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Unit of study_
ECOS4211: The Economics of Corporate Finance
2024 unit information
This unit aims to equip the student with skills to evaluate economic aspects of corporate finance and corporate governance. It will emphasize the role of informational asymmetries in the underlying interactions. The unit will allow the students to explore cutting-edge topics in microeconomics and the theory of incentives. The themes covered will include the structure of the firm, the models of credit rationing and determinants of firm's borrowing capacity. We will further turn to corporate financing under asymmetric information and contract design, explore monitoring in corporate finance and design of securities, control rights and corporate governance.
Unit details and rules
Managing faculty or University school:
Economics
| Code | ECOS4211 |
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| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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ECOS3997 or ECMT3997 or ECON3999 or ECON3998 |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. identify asymmetric information aspects of economic interactions
- LO2. design the incentive constraints and formulate objectives under such constraints
- LO3. master the appropriate techniques and approaches
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
Modes of attendance (MoA)
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