Deals I

Catalog description

This course applies economic concepts to the practice of structuring business transactions. The course extends over two quarters. In the Winter quarter it will meet three hours per week. In the Spring quarter, it will meet ONLY FOR SIX WEEKS for four hours per week--for 3 units of course credit. During those six weeks, the course will meet on Tuesday and Thursday. Exactly which six weeks the course will meet will be announced during the Winter quarter. This will involve scheduling with outside guests, but I will make every effort to schedule those six weeks early in the quarter. Students enrolled in the course must take both quarters. All of the first quarter will be spent in a traditional classroom setting but with untraditional materials. Much of the course material will consist of case studies of business transactions (and no case law). We will use those case studies to analyze the economics underlying a wide range of business transactions and the contractual terms and structures used to respond to underlying economic challenges. During the second quarter, we will explore deals in greater detail by studying five complex transactions in full. For this part of the course, students will be divided into groups and will be assigned one of the five deals. Each group will give a presentation of its deal to the class, and in the following class, a lawyer, banker or other participant in the deal will come to class to present the deal based on his or her experience. We study five new deals each year. Deals we have studied over the years have included movie financings, biotech alliances, venture capital financings, cross-border joint ventures, private equity investments, corporate reorganizations, and more. Special Instructions: Students who have not taken the course in the Winter cannot register for it in the Spring, and those who took it in the Winter must register for it…