About this course: In this course, participants will develop an understanding of the intuitive foundations of asset and investment valuation, and how alternative valuation techniques may be used in practice. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon). View the MOOC promotional video here: http://tinyurl.com/h75pzt6

Created by: The University of Melbourne

Taught by: Paul Kofman, Dean, Faculty of Business and Economics
Sidney Myer Chair of Commerce
Taught by: Sean Pinder, Associate Professor
Faculty of Business and Economics

Basic Info	Course 4 of 5 in the Essentials of Corporate Finance Specialization.
Language	English
How To Pass	Pass all graded assignments to complete the course.
User Ratings	4.7 stars Average User Rating 4.7See what learners said

Syllabus

WEEK 1

Defining Attitudes Towards and Alternative Measures of Risk

This week we will define a statistical measure of stand-alone risk as being the standard deviation of returns. We will describe three alternative attitudes towards risk, settling on risk aversion as being the standard assumption made in financial markets. We w...

6 videos, 7 readings, 1 practice quiz

Graded: Week 1 Graded Quiz - This quiz contributes 10% towards your final grade

WEEK 2

Linking risk with expected return

This week we differentiate between systematic and unsystematic risk and explain how the expected returns that are reflected in the prices of assets should be linked to only one type of risk. We illustrate how the Capital Asset Pricing Model might be used to li...

7 videos, 1 reading, 1 practice quiz

Graded: Week 2 Graded Quiz - This quiz contributes 10% towards your final grade

WEEK 3

Using financial statement analysis to measure cost of capital

This week we will explain the logical underpinnings of the Weighted Average Cost of Capital Formula and show how it might be estimated in practice by a firm. We will also consider the many challenges that might be faced in using this approach to estimating hur...

5 videos, 1 reading, 1 practice quiz

Graded: Week 3 Graded Quiz - This quiz contributes 10% towards your final grade

WEEK 4

Addressing financial reality with real options analysis

This week we describe how standard NPV analysis might lead to incorrect decisions when we fail to account for the impact of (or upon) firm flexibility. We then describe the three most common types of real options that firms face in practice and then explain ho...

5 videos, 4 readings, 1 practice quiz

Graded: Week 4 graded quiz - This quiz contributes 10% towards your final grade

Graded: Course Final Exam - This quiz contributes 40% towards your final grade

Graded: Peer Assessment - This contributes 20% towards your final grade

FAQs

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Coursework

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Creators

The University of Melbourne

The University of Melbourne is an internationally recognised research intensive University with a strong tradition of excellence in teaching, research, and community engagement. Established in 1853, it is Australia's second oldest University.

Pricing

	Audit	Purchase Course
Access to course materials	Available	Available
Access to graded materials	Not available	Available
Receive a final grade	Not available	Available
Earn a shareable Course Certificate	Not available	Available

Ratings and Reviews

Rated 4.7 out of 5 of 141 ratings

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Exciting and very user-friendly!

This is an excellent course.

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Alternative Approaches to Valuation and Investment

Alternative Approaches to Valuation and Investment

Alternative Approaches to Valuation and Investment