This course will provide students with an overview of financial decision making within a firm, with a specific focus to firm in the tourism industry. The course focusses on decisions concerning how firms should raise funds in different forms, and how they should invest these funds in real assets. The first part of the course will deal with investment decisions, that is how to value investment projects, while the second part will consider how to finance these investments and how investment and financing decisions are related. In essence, the course is aimed at providing students with a thorough understanding of how financial decisions can create, destroy, or modify shareholder’s value.

By the end of this course, the student should have acquired
(1) Knowledge and understanding: Develop a consistent ability to analyze investment decisions and business financing with the aim of creating value for shareholders in touristic businesses.
(2) Applying knowledge and understanding: Use conceptual tools for the understanding and valuation of corporate decisions, as well as for the choice of capital allocation by investors.
(3) Making judgements: Based on modern corporate finance theories, develop the skills to evaluate the economic convenience of touristic businesses in terms of value creation.
(4) Communication skills: Acquire adequate problem-solving skills and analytical exposure of problems and related solutions.
(5) Learning skills: Acquire the skills necessary for the concrete application of the specific knowledge and skills acquired during the course.