The focus is on financial decisions of the firm and the consumer. The two main tasks of financial management, investment choices and financing choices, are examined with emphasis on separation of the investment decision and the owners' consumption decisions, on net present value in capital budgeting, and on capital structure. The course examines choices of portfolios by consumers and how these choices lead to equilibrium opportunity rates.

EXCLUSIONS - No more than one course from COMM 221 or COMM 621 or EMPR 280. No more than 6.0 units from any COMM 200-level course.

This course is restricted to students enrolled in the 2nd year or greater of their program (excludes Commerce). CIB students may enroll in COMM 221 under their home degree, or COMM 621 under CIB certificate program.