Fundamentals of Business (2022-2023)
Class
YR1 - International Business Management (Core)
Fundamentals of Business
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%)
- Assessment Guidlines: /files/100570/A5_Assessment_Guidelines(5).pdf
- Marking Grids: A5_Marking_Grids.pdf
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 online1 section
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Week 12 sections
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Week 2 - Legal forms of Business Organisations and Young Businesses as Innovators1 section
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Week 3 and 4 - Disruptive Innovation1 section
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Week 5- Finance: Debt vs. Equity1 section
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Week 6 and 7 - Start-up firms: Finance Choices (Angels investors, Crowd funding, Venture capitali...1 section
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Week 8 and 9 - Cost of Capital2 sections
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Week 10 - Start-up firms: Operations (Lean startup)1 section
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Week 11 and 12 - Pricing Strategy1 section
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Week 12 & 13 - Merger and Acquisition1 section
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Week 14 - Risk Management1 section
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Week 14 - Basic Accounting and Financial Statements1 section
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