Corporate Finance I provides an introduction to the theory of corporate finance and financial intermediation. Some topics in corporate finance include capital structure, security design, security issuance, incomplete financial contracts and corporate control. Topics related to financial intermediation (banking) include financial crises, the role of liquidity creation and the choice of debt maturity for firms and financial intermediaries.

Econ 30100, Econ 30200, & Econ 30300: strict. Econ 30300 can be replaced by Bus 33911 (Prof Harris). Bus 33911 can be taken concurrently with 34903. BUSN 34903=ECON 35070.

Grades will be based on problem sets, referee reports and a final examination.