Principles of Finance

This course introduces some basic concepts in fundamental finance, world of modern finance, especially to the financial operations of a business. It covers the concepts of time value of money, basic asset valuation, risk and returns model, capital budgeting and financing decisions. After completion of the course, students will be able to determine the value of bonds and stocks, estimate asset returns according to their risk characteristics and identify capital projects that maximize shareholder's wealth using a wide range of analytical tools. They will also develop a good understanding on how firms finance their capital expenditure and the levels of dividends and other payouts for their shareholders.