In Debt, we take on one of the most challenging financial questions that remains unresolved: How much to borrow? We start by demonstrating why using debt has always been and continues to be a great temptation, particularly when borrowing costs are historically low. We identify conditions for selecting the optimal amount of debt for a corporation looking to maximize its value. You’ll become fluent in related concepts like norms and benchmarks. You will explore these and other factors that influence debt for individuals and for public sector organizations -including governments, who are the largest consumers of debt. Like pollution, debt creates systemic risks even for the people and organizations that don’t create it. This course discusses the imperative of limiting and reducing debt and the costs to all of us if we don’t. We build on case based learning giving you opportunities to interpret, uncover and acquire financial information that is often hidden or missing. We also summarize important threads from previous courses to give you a deep and cohesive understanding of when debt works for you and when it becomes your worst enemy.
Ce cours fait partie de la Spécialisation Finance for Everyone
Finance for Everyone: Debt
proposé par
Programme du cours : ce que vous apprendrez dans ce cours
Semaine
1Welcome & Personal Debt
Welcome! This first week will introduce you to a critical question for our time: how much debt is too much debt? We start by demonstrating why using debt has always been and continues to be a great temptation, particularly when borrowing costs are historically low. Then we’ll delve into Personal Debt and how building your financial literacy as well as tapping into your own motivations can help you manage your debt level, instead of it managing you. You will make connections between Debt and concepts in the prior three courses of this Specialization, and start examining what area of debt from your experiences that you would like to address as part of this course’s final assignment.
5 vidéos (Total 50 min), 5 lectures, 4 quiz
5 vidéos
Course Introduction Part II: When Giving In to Temptation Becomes the Norm9 min
Personal Debt Part I: Debt & Financial Literacy17 min
Personal Debt Part II: Reading the Signs of 2007 and Today6 min
Personal Debt Part III: Common Types & Taking Stock8 min
5 lectures
F4E Specialization Snapshot10 min
Course Outline10 min
Where are Our Learners From?10 min
Keeping a Learning Portfolio10 min
Introduction to Final Assignment: Choose Your Own Debt Case Study10 min
4 exercices pour s'entraîner
Learner Introduction Survey14 min
Practice Quiz: Personal Debt6 min
Personal Debt12 min
Making a Difference 12 min
Semaine
2Corporate Debt
This week we will look at Corporate Debt and how this type of debt has significant advantages over equity under certain conditions. Taking a critical yet realistic lense, we’ll explore how debt favours and benefit firms who use it as financial leverage aimed at increasing a firm’s value, while impressing an understanding of why this is an advantage only during times of growth. We’ll also tap into each other’s thoughts on how this type of debt could influence our own investing decisions
2 vidéos (Total 51 min), 2 lectures, 4 quiz
2 vidéos
Firm Debt Part 2: Theorizing How Much to Borrow24 min
2 lectures
LearnSmart - what it is and how to use it10 min
LearnSmart Chapter 16: Financial Leverage and Capital Structure Policy10 min
4 exercices pour s'entraîner
Practice Quiz: Firm Debt Part 16 min
Practice Quiz: Firm Debt Part 26 min
Firm Debt12 min
Making a Difference in Week 22 min
Semaine
3Government Debt
This week we’ll move beyond the personal and corporate to the bigger picture of Government Debt. We’ll collectively understand why a measure of debt is often a requirement to grow national wealth. But, we’ll also discuss how this ‘measure’ of debt has become a ‘monolith’ of debt in many instances around the globe. The key aspect that we’ll work together to uncover is how this impacts you and the people and places surrounding you, and consider how we might plan and react to finding ourselves at an economic turning point in our history. This week will also be the launch of our peer review activity around your debt case study.
2 vidéos (Total 23 min), 4 quiz
2 vidéos
Sovereign Debt Part II: The Big Picture10 min
3 exercices pour s'entraîner
Practice Quiz: Sovereign Debt Parts I & II6 min
Sovereign Debt12 min
Making a Difference 32 min
Semaine
4Debt Synthesis
Week 4 is the time to synthesize all that we have learned about debt - from our personal experiences, the state of corporations as well as the current level of government debt, and scrutinize and address it in a way that will increase your debt literacy. You will also reexamine your debt case study and share your biggest takeaways from the course, and look ahead to F4E: Capstone!
1 vidéo (Total 16 min), 1 quiz
1 vidéo
Course 4 Epilogue16 min
1 exercice pour s'entraîner
End of Course Feedback24 min
Enseignant
Arshad Ahmad
ProfessorDeGroote School of Business
À propos de McMaster University
Founded in 1887, McMaster University is committed to creativity, innovation, and excellence by inspiring critical thinking, personal growth, and a passion for learning. Ranked amongst the Top 100 universities in the world, McMaster pioneered a learner-centred, problem-based, interdisciplinary approach to learning that is now known worldwide as the “McMaster Model”.
À propos de la Spécialisation Finance for Everyone
Watch this intro video to learn more about the Specialization curriculum and Capstone Project!
The Finance for Everyone Specialization will help you learn the language of finance and understand how the flow of money relates to the most important key social issues influencing our lives and communities. You’ll examine the connections between global and local finance; the flow of assets through businesses, governments, and other institutions; and the commodity, bond, and equity market dynamics that create and destroy financial value. When you complete the Specialization, you’ll be able to better understand both global financial news and your own personal financial decisions.
Foire Aux Questions
Quand aurai-je accès aux vidéos de cours et aux devoirs ?
Une fois que vous êtes inscrit(e) pour un Certificat, vous pouvez accéder à toutes les vidéos de cours, et à tous les quiz et exercices de programmation (le cas échéant). Vous pouvez soumettre des devoirs à examiner par vos pairs et en examiner vous-même uniquement après le début de votre session. Si vous préférez explorer le cours sans l'acheter, vous ne serez peut-être pas en mesure d'accéder à certains devoirs.
À quoi ai-je droit si je m'abonne à cette Spécialisation ?
Lorsque vous vous inscrivez au cours, vous bénéficiez d'un accès à tous les cours de la Spécialisation, et vous obtenez un Certificat lorsque vous avez réussi. Votre Certificat électronique est alors ajouté à votre page Accomplissements. À partir de cette page, vous pouvez imprimer votre Certificat ou l'ajouter à votre profil LinkedIn. Si vous souhaitez seulement lire et visualiser le contenu du cours, vous pouvez accéder gratuitement au cours en tant qu'auditeur libre.
Quelle est la politique de remboursement ?
Une aide financière est-elle possible ?
What will I be able to do upon completing the course?
By the end of this course, you should be able to:
1. Explain ways in which debt can be useful or detrimental to the individual, the company, and the country.
2. Relate important financial concepts and issues to experiences in your daily life or the real world.
3. Perform financial calculations with accuracy.
4. Build confidence in your ability to manage debt.
5. Engage in research in order to increase your knowledge of particular financial issues/scenarios.
6. Engage with news, issues, and communities that matters to you, inclusive of concepts of finance and debt.
7. Assess finance issues (ex. the debt position of a given entity) with confidence.
8. Analyze how financial concepts are applied by organizations.
How long does it take to complete this course?
The course is structured to be 4 weeks in length.
How often is this course offered?
This course will be offered every month.
What background knowledge is necessary?
No previous knowledge is required. It is recommended that learners have basic mathematics knowledge.
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