A. Craig MacKinlay
Joseph P. Wargrove Professor of Finance
Research Interests: asset pricing models, behavior of futures prices, econometric modeling, market microstructure, mutual fund performance., stock market behavior
FNCE100 - Corporate Finance
This course provides an introduction to the theory, the methods, and the concerns of corporate finance. The concepts developed in FNCE 100 form the foundation for all elective finance courses. The main topics include: 1) the time value of money and capital budgeting techniques; 2) uncertainty and the trade-off between risk and return; 3) security market efficiency; 4) optimal capital structure, and 5) dividend policy decisions. During the fall semester there are honors sections of FNCE 100 offered. The seats in the honors sections are awarded through an application process. Please go to https://fnce.wharton.upenn.edu/programs/course-applications/ for additional information.
FNCE399 - Supervised Study in Finance
Integrates the work of the various courses and familiarizes the student with the tools and techniques of research.