Session 1 (Undergraduate): Introduction to Class
from Aswath Damodaran Hosted by Aswath Damodaran
In this class, I laid out the structure for the class and an agenda of what I hope to accomplish during the next 15 weeks. In addition to describing the logistical details, I presented my view that corporate finance is the ultimate big picture class because everything falls under its purview. The “big picture” of corporate finance covers the three basic decisions that every business has to make: how to allocate scarce funds across competing uses (the investment decision), how to raise funds to finance these investments (the financing decision) and how much cash to take out of the business (the dividend decision). The singular objective in corporate finance is to maximize the value of the business to its owners. This big picture was then used to emphasize three themes, with two more to come in the next class: that corporate finance is common sense, that it is focused and that the focus shifts over the life cycle. Syllabus: http://www.stern.nyu.edu/~adamodar/pdfiles/cfovhds/cfUGsyllspr16.pdfWebpage for class: http://www.stern.nyu.edu/~adamodar/New_Home_Page/corpfinUG.htmlPost class test: http://www.stern.nyu.edu/~adamodar/pdfiles/cfovhds/postclass/session1test.pdfPost class test solution: http://www.stern.nyu.edu/~adamodar/pdfiles/cfovhds/postclass/session1soln.pdf
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