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BU5056: INTRODUCTION TO CORPORATE FINANCE FOR ENERGY (2016-2017)

Last modified: 16 Nov 2016 18:00


Course Overview

This course ensure students understand why companies behave the way they do with respect to financing choices and how this interacts with financial markets, with particular reference to the petroleum and energy industries.  The course covers Investment Appraisal Techniques Employed in Petroleum Industry, Risk Analysis, Portfolio Theory and the Capital Asset Pricing Model (CAPM)

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 7.5 credits (3.75 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Professor Euan Phimister

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)
  • MSc (Econ) in Petroleum, Energy Economics and Finance (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

1. Course Introduction
a. Portfolio Theory
b. Introduction to the Capital Asset Pricing Model (CAPM)

2. The Capital Asset Pricing Model and Discounted Cash Flow Analysis
a. Introduction to Discounted Cash Flow Analysis
b. Investment Appraisal
c. Recognising Cash Flows in Investment Appraisal
d. Taxes and Capital Budgeting

3. Real Options a. Introduction to Real Options in Corporate Investment b. Option Valuation Methods

Degree Programmes for which this Course is Prescribed

  • MSc (Econ) in Petroleum, Energy Economics and Finance

Contact Teaching Time

36 hours

This is the total time spent in lectures, tutorials and other class teaching.

Teaching Breakdown


Assessment

1 two hour written examination (80%); continuous assessment (20%). Resit: 1 two hour written examination (100%), capped at CAS 9.

Formative Assessment

None.

Feedback

None.

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