This is an introductory MBA course in finance. Students learn how to value assets given forecasts of future cash flows. The course also concentrates on the risk characteristics of different asset classes.
The first part of the course focuses on bonds and stocks.
The second part of the course deals with measuring and pricing risk.
The third part of the course introduces students to valuation.
The final part of the course introduces students to derivative instruments.
A concurrent goal of this course is to get students interested in finance and encourage them to take elective courses in finance (there is a large offering of finance electives at Haas.)
Valuing a Project and the NPV (Net Present Value) Rule
Compound Interest and PV Calculations (Perpetuity, Annuity, Growing Perpetuity, Growing Annuity)
Interest Rates – EAR (Effective Annual Rate) vs. APR (Annual Percentage Rate), Nominal Interest Rate vs. Real Interest Rate
Bonds (face value/par value, coupon payment, Yield to Maturity (YTM), Forward Rates)
Stocks (Dividend Growth Model, Internal Rate of Return (IRR) )
Portfolio Theory and the Capital Asset Pricing Model (CAPM), the Beta.
the Adjusted Presented Value (APV) method and the Weighted Average Cost of Capital (WACC) method.
Finance 还是很重要的。正如老师在第一节课说的：
Finance is about capital allocation.
Capital is the lifeblood of everything in economics.
Activities and entities that get capital grow, those starved of it die.
他自己貌似是法学背景的：
BA, History/Economics/Philosophy, University of Pennsylvania
BS, Political Science, Wharton School, University of Pennsylvania
ABD, Financial History, University of Pennsylvania
JD, George Mason University
LLM Program, Boalt Hall School of Law, UC Berkeley.
他讲课讲的很好，拿了 2009年的两个 teaching 方面的奖：
UC Berkeley Presidential Teaching Fellow, 2009
Earl F. Cheit Award for Outstanding Teaching, 2009
教学方式和课本:
这门课的大纲列了一本推荐的教科书：Principles of Corporate Finance, 9th Edition, by Richard A. Brealey, Stewart C. Myers and Franklin Allen, published by Irwin McGraw-Hill, 2008. 这本书的三位作者分别来自 London Business School, MIT Sloan School of Management 和 The Wharton School, University of Pennsylvania.
教学方式基本上是 lecture 为主，偶尔有一些小case. 每堂课 La Blanc 老师都有很多 slides，课后也有很多作业，大多数是定量的要计算的题目……
