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Source: https://www.ncl.ac.uk/postgraduate/degrees/module/?code=NBS8005 Parent: https://www.ncl.ac.uk/postgraduate/degrees/4050f/
Postgraduate Study
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Offered for Year: 2026/27
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Module Leader(s): Dr Zhijuan Wu
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Lecturer: Professor Josephine McLaren
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Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System |
Aims
To develop students’ understanding of 1) corporate behaviour in different market structures and 2) corporate equity valuation.
Outline Of Syllabus
Semester 1:\ Fundamental economic concepts\ Boundaries of the firm: firm structure, horizontal, vertical and conglomerate boundaries\ Market structure, perfect competition, monopoly and monopolistic competition\ Oligopoly\ Price discrimination and barriers to entry\ Advertising and R&D\ M&A and diversification\ Alternative managerial theories of the firm\ \ Semester 2:\ Equity Valuation: Application and Processes\ Return Concepts\ Discounted Dividend Valuation\ Free Cash Flow Valuation\ Residual Income Valuation\ Relative Valuation: Multiples
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 17 | 2:00 | 34:00 | PIP lectures (S1 8*2-hour + S2 9*2-hour) |
| Scheduled Learning And Teaching Activities | Lecture | 1 | 2:00 | 2:00 | PIP lecture for S1 to cover the fundamental maths for Economics |
| Scheduled Learning And Teaching Activities | Lecture | 1 | 1:00 | 1:00 | PIP revision lecture for the S1 content |
| Guided Independent Study | Assessment preparation and completion | 1 | 60:00 | 60:00 | N/A |
| Guided Independent Study | Directed research and reading | 1 | 48:00 | 48:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 6 | 1:00 | 6:00 | PIP seminars (S1 3*1-hour + S2 3*1-hour) |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 1 | 1:00 | 1:00 | PIP drop-in session for the S2 content |
| Guided Independent Study | Independent study | 1 | 48:00 | 48:00 | N/A |
| Total | 200:00 |
Teaching Rationale And Relationship
The lectures/lecture material are used to impart basic knowledge and understanding of corporate strategy and valuation, although lecture sessions will also involve some elements of discussion and workshop activities. \ \ The small group teaching provides students an opportunity to practise certain knowledge and skills and gain feedback thereon. The subject requires a good deal of additional reading to supplement the lecture materials and provide a greater depth of understanding, as well as increasing exposure to the research literature. \ \ The revision and drop-in sessions are scheduled following the completion of the lectures in semester 2, to help with examination preparation.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 180 | 2 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | In-class questions provided |
| Prob solv exercises | 2 | M | In-class questions provided |
Assessment Rationale And Relationship
The written examination will test the knowledge and understanding of the material covered, as well as specific technical skills in valuation of companies. It will also test communication, analytical skills and numeracy.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8005's Timetable