This course begins by briefly introducing students to some fundamental concepts in financial theory, including the separation of investment, cash flow and consumption decisions for firms; the time-value of money, net present value, and the associated impetus towards value-based decision making; as well as arbitrage and the law of one price, and the idea of efficient markets. Students will then dig deeper into the mechanics of discounting, compounding, and calculating free cash flows, giving them tools to make value-based decisions about whether to undertake or cancel a project within a firm; value a share, or acquire a company, using a given discount rate.

Note that this information may change at any time. Please visit the MyBU Student Portal for the most up-to-date course information.