COMM 473 - Business Finance
COMM 473 is an introductory course in finance that will give you an overview of the financial system, including a discussion of some of the main players in the system, the instruments they trade, and the trading prices. The course covers the time value of money, longer term securities like bonds, risky securities like stocks, and the way in which returns and the values of real and financial assets relate to each other. COMM 473 will also give you a basic understanding of the capital allocation decisions that are made by the financial manager of a Canadian business enterprise. We will cover the economic evaluation of capital investments and how to assess the risk inherent in those investments. The course also addresses the capital structure of a firm and how it determines the overall cost of capital of the firm.
Upon successful completion of this course, students will have the knowledge and skills to:
- perform time value of money calculations.
- describe features of financial markets and securities.
- evaluate corporate and individual financing and investment decisions.
- value riskless and risky assets.
- understand capital allocation decisions.
- determine the capital structure of a firm and calculate its cost of capital.
Note: This course is part of the Minor in Commerce program for students attending Faculties outside of the UBC Sauder School of Business. See your home faculty for admission requirements and program details.
Prerequisite: Either (a) all of ECON 101, ECON 102 or (b) ECON 100 or (c) all of ECON 310, ECON 311 or (d) all of ECON 101, ECON 311 or (e) all of ECON 102, ECON 310; and one of MATH 100, MATH 102, MATH 104, MATH 110, MATH 120, MATH 180, MATH 184.
Corequisite: One of COMM 293, COMM 457.