• The role of corporate finance in an organization
• The role of financial markets in financing firms and individual’s need for funds
• Capital budgeting tools such as payback period, internal rate of return and net present value used in evaluating investments

Week 1: Introduction to corporate finance and time value of money
Discussion of major financial decisions at a firm, issues related to separation of ownership and management, role of capital markets and time value of money.

Week 2: Valuation of basic securities
Introduction to valuation of bonds, stocks and the cost of capital.

Week 3: Capital budgeting
Introduction to capital budgeting, payback period, net present value and internal rate of return.

Week 4: Cash flows for capital budgeting
Estimation of cash flows of projects, cost of capital for a project and value addition by projects.

Week 5: Capital budgeting
Case study to illustrate the evaluation of a project using the capital budgeting tools discussed in earlier weeks.