London School of Economics (LSE)

This Debt Fundraising lesson uses the example of Blaine, a cash-rich kicthenware company, to tackle the implications of recapitalization, liquidity and share repurchase operations for companies. Share Buybacks, Leverage ratios, Interest Coverage, Default, Return on Equity, Leverage, Costs of Financial Distress Lesson 5/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Deb...

Financial Planning & short term capital management covers everything releated to Net Working Capital and Cash Conversion Cycle, and how these can be optimized via debt issuance and effective working capital policy. Using the case example of Bitmain Technologies, covering Working Capital ratios, Inventory concepts, net operating assets, free cash-flow. Lesson 4/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on f...

Debt & Tax Shields covers extensively the implications for a company of using debt as a source of funds, including when it is already highly leveraged (Debt Overhang) ; Tax Shields, Free Cash-Flow, Discounting, Leverage Ratio, Market Value Balance Sheets, Debt Covenants, Restructuring, Modigliani-Miller theorem Lesson 3/9: This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic De...

Debt & Equity covers all characteristics of Debt and Equity as source of funding for a company, both from a technical and strategic/business point of view. Cost of Equity, Cost of Debt, IRR, Cost of Capital, EPS, Modigliani-Miller theorem. Lesson 2/9 : This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Debt and Equity concepts, to expand towards the impact of Debt, Fundraisi...

Asset, Liabilities and Equity Basics provides an intro to basic Cashflow concepts (Sources and Uses of Funds) + a solid overview of Balance Sheets and Net Working capital technicalities using the example of Snap, Inc. Lesson 1/9 : This module is composed of 9 sections, and provides a full overview of corporate Capital Structure decisions and their impact on firm value. It starts by reviewing basic Debt and Equity concepts, to expand towards the impact of Debt, Fundraising and various capital...

These are the detailed notes that cover all of the examinable content for AC102, at which is usually tested. Back then, I had to study the course from scratch within 1 week, and achieved a first-class grade by using this set of notes. Given the recent changes in exam format in 2024/25, this set of notes will offer you the first glimpse into AC102, making sure that the 'guaranteed First' is always achievable. It is designed to be concise yet comprehensive, allowing you to focus on r...

This document provides comprehensive notes for EC3099 Industrial Economics, Units J and K, covering entry models and strategic entry deterrence. It begins with a review of dynamic games, Nash equilibrium, and subgame-perfect equilibrium, illustrated with the classic entry game. The notes then analyze free entry in Cournot models with fixed costs, showing the welfare trade-off between lower prices and excessive duplication of fixed costs. Extensions explore network effects and the coordination pr...

This document presents exam-focused notes for EC3099 Industrial Economics, Units H and I, covering static competition models rooted in game theory. It begins with a review of game theory fundamentals, including players, strategies, payoffs, and Nash equilibrium (both pure and mixed strategies). The Cournot competition model is developed in detail, with examples for duopolies and n-firm settings, reaction functions, equilibrium derivations, and welfare implications. The Bertrand model is introduc...

This document provides structured notes for EC3099 Industrial Economics, Units F and G, covering the theory and practice of price discrimination. It explains the necessary conditions, economic motivation, and types of discrimination (first-, second-, and third-degree) alongside real-world examples such as student discounts, subscription tiers, auctions, and airline pricing. Mathematical derivations, welfare effects, and optimal pricing rules are clearly presented, with extensions into two-part t...

This document provides detailed, exam-ready notes for EC3099 Industrial Economics, focusing on Units D and E. It covers the foundations of industrial organization, including the relationship between competition, market structure, and welfare, as well as the role of competition policy and regulation. Key models such as the Structure-Conduct-Performance paradigm, perfect competition, contestable markets, and monopoly pricing are explained with formulas, diagrams, and welfare analysis. The notes al...