Class Meeting Days

Topics

Projects, Deadlines, Resources

Week 1
January 25

Module 1: Introduction to the Financial System

Jan 31

Perusall Assignment final annotation date: Global Reconstruction
Financial Flexibility
Role of Finance in Crisis

February 1

No class

Form your groups
Quiz 1: What’s a financial system
Quiz 2: Financial Institutions
Quiz 3: Functions of the Financial System
Quiz 4: Banks

Feb 6

Perusall Assignment final annotation date:
Panmore Institute Porter Analysis of Apple

Week 2
February 8

Module 2: 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)

Financial and Operating Decisions Assignment due

February 13th

Perusall Assignment final annotation date:
When Better Profit Margins Aren't Better

February 14th

Porter Analysis of Apple Inc. Assignment due

Week 3
February 15

Module 3: Introduction to Financial Statements (Slides)

Feb 20

Perusall Assignment final annotation date:
Leveraging Profitability

Week 4
February 22

Module 4: Introduction to Dupont Analysis (Slides)
How Marketing Strategy can be improved/monitored through Dupont Analysis

Quiz 6: Financial Statements and Fundamental Analysis

Feb 27

Perusall Assignment final annotation date:
Dupont Analysis and Market Participants

Week 5
March 1

Module 5: Implementation of Dupont Strategies (Slides)

Quiz 7: Dupont Analysis

Mar 6

Perusall Assignment final annotation date:
Capital Structure and Shareholder Value

Week 6
March 8

Module 6: Introduction to Capital Structure (Slides), Capital Structure Part II: Debt and Incentives (Slides)
Module 7: Capital Structure and Stockholder Incentives (Slides)

Dupont Analysis Assignment due

March 13

Test 1 due

March 15

No class

BS Quiz 9: Capital Structure --  Modigliani-Miller
BS Quiz 10: Capital Structure -- Taxes, Incentives and Financial Distress

Mar 20

Perusall Assignment final annotation date:
Bankruptcy Costs and Debtholder-Equityholder Conflicts
Quiz 8: Dupont Strategies

Week 7
March 22

Module 7: Capital Structure and Stockholder Incentives (Slides)

Chapter 16, "Bankruptcy Costs and Debtholder-Equityholder Conflicts" in Grinblatt and Titman (2001)

March 25

Credit Rationing Assignment due

Mar 27

Perusall Assignment final annotation date:
Capital Structure and Product Market Competition

Week 8
March 29

Module 8: Capital Structure, Game Theory and Competition (Slides)

April 5

Perusall Assignment final annotation date:
Capital Structure and Advertising Competition
Capital Structure and Corporate Strategy

Week 9
April 5

Module 9: Capital Structure and Competitive Strategy(Slides)

Chapter 17, “Capital Structure and Corporate Strategy” in Grinblatt and Titman (2001)

April 10

Perusall Assignment final annotation date:
Capital Structure and Employment Flexibility
Workers Pay, Shareholders Profit

Week 10
April 12

Module 10: Capital Structure and Operating Strategy (Slides)

Week 11
April 19

Module 11: Corporate Governance (Omitted)
Module 12: Risk Management -- Introduction and Tools (Slides)

Regression; Hedging Techniques – Options, Futures, Forwards;
Bodie, Merton and Cleeton, Chaps. 10 and 11

April 24

Perusall Assignment final annotation date:
Operational and Financial Hedging

Week 12
April 26

Module 13: Risk Management and Strategy
Part I: Hedging and Improved Planning for Future Capital Needs
Part II: Hedging and Improved Management Compensation Design (Slides)

Risk Management and Corporate Strategy in Grinblatt and Titman (2001), Chapter 21

May 1

Perusall Assignment final annotation date:
Framework for Risk Management
Quiz 17: Risk Management and Operating Decisions

Week 13
May 3

Module 13: Risk Management and Strategy
Part III: Hedging and Reduction of Financial Distress Costs
Part IV: Financial Flexibility and Operational Flexibility (Slides)

Week 14
May 10

Final Exam

Risk Management at Apache, HBS case 201113; write-up due by midnight.