このコースについて
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約13時間で修了

英語

字幕:英語

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自分のスケジュールですぐに学習を始めてください。

柔軟性のある期限

スケジュールに従って期限をリセットします。

約13時間で修了

英語

字幕:英語

シラバス - 本コースの学習内容

1
3時間で修了

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件のビデオ (合計58分), 7 readings, 2 quizzes
6件のビデオ
1.0 Welcome and Introduction2 分
1.1 Measuring stand-alone risk (Just the same old standard deviations)13 分
1.2 Alternative attitudes towards risk (I don’t hate risk, I’m just averse to it...)13 分
1.3 Portfolio Return and Risk (The more the merrier…)11 分
1.4 Defining the Diversification Benefit (It’s All About the Eggs and Baskets...)14 分
7件の学習用教材
Course Syllabus10 分
Your Teaching Team10 分
Week 1 Outline10 分
Start of Course Survey10 分
Resources10 分
Social Media10 分
Study Tools and Tips10 分
2の練習問題
Week 1 Practice Quiz - This quiz does not contribute to your final grade30 分
Week 1 Graded Quiz - This quiz contributes 10% towards your final grade30 分
2
2時間で修了

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件のビデオ (合計49分), 1 reading, 2 quizzes
7件のビデオ
2.1 Unsystematic versus Systematic Risk (Getting rid of unrewarded risk)13 分
2.2 Capital Asset Pricing Model (It’s all about the discount rate)8 分
2.3 Empirical Evidence of the Capital Asset Pricing Model (Testing the untestable...)10 分
2.4 Multi-factor Models and Evidence from the Field (Risk factors – the more the merrier!)9 分
Mid Course Check-in2 分
A View from Industry with BNY Mellon1 分
1件の学習用教材
Week 2 Outline10 分
2の練習問題
Week 2 Practice Quiz - This quiz does not contribute to your final grade30 分
Week 2 Graded Quiz - This quiz contributes 10% towards your final grade40 分
3
2時間で修了

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件のビデオ (合計41分), 1 reading, 2 quizzes
5件のビデオ
3.1 Foundations of the WACC (Finance is so WACC!)11 分
3.2 WACC and Debt (WACC-Owe!)11 分
3.3 WACC and Equity (Share the WACC-iness)6 分
3.4 Issues with WACC (To WACC or not to WACC..?)9 分
1件の学習用教材
Week 3 Outline10 分
2の練習問題
Week 3 Practice Quiz - This quiz does not contribute to your final grade30 分
Week 3 Graded Quiz - This quiz contributes 10% towards your final grade40 分
4
10時間で修了

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件のビデオ (合計39分), 4 readings, 4 quizzes
5件のビデオ
4.1 The Problem with NPV (It always works… except when it doesn’t…)6 分
4.2 Examples of Real Options in Practice (Is that an option in your project?)11 分
4.3 Approximation of Real Option Values Using Decision Trees (Options do grow on trees!)9 分
4.4 Empirical evidence and final points (Does anyone exercise their option to use real options?)8 分
4件の学習用教材
Week 4 Outline10 分
Academic Integrity10 分
Where to From Here? The Next Step.10 分
End of Course Survey10 分
3の練習問題
Week 4 practice quiz - This quiz does not contribute to your final grade30 分
Week 4 graded quiz - This quiz contributes 10% towards your final grade30 分
Course Final Exam - This quiz contributes 40% towards your final grade1 時間 20 分
4.7
20件のレビューChevron Right

Alternative Approaches to Valuation and Investment からの人気レビュー

by 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

by 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.

講師

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Paul Kofman

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

Associate Professor
Faculty of Business and Economics

メルボルン大学(The University of Melbourne)について

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....

Essentials of Corporate Financeの専門講座について

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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