SEC01 - UNIVERSITY OF PENNSYLVANIA THE WHARTON SCHOOL...

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Unformatted text preview: UNIVERSITY OF PENNSYLVANIA THE WHARTON SCHOOL LECTURE NOTES FNCE 601 FINANCIAL ANALYSIS Franklin Allen Fall 2003 QUARTER 1 - WEEK 1 Th: 9/4/03 Copyright 2003 by Franklin Allen FNCE 601 - Section 1 - Page 1 Section 1: Introduction Read Chapter 1 BM and Dow Jones reading in BP Purpose of the Course The purpose of the course is to give you a framework for thinking about how a firm should make investment and financing decisions to create value for its shareholders. In order to do this we will not only need to look at the firm but also to consider how financial markets work and how investors in those markets should make decisions. By the end of the course you should have a framework for thinking about business problems. Reading List The reading list contains the details of the course. Study Methods The material for this course is not the sort that most can absorb easily, especially to start with. Youll find it helpful at the beginning of the course to read the chapters from the book before we go through it in class. That way, hopefully, youll get more from the lectures. As the term progresses you may find you dont need to do this as much, but at least to start with you should do so. After weve been through the material in class you should again read the lecture notes and relevant chapters. You should make sure you understand them, and this may require reading the material slowly a number of times--it may be necessary to reread certain passages over and over. You should not get depressed if you cant understand it the first time through. The thing to do is to try to understand each individual step in an argument one at a time, and then once youve done that, youll find you have a better grasp of the idea as a whole. One thing you may find helpful is FNCE 601 - Section 1 - Page 2 to form study groups and discuss the material together. Once youve been to class and read through the material, the only way you can be sure you understand it is to do the problems. Practically every week we will be doing a problem set or case to be handed in and graded. The problem sets will consist of questions to make sure you have read the material and questions from old exams so that when you get to the midterm and...
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SEC01 - UNIVERSITY OF PENNSYLVANIA THE WHARTON SCHOOL...

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