Corporate Investment & Strategy

Undergraduate | 2026

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Mode
Mode
Your studies will be on-campus, and may include some online delivery
On campus
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Area/Catalogue
ECON 3032
Course ID icon
Course ID
206009
Campus icon
Campus
Adelaide City Campus
Level of study
Level of study
Undergraduate
Unit value icon
Unit value
6
Course owner
Course owner
Adelaide University
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Course level
3
Work Integrated Learning course
Work Integrated Learning course
No
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Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
No
University-wide elective icon
University-wide elective course
No
Single course enrollment
Single course enrolment
No

Course overview

This course examines techniques and issues in corporate finance with a focus on corporate investment decisions. The course covers both internal and external corporate growth strategies: advanced capital budgeting techniques, risk management strategies, valuation of capital projects as real options, merger and acquisition strategies, corporate diversification and divestitures. Further topics include stock valuation along with recognition of growth opportunities, relation between growth opportunities and free cash flow and agency cost of free cash flow, incentive-aligning compensation including executive stock options, corporate governance and ethical principles in finance industry.

Course learning outcomes

  • Apply percent of sales approach to identify external financing needed at a given growth rate, and use formulas and pricing models to measure growth opportunities
  • Employ various capital budgeting techniques in decision-making
  • Apply option pricing models including real options methods, to evaluate corporate investments
  • Utilise leading techniques in valuation of merger and acquisition strategies
  • Analyse corporate investment decisions in the context of corporate diversification and corporate governance
  • Identify and apply ethical principles relevant to the finance profession

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

  • must not have completed CORPFIN3503 Corporate Investment & Strategy at the University of Adelaide

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The Student Contribution amount displayed below is for students commencing a new program from 2021 onwards. If you are continuing in a program you commenced prior to 1 January 2021, or are commencing an Honours degree relating to an undergraduate degree you commenced prior to 1 January 2021, you may be charged a different Student Contribution amount from the amount displayed below. Please check the Student Contribution bands for continuing students here. If you are an international student, or a domestic student studying in a full fee paying place, and are continuing study that you commenced in 2025 or earlier, your fees will be available here before enrolments open for 2026.