Skip to content
Spring semester - BA - IBM - Year 1 Calendar view

Fundamentals of Business (2022-2023)


Class
Ming-Jin Jiang
Enrolment for this class is currently closed.

YR1 - International Business Management (Core)


Fundamentals of Business
Tuesdays and Thursdays from 10:00 to 11:30 am 

Join the class online: https://meet.google.com/ezm-fxkf-qxn 

 

Level 3 (Year 1)

Credits: 10 ECTS

Module leader: Ming-Jin Jiang

Office hour: TBA

Assessment methods

  • A1 - In class exercise (10%)
    • This exerise will assess your understanding of legal forms of business organisations
    • Marking Grids: A1_Marking_Grids.pdf
  • A2 - In-class exercise (10%)
    • This exerise will assess your understanding of financial management and predict a business' financial choice
    • Marking Grids: A2_Marking_Grids.pdf
  • A3 - In-class exercise (10%)
    • This exerise will assess your understanding of lean start-up concepts and the application of it
    • Marking Grids: A3_Marking_Grids.pdf
  • A4 - In-class exercise (10%)
    • This exerise will assess your understanding of the motivations of merger and acquistion and how a company choose its target by examining the financial ratios. 
    • Marking Grids: A4_Marking_Grids.pdf
  • A5 - Case Study (60%)

Learning Outcome

At the end of the module you will be able to:

LO1. Define the most basic business concepts and describe the most common corporate organisational structures.

LO2. Identify the advantages and disadvantages of various financing sources taking into account a firm’s life cycle.

LO3. Recognise the agency problem in businesses and select an appropriate solution to it in a well-defined scenario.

LO4. Extract information from a business’ financial statements.

 

For more detail, please download the attached MSG: /files/100570/FB_2023_-_MSG.pdf

 

Here is the class outline:

Google Meet Link - Join the class online

Join this module online

Week 1

Week 1 Introduction
Week 1 Production and Transaction Costs

Week 2 - Legal forms of Business Organisations and Young Businesses as Innovators

Week description

Week 3 and 4 - Disruptive Innovation

Week description

Week 5- Finance: Debt vs. Equity

Week description

Week 6 and 7 - Start-up firms: Finance Choices (Angels investors, Crowd funding, Venture capitali...

Week description

Week 8 and 9 - Cost of Capital

Week description
Week description_Cost of capital continued

Week 10 - Start-up firms: Operations (Lean startup)

Week description

Week 11 and 12 - Pricing Strategy

Week description

Week 12 & 13 - Merger and Acquisition

Week description

Week 14 - Risk Management

Week description

Week 14 - Basic Accounting and Financial Statements

Week description