Introductory description

N/A.

Module web page

Module aims

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

• The rise in the importance of entrepreneurship: entrepreneurial markets and the history of economic thought on entrepreneurship.
• The determinants of enterprise performance: theory and evidence on new venture start-up, survival, growth and exit.
• Investment finance for new ventures.
• What venture capitalists do and how they add value to ventures.
• How venture capitalists choose and evaluate business ventures.
• Why do governments intervene to address market failure in the provision of fmance for small firms? Is there a systemic market failure or is it restricted to 'groups' or 'types' of capital? What does government actually do?
• The impact of intervention by government: assessing the impact policy.
• Summary & course overview.

Learning outcomes

By the end of the module, students should be able to:

• Understand the role and impact of access to finance on the performance of new ventures.
• Appreciate the rise in the importance of entrepreneurial markets and the history of economic thought on entrepreneurship.
• Understanding core economics and financial economics relating to new venture performance.
• Identify the sources of finance available eg loans , the various equity markets and government funding for new enterprise andcritically evaluate these.
• Apply the analysis covered on the course to a number of genuine case studies.
• Ability to recall and select relevant information.
• Analytical and logical reasoning abilities.
• Ability to evaluate information and draw a valid conclusion.
• Ability to understand issues from different perspectives.

Indicative reading list

Reading lists can be found in Talis

Subject specific skills

Analyse and evaluate the theory , evidence and practice relating to new venture financial markets.
Demonstrate a deep analytical understanding of how new venture financial markets operate.
Compare and consider how firms in the various financial sectors screen and evaluate new ventures for loan applications.
Provide financial screening and evaluation to a case study of a new venture.
Apply these specific knowledge and utilise these specialist skills in a direct and practical manner upon entering any of the new venture financial markets.

Transferable skills

Demonstrate written, mathematical and verbal communication skills.
Utilise and develop numeric and non-numeric skills.
Convey their understanding using an array of these forms of communication.