This course is designed to provide you with an opportunity to develop your
analytical and decision making skills. The class requires you to integrate the various areas of finance into a decision framework. As such it is expected that you will be a very active partner in the
educational process. Lectures as a vehicle will be minimal. Instead student presentations, student discussion sessions, and group work will make up the majority of your experience.
The course also requires you to grapple with the difficulty of decision making under conditions of
uncertainty. It is expected that you will be faced with ambiguous situations which will require you to make numerous judgments. These situations will require a combination of financial
theory and practice. It is unlikely that these assignments will result in clear and unambiguous solutions. You will be required to draw on your previous experiences from a variety of areas in
order to successfully complete the class requirements.
A particularly important goal in this class is to obtain an understanding
and appreciation of the valuation process in markets, under conditions of risk or uncertainty. The essence of finance, in the final sense, is an understanding of how various decisions influence firm value.
For most of you this class represents the terminal experience in corporate
finance (If the phrase terminal experience sounds like you are going to die, don't worry no one has yet—it's just "educationeze" for the last course in
a sequence.) and therefore represents a last opportunity to integrate various disciplines.