Carnegie Mellon University

MSCF Finance

Professor: Bryan Routledge

Department: Tepper

Course Number: 46972

Description: Broadly speaking, there are three types of players in finance: ‘Individuals’ who save and invest to smooth consumption across time or smooth consumption across risk-outcomes, ‘Corporations’ who raise money by selling securities, invest in projects and pay investors cash-flows and ‘Financial Markets’ that match the saving/borrowing needs of individuals with the investing/cash-flow needs of corporations. We will look at Portfolio Theory, Capital Budgeting, Capital Structure, No-arbitrage Pricing, Efficient Markets, and the Capital Asset Pricing Model. Text: "Corporate Finance by Jonathan Berk & Peter DeMarzo ISBN 0135056551.

Prerequisites: None