BA Modern Language and Business & Management (French)

The course covers the valuation of assets, portfolio analysis, the capital asset pricing model, the arbitrage pricing theory and option pricing, the Net Present Value criterion for investment decision making, focusing on the rationale for its use and how it may be calculated under uncertainty, the capital structure decision and the dividend decision, and other topics in corporate finance.

BMAN10522/10522(M) or BMAN10552 (with a pass mark of 60% or above). Only available to: Mgt/Mgt (specialism); IM, IMABS and BSc Accounting.

Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.

Pre-requisites:
BMAN10522/10522(M) Financial Decision Making with a pass mark of 40% or above or
BMAN10552 Fundamentals of Finance with a pass mark of 60% or above

Co-requisites: None

Dependent course units: BMAN20072, BMAN30060, BMAN30071, BMAN30091, BMAN30111, BMAN30242, BMAN30702, BMAN30190 only available to BSc Management (A+F) - provided students have taken and passed BMAN23000(B), BMAN20072 and BMAN20081.
 

- to develop and extend the fundamental concepts of modern finance theory that were introduced in the first year

- to provide an understanding of asset valuation and issues associated with valuing assets

- to develop the core theoretical models of modern finance

- to engender an awareness of the predictions/implications of these models

- to provide an understanding of the NPV decision making rule and how NPV calculations can be modified in the face of such factors as inflation and taxation

- to analyse issues of risk and assess their impact on the investment decision

- to analyse the issue of whether altering the proportions of debt and equity in a firm’s capital structure affects the market value of the firm

- to examine the impact of a firm’s decision to pay dividends on its value
 

By the end of the course students:
- understand the way in which assets can be valued
- understand the core theoretical models of modern finance
- can distinguish between assumptions and implications of the theoretical models introduced
- understand and implement the NPV decision rule
- understand the role and use of the capital asset pricing model in appraising investment projects under conditions of uncertainty
- understand the effects of the corporate financing decision (the use of debt and equity) on the value of the firm under different scenarios
- understand the impact of dividend payments on the value of the firm

Lectures: 34 hours over two semesters (2 hour slot every week, online, pre-recorded), supplemented with weekly one-hour in-person ‘Key Points’ sessions each week of the lectures, and additionally, in the last week of each semester, as revision sessions. Total (34 Lectures + 19 Key Points = ) 53 hours

Drop-in Clinics: 17 hours in a ‘Clinic’ session  (1 hour slot during 9 weeks in Semester 1 and 8 weeks during Semester 2.) These sessions are voluntary.

There will also be a one hour question and answer session at the end of the semester 2 to prepare students for the exam.

Total study hours: 200 hours split between lectures, classes, reading, self-study and preparation for classes, coursework and examinations.

Informal Contact Methods
1. Office Hours
2. Online Learning Activities (discussion board, self assessment questions)
3. Drop in Surgeries (Q&A sessions)

Semester 1 examination (40%).
Semester 2 examination (40%).
Coursework (20%).

For semester 1 only exchange students admitted via the Manchester Business School International office that take this course as BMAN20651(B) the assessment will be an assignment. 

 

- Informal advice and discussion during lectures and workshops.

- Online exercises and quizzes delivered through the Blackboard course space.

- Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum.

- Specific course related feedback sessions.

- Written and/or verbal comments on assessed or non-assessed coursework.

- Generic feedback posted on Blackboard regarding overall examination performance.
 

Berk, J. and DeMarzo, P., Corporate Finance, (Global  Edition) Pearson.




 

Length of course: 19 weeks

Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.

Pre-requisites:BMAN10522/10522(M) Financial Decision Making with a pass mark of 40% or BMAN10552 Fundamentals of Finance with pass mark of 60% or above.

Co-requisites: None

Dependent course units: BMAN20072, BMAN30060, BMAN30071, BMAN30091, BMAN30111, BMAN30242, BMAN30702, BMAN30190 (this course only available to BA(Econ) Finance, BA (Econ) Accounting & Finance, BA (Econ) Economics & Finance - provided students have taken and passed BMAN23000(A), BMAN20072 and BMAN20081.

Programme Restrictions: ONLY for BSc Management/Management Specialism, BSc International Management, BSc International Management and American Business Studies and BSc Accounting.

BMAN23000(B) is also available to BA Modern Languages with Business and Management provided the pre-requisite BMAN10552 Fundamentals of Finance has been passed with a mark of 60% or higher.

BMAN23000(B) is available to study abroad and exchange students admitted through the University of Manchester International Programmes Office who will be studying for a full academic year. 

For Academic Year 2024/25 

Updated: March 2024 

Approved by: March UG Committee