.e. English as native language or an internationally recognized test, e.g. TOEFL (minimum scores: Paperbased 550 + TWE-score 4.0, computorbased 213 and internetbased 79), IELTS, academic (minimum score: Overall band 6.0 and no band under 5.0), or equivalent.
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| GRADING |
| The course is graded according to the ECTS grading scale A-F |
| CERTIFICATE |
| Course certificate is issued by the Faculty Board on request. The Department provides a special form which should be submitted to the Student Affairs Division. |
| COURSE LITERATURE |
| The course literature is decided upon by the department
in question. |
| OTHER INFORMATION |
Planning and implementation of a course must take its starting point in the wording of the syllabus. The course evaluation included in each course must therefore take up the question how well the course agrees with the syllabus.
The course is carried out in such a way that both men´s and women´s experience and knowledge is made visible and developed. |
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Investment Valuation
Investment Valuation |
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Department responsible
for
the course or
equivalent:
IEI - Department of Management and Engineering |
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| Registrar No: LiU-2008/00111 och 1331/06-41 |
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Course Code: 722G79 |
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Exam codes: see Local Computer System |
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| Subject/Subject Area : Business administration - FÖA |
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| Level |
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Education level |
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Subject Area Code |
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Field of Education |
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| G2X |
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Basic level |
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FÖA |
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SA |
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The syllabus was approved by the Board of Faculty of Arts and Science 2008-08-27
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