Stefan Zeume
Assistant Professor of Finance
701 Tappan Street, #5468
Ann Arbor, MI 48109-1234

Courses taught in the Ross BBA Program:

FIN 300 Financial Management - An introduction to the issues, theory, and methodology that comprise a framework for rational decision-making by financial managers. The objective of this course is to use examples, problems, and cases to develop analytical ability and to illustrate the practical application of financial theory and analysis. Topics include present value analysis, capital budgeting, pricing financial assets, firm financial structure and the cost of capital, mergers and acquisitions, and security underwriting.

FIN 302 Making Financial Decisions - Financial analysis provides a structure to estimate and compare the costs and benefits of decisions made in both our personal lives and within an organization, such as a firm. Students taking this course will develop a foundational understanding of rational decision-making using financial analysis and the ability to apply that framework to make personal investing decisions, allocate capital within an organization or firm, and to determine the value of a firm or any asset that produces cash flow. Students will also learn how to assess risk. Understand the relationship between risk and return when investing as well as gain a general understanding of financial markets. This course will utilize extensive examples, problem solving, and case studies both in class and in smaller discussion sections.

Courses taught in the Ross MBA Program:

FIN 503 Financial Management - The course is primarily devoted to the principles of financial valuation. We will first discuss the concept of present value in extensive detail, and then apply the principles of valuation to value (a) real projects (or what is commonly referred to as capital budgeting) and (b) financial securities (stocks and bonds) under certainty. Since financial decision-making virtually always involves risk & uncertainty, we will then introduce the concept of risk, and the relation between risk & return. We will integrate our knowledge of cash flows with our understanding of risk to modify capital budgeting techniques in the presence of risk & uncertainty. The course concludes with an introductory treatment of the effects of financing on capital budgeting decisions. Although the concepts of competitive capital markets and market efficiency will not be covered in a separate session, they will be woven in the fabric of the course.