This course is an introduction to the notion of risk, its relation to return, and the valuation of projects and companies. This is a capstone course to help you value projects and companies by applying your understanding of time value of money (TVM) and cash flows developed in the first three courses of this specialization. This course is part of a specialization titled “Foundational Finance for Strategic Decision Making” and is helpful if you are interested in applying to an MBA degree program or learning the foundations of finance to be more effective in your career.
Ce cours fait partie de la Spécialisation Foundational Finance for Strategic Decision Making
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À propos de ce cours
An exposure to algebra and statistics and an introductory understanding of time value of money (TVM)
Ce que vous allez apprendre
To enable you to understand and calculate the risk and return of a project
Valuing projects and companies
Compétences que vous acquerrez
An exposure to algebra and statistics and an introductory understanding of time value of money (TVM)
Offert par

Université du Michigan
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Programme du cours : ce que vous apprendrez dans ce cours
week 1: What is Risk?
This course deals with the determination of the discount rate we have used in all previous courses to value projects, bonds and stocks. Combined with cash flows, the discount rate captures all aspects of financial valuation that is the main goal of this specialization and course. In the first week, we will try and understand risk as perceived by humans and develop a measure that is powerful and intuitive. Since this topic requires both art and science of finance, we will have three assignments in this course.
Week 2: Diversification, Risk & Return
During this second week of the course, we will introduce one of the most powerful and intuitive model of modern finance - the Capital Asset Pricing Model (CAPM) - that forms the basis of our understanding of the relation between risk and return.
week 3: Leverage, WACC & Valuation
During this week, we will understand the discount rate in a world where a company has both equity ad debt. This will require us to evaluate the impact of debt (also known as leverage) on the equity holders of the firm. We will develop the weighted average cost of capital. Finally, we will put together cash flows and WACC and get our first exposure to valuation with a full-blown application.
Week 4: Putting it All Together!
This is the last week of this course and the specialization. We therefore wrap things up by providing some real world twists and a final assignment that evaluates your ability to put everything together.
Avis
Meilleurs avis pour RISK, RETURN & VALUATION
Excellent introduction to corporate finance and some of the basics around the cost of capital and the capital asset pricing model. Professor Kaul was very good and kept things interesting.
I would like to thank Professor Gautam Kaul as the content of the videos shows how much pain you took personally so that we can understand it in a better way
This is the best course I have done in a while, I want to learn more from this professor. This has been better than anything there on Netflix
Mega example in week 3 is the highlight of the entire course it covered every aspect of the course and explained properly.
À propos du Spécialisation Foundational Finance for Strategic Decision Making
Understand and apply the foundational principles of finance to most business problems and strategies. This integrated set of courses focuses on both the theory and practice of financial decision-making through an applied lens. Ideal for learners seeking to advance their career and/or pursue a business degree, such as a Master of Business Administration (MBA) degree, a great understanding of foundational concepts in finance will help you to understand the principles of personal finance and investing. After successful completion of the four-course program, you will be equipped to make thoughtful decisions based on a framework built using multiple advances in modern financial theory.

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