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Corporate Finance (304-0-20)

Instructors

Erez Levy
847/491-3562
erez.levy@kellogg.northwestern.edu
Office Hours: By Appointment
Erez Levy’s research and teaching interests are in the fields of empirical corporate finance and investments (In particular Fintech). His recent work covers a variety of topics such as the impact of investment horizon on investment decision and the effects of inversion. Professor Levy received his Ph.D. in Finance from Tel Aviv University. He also holds a B.A. in Economics, LL.B., and an M.B.A. Professor Levy received the Tel Aviv University Provost’s award for excellence in teaching in 2016 and received the Outstanding Professor of the Year award from the Coller School of Management, Tel Aviv University, in 2017-2020."

Meeting Info

555 Clark B01: Tues, Thurs 9:30AM - 10:50AM

Overview of class

*INFORMATION IS SUBJECT TO CHANGE*

The instructor of this course is Erez Levy.

Corporate Finance covers managers' and investors' most fundamental finance decision: how to value a project or an asset. Managers must determine the value of building a factory, entering a new market, or purchasing an entire firm, when deciding in which projects to invest. Similarly, individuals must assess the value of financial securities to decide how to invest their wealth. Corporate Finance teaches methods for valuing projects or assets. These valuation tools lay the foundation for all work in capital markets and corporate finance.

Registration Requirements

Prerequisites: ECON 201, 202, STAT 210 or equivalent, MATH 212 or 220, BUS INST 301.
Students may not receive credit for both this course and ECON 360-1. Not for students who have previously taken KELLG_FE 310-0.

Evaluation Method

Your grade in the course will be based on the maximum of the following two options:

  • Option A

    • Case Memos: 20%

    • Midterm Exam: 25%

    • Final Exam: 45%

    • Peer Review: 5%

    • Class Participation: 5%

    • Total: 100%

  • Option B

    • Case Memos: 20%

    • Midterm Exam: 0%

    • Final Exam: 70%

    • Peer Review: 5%

    • Class Participation: 5%

    • Total:100%

Class Materials (Required)

There will be a study.net course packet available for purchase online. Approximate cost will be: $20

Lecture slides, topic videos, cases, and readings as assigned. Lecture slides, video links, and readings
will be posted on the course website. Cases will be distributed via the Study.Net link on Canvas.
All course materials are the intellectual property of the instructor. You may not distribute class materials
electronically or in any form to anyone - inside or outside of Northwestern. In particular, you may not
share course materials with other students or with your employers after graduating.

Class Materials (Suggested)

Please check with the professor for more information regarding the textbook.

Title: CORPORATE FINANCE
Edition: 6
Author: Berk & DeMarzo
ISBN: 9780137844906
Publisher: PEARSON
Estimated Price (eBook): $10.99/mo
Recommended, but optional.

https://www.pearson.com/en-us/subject-catalog/p/corporate-finance/P200000009791/9780137844906

Class Notes

This class does not have a wait list and we do not issue permissions to exceed enrollment capacity. If the class fills up before your registration time, we suggest checking CAESAR regularly for an available seat. Roster changes frequently occur during the first two weeks of registration and just before the start of a new quarter.

For more information about the course, please refer to the sample syllabus on the Kapnick Center website: https://businessinstitutions.northwestern.edu/courses/course-descriptions/index.html

*IMPORTANT DATES for FALL 2025:

  • First Day: Tuesday, September 16

  • Midterm Exam: Tuesday, October 21

  • Last Day of Class: Thursday, November 20

  • Final Exam: Monday, 12/08/2025: 12PM-2PM (regular final exam schedule)
 
Please plan accordingly, as the exam date cannot be rescheduled. If you cannot be at the exam, you may take the course in a different quarter.


*PLEASE READ: IF BUS_INST 304 ENROLLMENT IS CLOSED: We are unable to exceed the course capacity and there are no wait lists for BUS_INST courses. There is usually some attrition to the course roster during the week of registration and right before a new quarter starts - please check CAESAR periodically to see if a seat in class becomes available.

Enrollment Requirements

Enrollment Requirements: Prerequisite: Students must have credit for ECON 201, ECON 202, STAT 210, MATH 218-1 or 220-1, and BUS_INST 301, or equivalent courses. Students that previously took KELLG_FE 310-0 may not register for this course.

Associated Classes

DIS - Tech Institute Lecture Room 3: Tues 5:00PM - 5:50PM