Marburg, Germany - Course Descriptions - Finance Under Certainty

Course Information

Contact Hours and Credits

Availability

Full Description

This lecture deals with the fundamental issues related to investment and funding decisions under certainty.

The topics covered are:

funding alternatives (equity and debt funding including modern forms of funding like mezzanine debt),
investment decision criteria geared to practical applications (net present value, annuity method, internal rate of return, pay-off period),
arbitrage theory and the term structure of interest rates under certainty,
investment theory with and without taxes (including Fisher's Separation Theorem),
working capital issues (measurement and management),
simultaneous optimization of investment and funding decisions (Dean's model, extended model of Hirshleifer)

Target skills
Students are equipped with an overview over important investment and funding alternatives. Moreover, they should master the fundamentals of investment and funding decisions under certainty. In particular, they should be able to understand the limitations of investment decision criteria geared to practical applications.

Download course description here in Acrobat PDF Format
Adobe Acrobat Reader is needed to download this file

Download your free copy of Adobe Acrobat Reader Here