Records and Registration

Fall 2006 Courses Offered By Stern School of Business


Course ID Lottery Call # Drop/ Add Call # Title Faculty Cr
L03.0012001 20537 55331 Corporate Finance Damodaran,
L03.0012002 20538 55332 Corporate Finance Landier, A.* 3.0
L03.0012003 20539 55333 Corporate Finance Landier, A.* 3.0
L03.0001001 20546 55340 Restructuring Firms & Industries Amihud, Y. * 3.0
L03.0002001 20540 55334 Investment Banking Froewiss, K. 3.0
L03.0032001 20542 55336 Venture Capital Financing Smith, R.* 1.5
L03.0004001 20543 55337 Mergers & Acquisitions Amihud, Y. 1.5
L03.0006001 20544 55338 Entrepreneurial Finance Smith, R. 3.0
L03.0007001 20545 55339 Global Banking and Capital Markets Smith, R. 3.0
L03.0042001 20536 55330 Negotiating Complex Transactions w/ Executives & Lawyers Freeman, S.* 1.5
* Evening courses begin and end later in the semester than law school courses.
Law school students who enroll in evening courses will not be allowed to drop the course.

** To determine meeting days times for all classes see:

** To determine classroom assignments for all classes see:

*** To determine exam dates for all classes see:

According to ABA rules, 700 minutes of class instruction (excluding breaks) is equal to one law school credit. The Law School awards credits based on the number of hours per week that a course is offered. Stern courses have insufficient meeting hours for the Law School to award up to 3 or 4 credits. To compensate for the shortfall in meeting hours law students must now attend a special lecture that is currently being created. To receive the FULL number of Stern credits offered students MUST attend this special lecture scheduled for Tuesday, November 14th from 8:00pm -10:00pm room TBA.

Course Descriptions

B40.2302 (L03.0012) Corporate Finance - A. Damodaran or A. Landier
Prerequisite: B01.2311 or L03.3020. 3.0 credits.
This course is about economic principles: those governing the behavior of markets and firms-and strategic interactions between firms. Situations faced by leading corporations are discussed, including supply and demand; how price depends on both costs and the sensitivity of buyers to price; the advantages and disadvantages of size; whether firms should make or outsource their inputs; how to increase revenue by charging different prices to different customers; the advantages and disadvantages of price competition; how to convey information to buyers and sellers; and winner-take-most"network"markets.

The course structure assumes that all students have had some economics background. They must be comfortable with quantitative concepts and approaches and with graphical/geometric ways of presenting quantitative information.

B40.2304 (L03.0001) Restructuring Firms & Industries - Y. Amihud
Prerequisites: B01.2311 or L03.3020, B40.2302 and a strong finance background. 3.0 credits.
This course presents a comprehensive analysis of asset and liability restructuring. Topics include industrial organization economics; mergers and acquisitions; divestitures; corporate recapitalization; bankruptcy and reorganization in and out of court workouts; legal, political, and tax impacts on industries; and multinational competition. Agency theory issues and corporate governance are also considered.

NOTE: Course also offered as a cross listed class in the law school with Professor D. Yermack. The finance requirement may be less stringent. Please check with Professor Yermack.

B40.2334 (L03.0002) Investment Banking - K. Froewiss
Prerequisite: B01.2311 or L03.3020. 3 credits.
This course presents a broad overview of the role of investment banking in modern societies. What functions are performed? How are these tasks carried out in competitive and noncompetitive environments? Topics covered include concepts such as origination, syndication, distribution of security issues; pricing of new issues and the management of issues in the after markets; and the role of investment bankers in restructuring industry, financing governments, and facilitating saving and investment. Ethical issues investment bankers must face are considered.

B40.3173 (L03.0032) Venture Capital Financing - R. Smith
Prerequisites: B01.2311 or L03.3020. 1.5 credits.
This course provides institutional background and details necessary to deal with the venture capital and new issues markets. Examines basic valuation issues, appropriate capital structure, the value of liquidity, and the value of control. Also considers the intangible aspects of entrepreneurship and venture capital forms of financing.

B40.3196 (L03.0004) Mergers & Acquisitions - Y. Amihud
Prerequisites: B01.2311 or L03.3020. 1.5 credits.
This course examines selected topics in mergers and acquisitions from the viewpoint of finance. Basic theory and empirical findings form the base for discussing such issues as merger strategy; defensive measures in merger; the valuation of firms as a whole under differing management strategies; and the impact of financing considerations on various stakeholders.

B40.3361(L03.3006) Entrepreneurial Finance - R. Smith
Prerequisite: B01.2311 or L03.3020. 3.0 credits.
This course identifies and follows the wealth creation cycle that begins with company start-ups, passes through successive stages of various kinds of private equity financing, and ends with the harvesting of the created wealth through a sale or merger or initial public offering. Emphasis is placed on how entrepreneurial firms adapt financing and financial contracts to the information asymmetry problems, the high degree of uncertainty, and the conflicts of interest associated with start-ups.

B40.3387 (L03.0007) Global Banking and Capital Markets - I. Walter
Prerequisite: B01.2311 or L03.3020. 3 credits.
This course is an analysis of the competitive performance and strategic positioning of financial institutions in multinational capital markets. Market segmentation theories are applied to markets for syndicated lending, trade finance, and project financing. Considers international aspects of raising capital in multinational, multiregulatory settings. Examples may include mergers and acquisitions, joint venture capital projects, and government or private partnership projects.

B65.2161 (L03.0042) Negotiating Complex Transactions with Executives & Lawyers - S. Freeman
Prerequisite: A basic course on negotiation, such as Collaboration, Conflict&Negotiation (B65.2159) or Lawyering (L06.2001) is a prerequisite for the course. 1.5 credits.
*Special Note for Law Students:

Law students will do one additional written project for this course, and will have one extra short session with the professor to introduce the project. The session is tentatively scheduled for 6-8:00 pm Thursday, October 26, the week before the course begins.

Note: Students who complete the special project and attend this special session are not required to attend the make-up session on November 14th.

IIn this innovative and practical course, students from the Law school and the Business school come together at Stern to learn what it takes to negotiate major transactions. Most key corporate deals- such as mergers, financings, international joint ventures and settlements- are legal/business problems. So it's crucial for lawyers and business people to know how to work well together, and how to design wise agreements. To develop these skills, students negotiate a variety of simulated ttransactions and conflicts. They take one deal from concept to term sheet to contract and then see iits effects months later. They grapple with whether to sue or settle. They even trade roles at least once. They also examine real agreements, perhaps meeting and questioning guest speakers who actually negotiated them. They also discover ways to design better transactions, with the help of economics and other important theoretical tools. Through their continuing work together, they overcome their natural feelings of professional culture shock and learn how to work as a team to create sound agreements- as their future employers expect them to do.
A basic course on negotiation, such as Collaboration, Conflict&Negotiation (B65.2159) or Lawyering (L06.2001) is a prerequisite for the course. The course is different from Stern's Advanced Topics in Negotiation, which focuses mainly on negotiating in organizations. Neither is a pre-requisite for the other.