Module Start/Assignment Due Days |
Topics |
Projects, Deadlines, Resources |
Module start
Jan 22 |
Module 1: Introduction to the Financial System -- Real and Financial
(Slides on the Financial System)
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Start forming your teams; talk to your classmates. Consult Course Requirements in Syllabus for how to form your team.
Discussion on Module 1 begins
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Jan 28 |
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Quiz 1: What’s a financial system
Quiz 3: Functions of the financial system
Discussion on Module 1 ends
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Module
Jan 29 |
Module 2: Real and Financial Decisions
(Slides on Operating and Financial Decisions) |
Discussion on Module 2 begins |
Feb 4 |
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Financial and Operating Decisions Assignment due
Deadline to form your teams
Discussion on Module 2 ends |
Module
February 5 |
Module 3: Porter Analysis, Corporate Strategy and Valuation
The interdependence of marketing/ management/ production decisions from the point of view of a project/firm value maximizing manager (Slides) |
Discussion on Module 3 begins |
Feb 11 |
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Quiz 4: Porter Analysis
Porter Analysis of Apple Inc. Assignment due
Discussion on Module 3 ends |
Module 4
Feb 12 |
Module 4: Capital Structure Overview (Slides) |
Discussion on Module 4 begins |
Feb 19 |
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Discussion on Module 4 ends |
Module 5
Feb 20 |
Module 5: Capital Structure and Stockholder Incentives (Slides) Part 1 (Leverage and Excessive Risk-Taking; Credit Rationing) |
Discussion on Module 5: Part 1 begins |
| Feb 24 |
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Credit Rationing Assignment Due |
Feb 25 |
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Quiz 8: Capital Structure -- Modigliani-Miller
Discussion on Module 5: Part 1 ends |
Module 5 (contd)
February 26 |
Module 5: Capital Structure and Stockholder Incentives (Slides) Part 2 (Leverage and Underinvestment; Leverage and Myopia) |
Chapter 16, "Bankruptcy Costs and Debtholder-Equityholder Conflicts" in Grinblatt and Titman (2001)
Discussion on Module 5: Part 2 begins |
| March 2 |
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Myopic Investment Incentives Assignment Due |
| March 3 |
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Quiz 10: Debt and Perverse Incentives
Discussion on Module 5: Part 2 ends |
Module 6
March 4 |
Module 6: Capital Structure, Game Theory and Competition (Slides) Part 1 (Introduction to Game Theory, Typology, Equilibria) |
Discussion on Module 6: Part 1 begins |
| March 9 |
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Assignment on Game Identification Due |
| March 10 |
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Quiz 11: Capital Structure, Game Theory and Competition
Discussion on Module 6: Part 1 ends
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Module 6 (cont’d) March 11 |
Module 6: Capital Structure, Game Theory and Competition (Slides) Part 2 (Informational Games) |
Discussion on Module 6: Part 2 begins |
| March 16 |
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Assignment on Information Effects of Security Issuance Due |
March 17 |
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Quiz 12: Capital Structure and Competitive Strategy
Discussion on Module 6: Part 2 ends |
Module 7
March 18
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Module 7: Capital Structure and Competitive Strategy(Slides) |
Discussion on Module 7 begins |
| March 24 |
|
Discussion on Module 7 ends |
March 25-March 30 |
Semester Break |
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Module 8
April 1 |
Module 8: Capital Structure and Operating Strategy (Slides) |
Discussion on Module 8 begins |
| April 7 |
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Quiz 13: Capital Structure and Operating Strategy
Discussion on Module 8 ends |
Module 9
April 8 |
Module 9: Risk Management -- Introduction and Tools (Slides)
|
Regression; Hedging Techniques – Options, Futures, Forwards;
Bodie, Merton and Cleeton, Chaps. 10 and 11
Discussion on Module 9 begins |
| April 14 |
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Quiz 14: Risk Management Tools
Discussion on Module 9 ends
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Module 10
April 15 |
Module 10: Risk Management and Strategy (Slides) Part 1 |
Discussion on Module 10 begins |
| April 21 |
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Discussion on Module 10 ends |
| April 22 |
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Quiz 15: Risk Management and Operating Decisions |
April 23-26 |
Second Semester Break |
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May 1 |
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Risk Management at Apache, HBS case 201113; write-up due by midnight. |
May 3-5 |
Review |
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May 6-7 |
BrightSpace Test (based on Modules 5-10) |
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May 7 |
Take-home Final |
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