AP EC 460/660: AGRICULTURAL FINANCE, Fall 2000

INSTRUCTOR:	Dr. Larry L. Bauer 228 Barre Hall 656-3223
E-MAIL:	lbauer@clemson.edu
OFFICE HOURS:	Tuesday and Thursday: 1:30-4:00 p.m. Call for appointment at any other time.
TIME & ROOM:	9:30-10:45 TTh, 217 Daniel Hall.
OBJECTIVES:	To demonstrate the use of the various tools and techniques of financial analysis. To identify and describe the role of credit in the farm business. To use the techniques of financial analysis to analyze the usefulness of credit under different conditions. To evaluate business risk and financial risk in agricultural businesses and to describe alternative methods of risk management.
TEXT:	Barry, Peter J., Paul N. Ellinger, John A. Hopkin, and C.B. Baker, Financial Management in Agriculture, Interstate Publishers, Inc., Danville, IL, fifth edition, 1995
REQUIREMENTS	Students are expected to have, and know how to use, a financial calculator. Suggested model: Hewlett-Packard HP-10B
COURSE OUTLINE:
	I. Nature and Scope of Financial Management (chapter 1)
	II. Investment Analysis (chapters 9, 10, and 11)
	III. Use and Cost of Credit (chapters 12, 13, and 14)
	IV. Financial Analysis, Planning, and Control (chapters 3, 4 &5)
	V. Capital Structure, leverage, and financial risk (chapters 2, and 6)
	VI. Liquidity and Credit (chapter 7)
	VII. Risk Management (chapter 8)
GRADE:
	Final letter grades in each case will be assigned by ranking numerical scores. There is no predetermined score for a specific letter grade. Letter grades are assigned based on the relativity of all numerical scores. Three exams 60% Final (Thursday, Dec. 14, 8-11 am) 20% Home Work 20%   100%
ATTENDANCE POLICY:
	Regular and punctual attendance at all class is the responsibility of each student. Attendance will not be checked on a daily basis. In the event absence from class is necessary, it is the responsibility of the student to make up any resulting deficiences. The instructor will inform the class in advance if he will not attend a particular class, in which case arrangements will be made for a substitute instructor or other alternatives. However, in case of an absence for which no advance arrangements have been maked, students are authorized to leave after a 10-minute wait.

Schedule (Tentative, subject to change)
Date		Topic
	Aug 24	Investment Analysis
	29	Investment Analysis
	31	Investment Analysis
	Sept 5	Investment Analysis
	7	Investment Analysis
	12	Investment Analysis
	14	Exam 1
	19	Use and Cost of Credit
	21	Use and Cost of Credit
	26	Use and Cost of Credit
	28	Use and Cost of Credit
	Oct 3	Use and Cost of Credit
	5	Exam 2
	10	Financial Analysis, Planning and Control
	12	Financial Analysis, Planning and Control
	17	Financial Analysis, Planning and Control
	19	Financial Analysis, Planning and Control
	24	Financial Analysis, Planning and Control
	26	Financial Analysis, Planning and Control
	31	Financial Analysis, Planning and Control
	Nov 2	Exam 3
	7	Fall Break
	9	Capital Structure, Leverage, and Financial Risk
	14	Capital Structure, Leverage, and Financial Risk
	16	Liquidity and Credit
	21	Risk Management
	23	Thanksgiving
	28	Risk Management
	30	Risk Management
	Dec 5	Risk Management
	7	????
	14	FINAL EXAMINATION, Thursday 1:00 - 4:00 p.m.

Academic Integrity Policy

Academic Dishonesty is defined as:

1. Giving, receiving or using unauthorized aid on any academic work;
2. Plagiarism, which includes the copying of language, structure, or ideas of another and attributing the work to one's own efforts;
3. Attempts to copy, edit, or delete computer files that belong to another person or use of Computer Center account numberes that belong to another person without the permission of the file owner, account owner or file number owner.

All academic work submitted for grading contains an implicit pledge by the student.

This is the proposed syllabus. The official syllabus is the copy distributed in class.

Fall 2000 Course List  Ag Econ Home

2000 by Larry L. Bauer, Department of Agricultural and Applied Economics, Clemson University, Clemson, SC.

updated 9/6/00