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.
The pedagogy of the course is applied and problem-based with assignments covering every part of the course that each contain multiple problems that, by design, are introductory and simpler than the more real-world applications you will confront in the real world and more advanced courses. The assignments are all designed by the faculty lead and machine graded.
Ce cours fait partie de la Spécialisation Foundational Finance for Strategic Decision Making
Risk, Return & Valuation
proposé par
À propos de ce cours
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
Calculating the return of a projectCalculating the risk of a projectValuing ProjectsValuing Companies
Programme du cours : ce que vous apprendrez dans ce cours
Semaine
19 heures pour terminer
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.
7 vidéos (Total 85 min), 3 lectures, 2 quiz
7 vidéos
1.1 Why Risk & Return?12 min
1.2 Valuation & Risk Estimation11 min
1.3 What is Risk?13 min
1.4 Statistics: Mean & Variance18 min
1.5 Statistics: Covariance & Correlation13 min
1.6 Statistics: Regression13 min
3 lectures
Specialization Syllabus45 min
Course 4-Syllabus30 min
Note-Review of Statisticss
2 exercices pour s'entraîner
Practice Assignment 1s
Assignment 1s
Semaine
25 heures pour terminer
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.
7 vidéos (Total 134 min), 1 lecture, 2 quiz
7 vidéos
2.2 Diversification: 2 Assets24 min
2.3 Diversification: Two Assets Intuition10 min
2.4 Diversification: Bottom Line20 min
2.5 Measure of Risk: Beta17 min
2.6 Risk & Return: CAPM18 min
2.7 Risk & Return: Market Analysis16 min
1 lecture
Note-Review of Statisticss
2 exercices pour s'entraîner
Practice Assignment 2s
Assignment 2s
Semaine
32 heures pour terminer
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.
16 vidéos (Total 99 min)
16 vidéos
3.2 Leverage & Risk14 min
3.3 Leverage & WACC9 min
3.4 Valuation : Mega Example Set Up15 min
3.5 Mega Example: Question 12 min
3.6 Mega Example: Question 1 Analysis5 min
3.7 Mega Example: Question 254s
3.8 Mega Example: Question 2 Analysis5 min
3.9 Mega Example: Question 31 min
3.10 Mega Example: Question 3 Analysis4 min
3.11 Mega Example: Question 41 min
3.12 Mega Example: Question 4 Analysis7 min
3.13 Mega Example: Question 5 & Analysis3 min
3.14 Mega Example: Question 61 min
3.15 Mega Example: Question 6 Analysis4 min
3.16 Mega Example: Question 7 & Analysis6 min
Semaine
46 heures pour terminer
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.
1 vidéo (Total 15 min), 2 quiz
1 vidéo
2 exercices pour s'entraîner
Practice Final Assignments
Final Assignments
Enseignant
Gautam Kaul
Professor of Finance & Fred M. Taylor Professor of Business AdministrationRoss School of Business
À propos de Université du Michigan
The mission of the University of Michigan is to serve the people of Michigan and the world through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values, and in developing leaders and citizens who will challenge the present and enrich the future.
À propos de la 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.
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.
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