The course explores decisions faced by managers of firms. In particular, decision-makers must determine which long-term real investment opportunities to exploit. Once undertaken, managers must decide how to finance the projects, for example, by debt or equity. The course develops both the conceptual framework and the tools required for these decisions. The course assumes prior familiarity with probability, expected values, and variance.
Prerequisites
ECON101 or ECON100/COMM103; ECON221 or any prior course in probability and/or basic statistics; Level at least 2B.
Antirequisites
AFM271/AFM273, AFM274/AFM371, ACTSC372 after fall 2014
Offerings
Spring 2026 [1265]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2176 | 0 / 100 | | | | |
Winter 2026 [1261]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3151 | 93 / 100 | 11:30 - 12:50 | T,Th | | |
| LEC 002 | 3594 | 71 / 100 | 10:00 - 11:20 | T,Th | | |
Fall 2025 [1259]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3265 | 100 / 100 | 14:30 - 15:50 | M,W | | |
| LEC 002 | 3949 | 74 / 100 | 18:30 - 21:20 | M | | |
Spring 2025 [1255]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2221 | 64 / 100 | 10:00 - 11:20 | M,W | | |
Winter 2025 [1251]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3220 | 99 / 100 | 11:30 - 12:50 | T,Th | | |
| LEC 002 | 3703 | 98 / 100 | 13:00 - 14:20 | T,Th | | |
Spring 2024 [1245]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2248 | 93 / 100 | 14:30 - 17:20 | M | | |
Winter 2024 [1241]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3224 | 100 / 100 | 11:30 - 12:50 | T,Th | | |
| LEC 002 | 3749 | 100 / 100 | 18:30 - 21:20 | W | | |
Fall 2023 [1239]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3213 | 75 / 100 | 18:30 - 21:20 | W | | |
| LEC 002 | 4127 | 58 / 100 | 18:30 - 21:20 | Th | | |
Spring 2023 [1235]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2242 | 91 / 100 | 08:30 - 09:50 | M,W | | |
Winter 2023 [1231]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3202 | 99 / 100 | 10:30 - 11:20 | M,W,F | AL 211 | Predrag Rajsic |
| LEC 002 | 3814 | 98 / 100 | 12:30 - 13:20 | M,W,F | AL 208 | Predrag Rajsic |
Fall 2022 [1229]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3488 | 86 / 100 | 10:30 - 11:20 | M,W,F | RCH 110 | Arash Soleimani Dahaj |
| LEC 002 | 4761 | 54 / 100 | 11:30 - 12:20 | M,W,F | RCH 110 | Arash Soleimani Dahaj |
Spring 2022 [1225]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2201 | 94 / 100 | 11:30 - 12:50 | M,W | AL 211 | Predrag Rajsic |
Winter 2022 [1221]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3180 | 95 / 100 | 11:30 - 12:50 | M,W | DWE 3522 | Predrag Rajsic |
| LEC 002 | 3940 | 69 / 100 | 08:30 - 09:50 | M,W | DWE 3522 | Predrag Rajsic |
Fall 2021 [1219]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3201 | 99 / 100 | | | | Predrag Rajsic |
| LEC 002 | 11354 | 99 / 100 | | | | Predrag Rajsic |
Spring 2021 [1215]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 041 | 2186 | 97 / 100 | | | | Predrag Rajsic |
| LEC 042 | 5405 | 98 / 100 | | | | Predrag Rajsic |
Winter 2021 [1211]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 041 | 3226 | 100 / 100 | | | | Predrag Rajsic |
| LEC 042 | 4008 | 100 / 100 | | | | Predrag Rajsic |
Fall 2020 [1209]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 041 | 3239 | 99 / 100 | | | | Predrag Rajsic |
| LEC 042 | 9925 | 97 / 100 | | | | Predrag Rajsic |
Spring 2020 [1205]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2210 | 77 / 80 | | | | Predrag Rajsic |
Winter 2020 [1201]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3203 | 75 / 120 | 14:30 - 15:20 | M,W,F | RCH 103 | Predrag Rajsic |
| LEC 002 | 4250 | 119 / 120 | 13:30 - 14:20 | M,W,F | RCH 103 | Predrag Rajsic |
Fall 2019 [1199]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3174 | 72 / 80 | 10:30 - 11:20 | M,W,F | RCH 110 | Predrag Rajsic |
| LEC 002 | 3380 | 33 / 80 | 08:30 - 09:20 | M,W,F | RCH 305 | Predrag Rajsic |
Spring 2019 [1195]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2178 | 75 / 110 | 08:30 - 09:50 | T,Th | EV3 1408 | Predrag Rajsic |
Winter 2019 [1191]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3087 | 80 / 80 | 10:30 - 11:20 | M,W,F | RCH 305 | Olivia Mesta |
| LEC 002 | 9042 | 80 / 80 | 12:30 - 13:20 | M,W,F | RCH 305 | Predrag Rajsic |
Fall 2018 [1189]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3048 | 68 / 80 | 18:30 - 21:20 | W | EV3 1408 | Predrag Rajsic |
| LEC 002 | 3265 | 65 / 80 | 16:00 - 17:20 | M,W | EV3 1408 | Predrag Rajsic |
Spring 2018 [1185]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2098 | 83 / 110 | 18:30 - 21:20 | T | CPH 1346 | Arash Soleimani Dahaj |
Winter 2018 [1181]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3150 | 120 / 120 | 18:30 - 21:20 | M | CPH 1346 | Arash Soleimani Dahaj |
Fall 2017 [1179]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3126 | 79 / 80 | 18:30 - 21:20 | T | B1 271 | Pirapagaran Tharmalingam |
| LEC 002 | 3404 | 60 / 80 | 18:30 - 21:20 | Th | B1 271 | Pirapagaran Tharmalingam |
| LEC 003 | 9517 | 1 / 1 | | | | |
Spring 2017 [1175]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2079 | 60 / 110 | 18:30 - 21:20 | M | MC 1085 | Pirapagaran Tharmalingam |
| LEC 002 | 5445 | 1 / 1 | | | | |
Winter 2017 [1171]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2960 | 118 / 120 | 10:00 - 11:20 | T,Th | EV3 1408 | Olivia Mesta |
Fall 2016 [1169]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3186 | 75 / 100 | 18:30 - 21:20 | T | B1 271 | Pirapagaran Tharmalingam |
| LEC 002 | 3484 | 34 / 100 | 18:30 - 21:20 | Th | B1 271 | Pirapagaran Tharmalingam |
Spring 2016 [1165]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2113 | 71 / 100 | 11:30 - 12:50 | M,W | AL 208 | Olivia Mesta |
Winter 2016 [1161]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3531 | 116 / 120 | 19:00 - 21:50 | T | B1 271 | Pirapagaran Tharmalingam |
Fall 2015 [1159]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3481 | 102 / 110 | 19:00 - 21:50 | T | B1 271 | Pirapagaran Tharmalingam |
| LEC 002 | 3809 | 35 / 110 | 19:00 - 21:50 | Th | B1 271 | Pirapagaran Tharmalingam |
Spring 2015 [1155]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2212 | 89 / 100 | 14:30 - 15:50 | M,W | AL 208 | Olivia Mesta |
Winter 2015 [1151]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3326 | 120 / 120 | 19:00 - 21:50 | T | B1 271 | Pirapagaran Tharmalingam |
Fall 2014 [1149]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3205 | 104 / 110 | 19:00 - 21:50 | T | B1 271 | Pirapagaran Tharmalingam |
| LEC 002 | 3581 | 24 / 110 | 19:00 - 21:50 | Th | B1 271 | Pirapagaran Tharmalingam |
| LEC 003 | 8934 | 1 / 1 | | | | |
Spring 2014 [1145]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2132 | 93 / 100 | 19:00 - 21:50 | T | B1 271 | Pirapagaran Tharmalingam |
Winter 2014 [1141]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3207 | 106 / 110 | 19:00 - 21:50 | T | DWE 1501 | Pirapagaran Tharmalingam |
Fall 2013 [1139]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2868 | 64 / 110 | 19:00 - 21:50 | T | PAS 2083 | Pirapagaran Tharmalingam |
| LEC 002 | 3303 | 89 / 110 | 19:00 - 21:50 | W | PAS 2083 | Pirapagaran Tharmalingam |
Spring 2013 [1135]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1976 | 96 / 100 | 19:00 - 21:50 | T | DWE 1501 | Pirapagaran Tharmalingam |
Winter 2013 [1131]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2969 | 110 / 110 | 18:00 - 19:20 | M,W | B1 271 | Pirapagaran Tharmalingam |
| LEC 002 | 8403 | 1 / 1 | | | | |
Fall 2012 [1129]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2847 | 106 / 110 | 19:00 - 21:50 | T | PAS 2083 | Pirapagaran Tharmalingam |
| LEC 002 | 3339 | 48 / 110 | 19:00 - 21:50 | W | PAS 2083 | Pirapagaran Tharmalingam |
Spring 2012 [1125]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2030 | 69 / 100 | 19:00 - 19:50 | T,W,Th | RCH 103 | Pirapagaran Tharmalingam |
Winter 2012 [1121]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2813 | 141 / 150 | 18:00 - 19:20 | M,W | B1 271 | Pirapagaran Tharmalingam |
| LEC 002 | 8153 | 2 / 1 | | | | |
Fall 2011 [1119]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2762 | 106 / 110 | 19:00 - 21:50 | T | RCH 307 | Usman Ali Hannan |
| LEC 002 | 3316 | 81 / 110 | 19:00 - 21:50 | W | RCH 307 | Usman Ali Hannan |
Spring 2011 [1115]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1958 | 96 / 100 | 19:00 - 19:50 | T,W,Th | RCH 105 | Pirapagaran Tharmalingam |
Winter 2011 [1111]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2811 | 119 / 120 | 18:00 - 19:20 | M,W | MC 4020 | Pirapagaran Tharmalingam |
Fall 2010 [1109]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2846 | 70 / 130 | 16:00 - 17:20 | M,W | B1 271 | Hui H.H. Huang |
| LEC 002 | 3484 | 67 / 130 | 17:30 - 18:50 | M,W | B1 271 | Hui H.H. Huang |
Spring 2010 [1105]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2144 | 78 / 100 | 19:00 - 21:50 | Th | DWE 1501 | Pirapagaran Tharmalingam |
Winter 2010 [1101]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2826 | 116 / 120 | 18:00 - 19:20 | M,W | MC 4020 | Pirapagaran Tharmalingam |
Fall 2009 [1099]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2642 | 69 / 130 | 16:00 - 17:20 | M,W | B1 271 | Hui H.H. Huang |
| LEC 002 | 3491 | 91 / 130 | 17:30 - 18:50 | M,W | B1 271 | Hui H.H. Huang |
Spring 2009 [1095]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1916 | 72 / 100 | 19:00 - 21:50 | Th | DWE 1501 | Pirapagaran Tharmalingam |
Winter 2009 [1091]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2080 | 85 / 120 | 16:00 - 17:20 | M,W | RCH 105 | Hui H.H. Huang |
| LEC 081 | 6500 | 80 / 90 | | | | David Birkett |
Fall 2008 [1089]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1641 | 83 / 160 | 16:00 - 17:20 | M,W | B1 271 | Hui H.H. Huang |
| LEC 002 | 7448 | 40 / 40 | 18:00 - 19:20 | M,W | DWE 1502 | Hui H.H. Huang |
Spring 2008 [1085]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1517 | 63 / 100 | 19:00 - 21:50 | Th | DWE 1501 | James M Redekop |
Winter 2008 [1081]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1383 | 120 / 120 | 16:00 - 18:50 | T | RCH 103 | David Birkett |
| LEC 081 | 4737 | 92 / 90 | | | | David Birkett |
Fall 2007 [1079]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1473 | 166 / 160 | 16:00 - 18:50 | M | MC 2066 | David Birkett |
Spring 2007 [1075]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1200 | 48 / 100 | 19:00 - 21:50 | Th | DWE 1501 | James M Redekop |
Winter 2007 [1071]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1392 | 126 / 135 | 16:00 - 18:50 | T | AL 113 | David Birkett |
| LEC 081 | 4536 | 73 / 90 | | | | David Birkett |
Fall 2006 [1069]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1459 | 140 / 135 | 16:00 - 18:50 | Th | RCH 302 | David Birkett |
Spring 2006 [1065]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1209 | 47 / 100 | 19:00 - 21:50 | Th | DWE 1501 | James M Redekop |
Winter 2006 [1061]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1393 | 117 / 120 | 16:00 - 18:50 | T,R,C,H | | David Birkett |
| LEC 081 | 4451 | 88 / 90 | | | | David Birkett |
Fall 2005 [1059]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1511 | 94 / 120 | 14:30 - 15:50 | M,W,B | | David Birkett |
| LEC 002 | 4861 | 49 / 120 | 16:00 - 17:20 | M,W,B | | David Birkett |
Spring 2005 [1055]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1197 | 58 / 100 | 19:00 - 21:50 | Th,D,W,E | | James M Redekop |
Winter 2005 [1051]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1394 | 126 / 120 | 13:00 - 14:20 | T,Th,M,C | | David Birkett |
| LEC 002 | 5157 | 82 / 100 | 16:00 - 17:20 | T,Th,M,C | | David Birkett |
| LEC 081 | 4371 | 60 / 60 | | | | David Birkett |
Fall 2004 [1049]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1524 | 163 / 175 | 19:00 - 21:50 | Th,M,C | | David Birkett |
Spring 2004 [1045]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1209 | 69 / 100 | 19:00 - 21:50 | Th,P,A,S | | James M Redekop |
Winter 2004 [1041]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1396 | 169 / 150 | 19:00 - 21:50 | T,M,C | | David Birkett |
| LEC 081 | 4155 | 62 / 50 | | | | David Birkett |
Fall 2003 [1039]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1552 | 155 / 150 | 19:00 - 21:50 | T,B | | David Birkett |
Spring 2003 [1035]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1301 | 66 / 100 | 19:00 - 21:50 | W,M,C | | James M Redekop |
Winter 2003 [1031]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1003 | 50 / 500 | | | | David Birkett |
| LEC 001 | 2034 | 189 / 150 | 19:00 - 21:50 | T,M,C | | David Birkett |
Fall 2002 [1029]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1747 | 153 / 125 | 19:00 - 21:50 | T,M,C | | David Birkett |
Spring 2002 [1025]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 1223 | 116 / 110 | 19:00 - 21:50 | W,M,C | | James M Redekop |
Winter 2002 [1021]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3706 | 80 / 500 | | | | David Birkett |
| LEC 001 | 1471 | 173 / 150 | 19:00 - 21:50 | T,M,C | | David Birkett |
Fall 2001 [1019]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| | / | | | | |