IZMIR UNIVERSITY OF ECONOMICS

COURSE

ITF 503 Advanced Corporate Finance

SEMESTER

Fall 2012

INSTRUCTOR

Assoc.Prof.Dr. Hasan F. Baklac

WEB PAGE

homes.ieu.edu.tr/hbaklaci

E-MAIL
CLASS SCHEDULE

hasan.baklaci@ieu.edu.tr
Wednesday 18.30-21.30

COURSE OBJECTIVES:
This purpose of this course is to provide students the opportunity to develop deep skills and
understanding of the theory and practice that underlie corporate financial policy and related
complex financial transactions. such as Net present value and capital budgeting, valuation of
the firm, IPOs, Mergers and Acquisitions.
METHOD OF TEACHING:
In majority of the semester, contents will be lectured by myself. However, students are highly
encouraged to participate in class discussions and read the relevant content before coming to
the classroom since participation and attendance is highly crucial for the success in this
course.
Students will also be assigned some cases and readings in which they will have to prepare a
written report containing the analysis of the case or reading assigned.
TEXTBOOK:
Corporate Finance, Stephen A. Ross, Radolph W. Westerfield,Jeffrey F. Jaffe, 6th
ed.,McGraw-Hill Irwin,
Fundamentals of Corporate Finance, by Ross, Westerfield and Jordan (published by McGrawHillSixth Edition).
EXAMS:
There will be one midterm exam and a final throughout the course. There will be also some
problem sections and case discussions.

COURSE GRADING
Course grades will be based on a weighted composite of performance evaluations in several
areas:
Mid-term Exams
Problem sections and cases
Attendance and Participation
Final
PERCENT
90-100
85-89
80-84
75-79
70-74
65-69
60-64
50-59
49 AND BELOW

30 %
30%
10 %
30 %
GRADE
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0

AA
BA
BB
CB
CC
DC
DD
FD
FF

COURSE OUTLINE:
Sept. 26,2012
Oct. 3,2012
Oct. 10,2012
Oct. 17,2012
Oct. 24,2012

TOPIC
Introduction and Review
Financial Markets and NPV: First Principles of Finance
Net Present Value and Capital Budgeting
Net Present Value and Capital Budgeting
Risk, Cost of Capital and Capital Budgeting

Oct. 31,2012

Risk, Cost of Capital and Capital Budgeting

Nov. 7,2012
Nov. 14,2012
Nov. 21,2012
Nov. 28,2012
Dec. 5,2012
Dec. 12,2012
Dec. 19,2012

Capital Structure: Basic Concepts

Capital Structure: Basic Concepts
Midterm
Capital Structure: Limits to the Use of Debt
Valuation and Capital Budgeting for the Levered Firm
Valuation and Capital Budgeting for the Levered Firm
Issuing Securities to Public

Dec. 26,2012
Jan. 2,2012

Mergers and Acquisitions

Mergers and Acquisitions

The above syllabus is tentative and can be changed by the instructor at any time.

The student is supposed to be aware of the facts written on the syllabus and should
keep a track of changes in the course conduct throughout the semester.