1220Fall 2023
3 Credits

Business Finance

Gain a deeper understanding of the issues managers must consider when making financial decisions.
Tim Bian 卞洋
Course Introduction
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Tim Bian 卞洋
Tim Bian 卞洋Ph.D. Georgetown University 

Tim, Bian Yang, is a lecturer at School of Banking and Finance in University of International Business and Economy (UIBE), where he has been teaching courses including Intermediate Macroeconomics, Exchange Rate and Balance of Payment and Financial Programming and Policies. His fields of study are Macroeconomics, Monetary Economics, Real Estate and Banking. Tim received his doctorate in Economics from Georgetown University in 2013, where he has also taught the course International Finance and Principle of Macroeconomics at the undergraduate level. His research experience include working in the role of Research Assistant for Professor Marius Schwartz and Pedro Gete 2010-2013 and for the Research Department of IMF in summer of 2009. ”

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Business Finance

UIBE serves as our School of Record
3 Credits
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Course Description

This course is designed to give students a deeper understanding of the issues managers must consider when making financial decisions. The course discusses time value of money, cost of capital, the theory of capital budgeting, capital budgeting in practice, options, derivatives application, agency theory, capital market efficiency and capital structure management, as well as special topics on corporate finance.

This course should help prepare students for careers in commercial and investment banking, corporate financial management, as well as more genera

Courses Outcomes

Lectures, readings, excursions, assignments, and discussions are designed to help you develop the skills to:

  • Identify after-tax incremental cash flows of corporate capital budget investments
  • Value the investment projects based on NPV, IRR and other widely used evaluation criteria
  • Estimate the weighted average cost of capital
  • Apply real options in capital budget investment decisions
  • Familiar with basic option pricing models and work out theoretical fairvalue of options
  • Have a good command of financial derivatives hedging strategies
  • Apply the agency theory to analyze conflicts between various pairs ofcorporate stakeholders
  • Understand financial market efficiencies by analyzing the valueconservation and signaling process of financial transactions
  • Manage corporate financial structures by apply comparitive analysis andpro forma analysis