NBS8005 : Corporate Strategy and Valuation

Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0


To develop students understanding of corporate behaviour in different market structures and corporate equity valuation.

Outline Of Syllabus

Demand Analysis, Production Analysis
Structure-Conduct-Performance; Perfect Competition; Monopoly
Price Discrimination; Multi-Product Firms; Non-Linear Pricing
Intertemporal Pricing; Early Managerial Theories; Advertising
Oligopolistic Competition
Collusion; Regulatory Intervention
Equity Valuation: Application and Processes
Return Concepts
Discounted Dividend Valuation
Free Cash Flow Valuation
Residual Income Valuation
Market Based Valuation: Price and Enterprise Value Multiples

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture182:0036:00N/A
Guided Independent StudyAssessment preparation and completion160:0060:00N/A
Guided Independent StudyDirected research and reading150:0050:00N/A
Scheduled Learning And Teaching ActivitiesDrop-in/surgery41:004:00N/A
Guided Independent StudyIndependent study150:0050:00N/A
Teaching Rationale And Relationship

Thirty-six hours of lectures used to impart basic knowledge and understanding. Four drop-in sessions are scheduled during revision period to help with examination preparation.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination1802A100N/A
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MSeminar questions provided
Prob solv exercises2MSeminar questions provided
Written exercise2MMock exam
Assessment Rationale And Relationship

The unseen examination will test the knowledge and understanding of the material covered, as well as specific technical skills in valuation of companies. It will also test communication, analytical skills and numeracy.

Reading Lists