Acerca de este Curso
4.7
197 calificaciones
20 revisiones

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Inglés (English)

Subtítulos: Inglés (English)

100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.

Aprox. 13 horas para completar

Inglés (English)

Subtítulos: Inglés (English)

Programa - Qué aprenderás en este curso

Semana
1
3 horas para completar

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 will then analyse the impact of combining assets into a portfolio upon both risk and return and then quantify the benefits from diversification by comparing performance against a suitable benchmark....
6 videos (Total 58 minutos), 7 readings, 2 quizzes
6 videos
1.0 Welcome and Introduction2m
1.1 Measuring stand-alone risk (Just the same old standard deviations)13m
1.2 Alternative attitudes towards risk (I don’t hate risk, I’m just averse to it...)13m
1.3 Portfolio Return and Risk (The more the merrier…)11m
1.4 Defining the Diversification Benefit (It’s All About the Eggs and Baskets...)14m
7 lecturas
Course Syllabus10m
Your Teaching Team10m
Week 1 Outline10m
Start of Course Survey10m
Resources10m
Social Media10m
Study Tools and Tips10m
2 ejercicios de práctica
Week 1 Practice Quiz - This quiz does not contribute to your final grade30m
Week 1 Graded Quiz - This quiz contributes 10% towards your final grade30m
Semana
2
2 horas para completar

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 link systematic risk with expected return and then discuss the empirical shortcomings of the model. This leads to a description of more advanced models and we conclude with a review of survey evidence that considers the approach taken by finance mangers of large listed firms in practice. ...
7 videos (Total 49 minutos), 1 reading, 2 quizzes
7 videos
2.1 Unsystematic versus Systematic Risk (Getting rid of unrewarded risk)13m
2.2 Capital Asset Pricing Model (It’s all about the discount rate)8m
2.3 Empirical Evidence of the Capital Asset Pricing Model (Testing the untestable...)10m
2.4 Multi-factor Models and Evidence from the Field (Risk factors – the more the merrier!)9m
Mid Course Check-in2m
A View from Industry with BNY Mellon1m
1 lectura
Week 2 Outline10m
2 ejercicios de práctica
Week 2 Practice Quiz - This quiz does not contribute to your final grade30m
Week 2 Graded Quiz - This quiz contributes 10% towards your final grade40m
Semana
3
2 horas para completar

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 hurdle rates and conclude with a warning about the perverse outcomes that might occur if the technique is used in a haphazard manner....
5 videos (Total 41 minutos), 1 reading, 2 quizzes
5 videos
3.1 Foundations of the WACC (Finance is so WACC!)11m
3.2 WACC and Debt (WACC-Owe!)11m
3.3 WACC and Equity (Share the WACC-iness)6m
3.4 Issues with WACC (To WACC or not to WACC..?)9m
1 lectura
Week 3 Outline10m
2 ejercicios de práctica
Week 3 Practice Quiz - This quiz does not contribute to your final grade30m
Week 3 Graded Quiz - This quiz contributes 10% towards your final grade40m
Semana
4
10 horas para completar

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 how decision trees might be used to arrive at an approximation of the value of the real option that is embedded within a project. We conclude by considering empirical evidence on the take-up of real options analysis and discuss the situations in which real options analysis might most be needed. ...
5 videos (Total 39 minutos), 4 readings, 4 quizzes
5 videos
4.1 The Problem with NPV (It always works… except when it doesn’t…)6m
4.2 Examples of Real Options in Practice (Is that an option in your project?)11m
4.3 Approximation of Real Option Values Using Decision Trees (Options do grow on trees!)9m
4.4 Empirical evidence and final points (Does anyone exercise their option to use real options?)8m
4 lecturas
Week 4 Outline10m
Academic Integrity10m
Where to From Here? The Next Step.10m
End of Course Survey10m
3 ejercicios de práctica
Week 4 practice quiz - This quiz does not contribute to your final grade30m
Week 4 graded quiz - This quiz contributes 10% towards your final grade30m
Course Final Exam - This quiz contributes 40% towards your final grade20m
4.7
20 revisionesChevron Right

Principales revisiones

por SMJul 24th 2018

the videos were very interesting though they were a bit longer as compared to the other courses, making this course more challenging

por SVNov 30th 2018

The content in this course is more interesting than that of the previous three. This was my favourite course in the specialization.

Instructores

Avatar

Paul Kofman

Dean, Faculty of Business and Economics
Sidney Myer Chair of Commerce
Avatar

Sean Pinder

Associate Professor
Faculty of Business and Economics

Acerca de Universidad de 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....

Acerca del programa especializado Essentials of Corporate Finance

You will gain a firm understanding of corporate finance, including accounting principles and financial analysis, how value is created by global markets, the choices firms face when making financial decisions and defining attitudes towards risk. The Specialization concludes with a Capstone project that allows you to apply the skills you've learned throughout the courses....
Essentials of Corporate Finance

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