Informações sobre o curso
4.7
185 classificações
17 avaliações
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...
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cursos 100% online

Comece imediatamente e aprenda em seu próprio cronograma.
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Prazos flexíveis

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Approx. 13 hours to complete

Sugerido: 4 hours/week...
Comment Dots

English

Legendas: English...
Globe

cursos 100% online

Comece imediatamente e aprenda em seu próprio cronograma.
Calendar

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.
Clock

Approx. 13 hours to complete

Sugerido: 4 hours/week...
Comment Dots

English

Legendas: English...

Programa - O que você aprenderá com este curso

Week
1
Clock
3 horas para concluir

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....
Reading
6 vídeos (Total de 58 min), 7 leituras, 2 testes
Video6 videos
1.0 Welcome and Introduction2min
1.1 Measuring stand-alone risk (Just the same old standard deviations)13min
1.2 Alternative attitudes towards risk (I don’t hate risk, I’m just averse to it...)13min
1.3 Portfolio Return and Risk (The more the merrier…)11min
1.4 Defining the Diversification Benefit (It’s All About the Eggs and Baskets...)14min
Reading7 leituras
Course Syllabus10min
Your Teaching Team10min
Week 1 Outline10min
Start of Course Survey10min
Resources10min
Social Media10min
Study Tools and Tips10min
Quiz2 exercícios práticos
Week 1 Practice Quiz - This quiz does not contribute to your final grade30min
Week 1 Graded Quiz - This quiz contributes 10% towards your final grade30min
Week
2
Clock
2 horas para concluir

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. ...
Reading
7 vídeos (Total de 49 min), 1 leitura, 2 testes
Video7 videos
2.1 Unsystematic versus Systematic Risk (Getting rid of unrewarded risk)13min
2.2 Capital Asset Pricing Model (It’s all about the discount rate)8min
2.3 Empirical Evidence of the Capital Asset Pricing Model (Testing the untestable...)10min
2.4 Multi-factor Models and Evidence from the Field (Risk factors – the more the merrier!)9min
Mid Course Check-in2min
A View from Industry with BNY Mellon1min
Reading1 leituras
Week 2 Outline10min
Quiz2 exercícios práticos
Week 2 Practice Quiz - This quiz does not contribute to your final grade30min
Week 2 Graded Quiz - This quiz contributes 10% towards your final grade40min
Week
3
Clock
2 horas para concluir

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....
Reading
5 vídeos (Total de 41 min), 1 leitura, 2 testes
Video5 videos
3.1 Foundations of the WACC (Finance is so WACC!)11min
3.2 WACC and Debt (WACC-Owe!)11min
3.3 WACC and Equity (Share the WACC-iness)6min
3.4 Issues with WACC (To WACC or not to WACC..?)9min
Reading1 leituras
Week 3 Outline10min
Quiz2 exercícios práticos
Week 3 Practice Quiz - This quiz does not contribute to your final grade30min
Week 3 Graded Quiz - This quiz contributes 10% towards your final grade40min
Week
4
Clock
10 horas para concluir

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. ...
Reading
5 vídeos (Total de 39 min), 4 leituras, 4 testes
Video5 videos
4.1 The Problem with NPV (It always works… except when it doesn’t…)6min
4.2 Examples of Real Options in Practice (Is that an option in your project?)11min
4.3 Approximation of Real Option Values Using Decision Trees (Options do grow on trees!)9min
4.4 Empirical evidence and final points (Does anyone exercise their option to use real options?)8min
Reading4 leituras
Week 4 Outline10min
Academic Integrity10min
Where to From Here? The Next Step.10min
End of Course Survey10min
Quiz3 exercícios práticos
Week 4 practice quiz - This quiz does not contribute to your final grade30min
Week 4 graded quiz - This quiz contributes 10% towards your final grade30min
Course Final Exam - This quiz contributes 40% towards your final grade20min
4.7

Melhores avaliações

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 GGFeb 6th 2016

The pinnacle of all of the course. Overall, the structure is very well established from course 1-4 in the specialization.

Instrutores

Paul Kofman

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

Sean Pinder

Associate Professor
Faculty of Business and Economics

Sobre 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....

Sobre o Programa de cursos integrados 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

Perguntas Frequentes – FAQ

  • Ao se inscrever para um Certificado, você terá acesso a todos os vídeos, testes e tarefas de programação (se aplicável). Tarefas avaliadas pelos colegas apenas podem ser enviadas e avaliadas após o início da sessão. Caso escolha explorar o curso sem adquiri-lo, talvez você não consiga acessar certas tarefas.

  • Quando você se inscreve no curso, tem acesso a todos os cursos na Especialização e pode obter um certificado quando concluir o trabalho. Seu Certificado eletrônico será adicionado à sua página de Participações e você poderá imprimi-lo ou adicioná-lo ao seu perfil no LinkedIn. Se quiser apenas ler e assistir o conteúdo do curso, você poderá frequentá-lo como ouvinte sem custo.

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