1220 
3 Credits

Business Finance

This course will help prepare students for careers in commercial and investment banking, corporate financial management, as well as more general areas.
Tim Bian 卞洋
Course Introduction
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Tim Bian 卞洋
Tim Bian 卞洋Ph.D. Georgetown University 

Tim Bian is an associate professor at China School of Banking and Finance, University of International Business and Economics (UIBE). He has extensive teaching experience, having taught courses such as Intermediate Macroeconomics, International Finance, Money and Banking, Central Banking, and Financial Programming and Policies. His research focuses on  macroeconomics, real estate, local government debt, and outbound investment. Professor Bian obtained his Ph.D. in Economics from Georgetown University in 2013, where he also taught International Finance and Principles of Macroeconomics at the undergraduate level.

Professor Bian served as a visiting scholar at the Ministry of Commerce of China in 2019. He also taught at Shihezi University in Xinjiang from 2020 to 2022.

Interests
  • Chinese and Global History
  • Fine Art
  • Bird Watching
  • Visiting Temples and Museums

Business Finance

UIBE serves as our School of Record
3 Credits
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Course Description

This course is designed to give students a deeper understanding of the issues managers must consider when making financial decisions. The course discusses time value of money, cost of capital, the theory of capital budgeting, capital budgeting in practice, options, derivatives application, agency theory, capital market efficiency and capital structure management, as well as special topics on corporate finance.

This course should help prepare students for careers in commercial and investment banking, corporate financial management, as well as more general areas.

Courses Outcomes

Lectures, readings, excursions, assignments, and discussions are designed to help you develop the skills to:

  • Identify after-tax incremental cash flows of corporate capital budget investments
  • Value the investment projects based on NPV, IRR and other widely used evaluation criteria
  • Estimate the weighted average cost of capital
  • Apply real options in capital budget investment decisions
  • Familiar with basic option pricing models and work out theoretical fairvalue of options
  • Have a good command of financial derivatives hedging strategies
  • Apply the agency theory to analyze conflicts between various pairs ofcorporate stakeholders
  • Understand financial market efficiencies by analyzing the valueconservation and signaling process of financial transactions
  • Manage corporate financial structures by apply comparitive analysis andpro forma analysis