finance class

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fin_301_syllabus_spring_2016-2.docx

Drexel University

LeBow College of Business Department of Finance

FIN 301: Introduction to Finance - 3 Credits

Spring 2016

Instructor: John F. Robinson, Ph.D.

Office: Drexel – Sacramento One Capital Mall 219

Phone: Personal: (608)-386-9348 (you may contact me at all hours including weekends)

Email: University: [email protected]

The best way to contact me for general inquiries is my Drexel email.

For homework help, text my personal number with your computer ready and excel open

Academic Accommodation

If you have a disability or special condition that may require some modification of seating, testing, or other class requirements, please notify the Drexel University Student Disability Service at 3201 Arch Street, Suite 210, (215)-895-1401, or visit the their website at http://www.drexel.edu/oed/disability/Students/index.html for more information.

Academic Policies

Please be aware of the following regarding: 1. academic integrity, 2. plagiarism, 3. cheating, 4. drop policy:

www.drexel.edu/studentaffairs/community_standards/studentHandbook/

(Please refer directly to the “Student Conduct and Community Standards” Section)

http://www.drexel.edu/provost/policies/

http://drexel.edu/oed/disabilityResources/faculty/SyllabusStatement/

http://www.drexel.edu/provost/policies/course_drop.asp

Acting with integrity in your academic conduct is vital to our commitment to excellence and

violations of the conduct and community standards can carry severe consequences (review above links for greater detail). I am required to report academic integrity violations and have personal control over some, but not all, of the consequences that might result from them.

Overview of the Course:

This course introduces basic theories and practices of corporate finance. The course has the following principal objectives:

· To provide a foundation in the basic concepts of corporate finance: time value of money, discounted cash flow valuation, capital budgeting, and the risk-return tradeoff; and

· To develop analytical skills useful in financial analysis; and

· To develop perspective and judgment in business decisions and an appreciation for planning and decision-making in a complex world

Required Materials:

· TEXT. Ross, Westerfield, and Jordan (RWJ), Fundamentals of Corporate Finance, 11th Edition, McGraw-Hill Irwin, [ISBN: 978-1259298707]

· FINANCIAL CALCULATOR. Students will be required to use a financial calculator or a web-based equivalent in solving problems in class, on quizzes, exams, and assignments.

· DREXEL LEARN. The course site will contain course materials, such as additional practice problems and course slides. The lecture notes will provide you with a basic framework in the event that you miss a class. However, remember, these notes are only outlines and frequently do not contain all information presented in the lecture.

Prerequisites:

ACCT 115 (D or higher) or HRM 310 (D or higher) AND STAT 201 (D or higher) or STAT 205 (D or higher) or STAT 261 (D or higher)

Textbook:

Communication:

In addition to the office hours listed above, office hours are available by appointment. I will frequently post announcements on Drexel Learn and also use e-mail to communicate relevant information concerning the course. Please check both Drexel Learn and your Drexel e-mail account regularly.

Performance Assessment:

The grade for this course will be determined as follows.

Assessment

Percentage

Homework

40%

Quizzes

35%

Capital Budgeting and Financial Analysis Project

25%

Total

100%

Homework assignments will be graded for correctness, with the percentage correct corresponding to the percentage of the points scored. Assignments can be repeated with the last score preserved as the final grade. These repeat assignments may be completed after the assignment is due provided that it was completed in a timely manner for the first attempt and a reasonable amount of effort was made. Projects may not be repeated. Homework assignments will generally provide immediate responses via Connect, otherwise hand graded assignments will be returned the following class period i.e. one week. Projects generally will require two weeks to grade.

Laptop/Software:

Students will use a fully functional Excel software program during this course. Students should possess basic Excel skills. If you do not possess a laptop capable of running Excel or similar spreadsheet program let me know right away to make custom arrangements.

Other issues:

1) Please see your student handbook for matters relating to student misconduct. 2) Classroom attendance is strongly encouraged, but not subject to grade. 3) Do not assume that you can miss a scheduled (or unscheduled) quiz or assignment without penalty. Each case will be assessed individually. Notice of a work-related absence should be provided as soon as the conflict is known to the student. 4) Additional information about assigned work or quizzes will be provided during the course.

Grading Scale:

A 93.0% - 100.0%

A- 90.0% - 92.99%

B+ 87.0% - 89.99%

B 83.0% - 86.99%

B- 80.0% - 83.99%

C+ 77.0% - 79.99%

C 73.0% - 76.99%

C- 70.0% - 72.99%

D 60.0% - 69.99%

F 00.0% - 59.99%

FIN 301 Introduction to Finance (subject to considerable change without prior notice, course changes will be communicated in class)

Date

Week

Topic

Readings and Assignments

Relevant Learning Goal

3/28

1

Introduction to Corporate Finance

Financial Statements

Chapter 1-3

Homework (assigned in Connect)

To develop analytical skills useful in financial analysis

4/4

2

Time Value of Money

Chapter 5

Homework (assigned in Connect)

Financial Analysis Project

To provide a foundation in the basic concepts of corporate finance: time value of money

4/11

3

Discounted Cash Flow Valuation

Chapter 6

Homework (assigned in Connect)

To provide a foundation in the basic concepts of corporate finance: discounted cash flow valuation

4/18

4

Net Present Value

Chapter 9

Homework (assigned in Connect)

To provide a foundation in the basic concepts of corporate finance: Capital Budgeting

4/25

5

Capital Investment Decisions

Chapter 10

Homework (assigned in Connect)

To provide a foundation in the basic concepts of corporate finance: Capital Budgeting

5/2

6

Capital Investment Decisions Cont.

Chapter 11

Homework (assigned in Connect)

Capital Budgeting Project

To develop perspective and judgment in business decisions and an appreciation for planning and decision-making in a complex world

5/9

7

Interest Rates and Bond Valuation

Chapter 7

Homework (assigned in Connect)

To provide a foundation in the basic concepts of corporate finance: discounted cash flow valuation

5/16

8

Stock Valuation

Chapter 8

Homework (assigned in Connect)

To provide a foundation in the basic concepts of corporate finance: discounted cash flow valuation

5/23

9

Capital Markets History

Chapter 12

Homework (assigned in Connect)

To provide a foundation in the basic concepts of corporate finance: Risk Return Tradeoff

5/30

10

Risk and Return

Chapter 13

Homework (assigned in Connect)

To provide a foundation in the basic concepts of corporate finance: Risk Return Tradeoff

6/6

11

Make up Week