Teaching

FIN 615: Valuation

This MBA course focuses on valuing projects and firms. Topics include financial statement analysis, capital budgeting methods, estimating incremental cash flows, estimating a firm's cost of capital, valuing projects, valuation of companies in takeovers, the effects of real options on project values, and multiples-based valuation. The class is a mix of lectures and cases, with eight cases covered during the six-week term. Four of the cases also require short write-ups.

Last year's syllabus for the class is available here.

BA 865: Asymmetric Information

This Ph.D. course is designed to introduce students to the tools used in modeling asymmetric information and to expose them to applications in different areas. The prerequisite for the course is Economics 601 or an equivalent. The course begins with an introduction to the main tools used in game theory, Bayesian Nash equilibrium and perfect Bayesian equilibrium. Adverse selection and moral hazard, the two main approaches to modeling asymmetric information in contract theory, are discussed. For much of the course, the focus is on applications of asymmetric information models drawn from different areas, including disclosure of information (accounting), external financing (finance), technology licensing (information technology), pricing (marketing), and auctions (of interest to several areas).

Last year's syllabus for the class is available here.