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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Spécialisation Foundational Finance for Strategic Decision MakingUniversité du MichiganÀ propos de ce cours
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Cours 4 sur 4 dans le
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Niveau débutant
An exposure to algebra and statistics and an introductory understanding of time value of money (TVM)
Approx. 22 heures pour terminer
Anglais
Sous-titres : Anglais
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
Certificat partageable
Obtenez un Certificat lorsque vous terminez
100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Cours 4 sur 4 dans le
Dates limites flexibles
Réinitialisez les dates limites selon votre disponibilité.
Niveau débutant
An exposure to algebra and statistics and an introductory understanding of time value of money (TVM)
Approx. 22 heures pour terminer
Anglais
Sous-titres : Anglais
Offert par
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.
Programme du cours : ce que vous apprendrez dans ce cours
9 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.
9 heures pour terminer
7 vidéos (Total 85 min), 4 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
4 lectures
Specialization Syllabus45 min
Course 4-Syllabus30 min
Note-Review of Statistics2 h
Pre-Course Survey 10 min
2 exercices pour s'entraîner
Practice Assignment 12 h
Assignment 12 h
5 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.
5 heures pour terminer
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 Statistics1 h
2 exercices pour s'entraîner
Practice Assignment 21 h
Assignment 21 h
2 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.
2 heures pour terminer
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
6 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.
6 heures pour terminer
1 vidéo (Total 15 min), 1 lecture, 2 quiz
1 vidéo
1 lecture
Post-Course Survey10 min
2 exercices pour s'entraîner
Practice Final Assignment3 h
Final Assignment3 h
Avis
Meilleurs avis pour RISK, RETURN & VALUATION
par SK20 mai 2020
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.
par SD25 mai 2020
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
par FK25 avr. 2020
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
par MR1 avr. 2020
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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