About this Course
4.7
30 ratings
2 reviews
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 5 hours to complete

Suggested: 4 weeks of study, 1-2 hours/week...
Available languages

English

Subtitles: English
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 5 hours to complete

Suggested: 4 weeks of study, 1-2 hours/week...
Available languages

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
Hours to complete
2 hours to complete

Welcome & Personal Debt

Welcome! This first week will introduce you to a critical question for our time: how much debt is too much debt? We start by demonstrating why using debt has always been and continues to be a great temptation, particularly when borrowing costs are historically low. Then we’ll delve into Personal Debt and how building your financial literacy as well as tapping into your own motivations can help you manage your debt level, instead of it managing you. You will make connections between Debt and concepts in the prior three courses of this Specialization, and start examining what area of debt from your experiences that you would like to address as part of this course’s final assignment....
Reading
5 videos (Total 50 min), 5 readings, 4 quizzes
Video5 videos
Course Introduction Part II: When Giving In to Temptation Becomes the Norm9m
Personal Debt Part I: Debt & Financial Literacy17m
Personal Debt Part II: Reading the Signs of 2007 and Today6m
Personal Debt Part III: Common Types & Taking Stock8m
Reading5 readings
F4E Specialization Snapshot10m
Course Outline10m
Where are Our Learners From?10m
Keeping a Learning Portfolio10m
Introduction to Final Assignment: Choose Your Own Debt Case Study10m
Quiz4 practice exercises
Learner Introduction Survey14m
Practice Quiz: Personal Debt6m
Personal Debt12m
Making a Difference 12m
Week
2
Hours to complete
2 hours to complete

Corporate Debt

This week we will look at Corporate Debt and how this type of debt has significant advantages over equity under certain conditions. Taking a critical yet realistic lense, we’ll explore how debt favours and benefit firms who use it as financial leverage aimed at increasing a firm’s value, while impressing an understanding of why this is an advantage only during times of growth. We’ll also tap into each other’s thoughts on how this type of debt could influence our own investing decisions ...
Reading
2 videos (Total 51 min), 2 readings, 4 quizzes
Video2 videos
Firm Debt Part 2: Theorizing How Much to Borrow24m
Reading2 readings
LearnSmart - what it is and how to use it10m
LearnSmart Chapter 16: Financial Leverage and Capital Structure Policy10m
Quiz4 practice exercises
Practice Quiz: Firm Debt Part 16m
Practice Quiz: Firm Debt Part 26m
Firm Debt12m
Making a Difference in Week 22m
Week
3
Hours to complete
3 hours to complete

Government Debt

This week we’ll move beyond the personal and corporate to the bigger picture of Government Debt. We’ll collectively understand why a measure of debt is often a requirement to grow national wealth. But, we’ll also discuss how this ‘measure’ of debt has become a ‘monolith’ of debt in many instances around the globe. The key aspect that we’ll work together to uncover is how this impacts you and the people and places surrounding you, and consider how we might plan and react to finding ourselves at an economic turning point in our history. This week will also be the launch of our peer review activity around your debt case study....
Reading
2 videos (Total 23 min), 4 quizzes
Video2 videos
Sovereign Debt Part II: The Big Picture10m
Quiz3 practice exercises
Practice Quiz: Sovereign Debt Parts I & II6m
Sovereign Debt12m
Making a Difference 32m
Week
4
Hours to complete
1 hour to complete

Debt Synthesis

Week 4 is the time to synthesize all that we have learned about debt - from our personal experiences, the state of corporations as well as the current level of government debt, and scrutinize and address it in a way that will increase your debt literacy. You will also reexamine your debt case study and share your biggest takeaways from the course, and look ahead to F4E: Capstone!...
Reading
1 video (Total 16 min), 1 quiz
Video1 video
Quiz1 practice exercise
End of Course Feedback24m

Instructor

Avatar

Arshad Ahmad

Professor
DeGroote School of Business

About McMaster University

Founded in 1887, McMaster University is committed to creativity, innovation, and excellence by inspiring critical thinking, personal growth, and a passion for learning. Ranked amongst the Top 100 universities in the world, McMaster pioneered a learner-centred, problem-based, interdisciplinary approach to learning that is now known worldwide as the “McMaster Model”. ...

About the Finance for Everyone Specialization

Watch this intro video to learn more about the Specialization curriculum and Capstone Project! The Finance for Everyone Specialization will help you learn the language of finance and understand how the flow of money relates to the most important key social issues influencing our lives and communities. You’ll examine the connections between global and local finance; the flow of assets through businesses, governments, and other institutions; and the commodity, bond, and equity market dynamics that create and destroy financial value. When you complete the Specialization, you’ll be able to better understand both global financial news and your own personal financial decisions....
Finance for Everyone

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

  • By the end of this course, you should be able to:

    1. Explain ways in which debt can be useful or detrimental to the individual, the company, and the country.

    2. Relate important financial concepts and issues to experiences in your daily life or the real world.

    3. Perform financial calculations with accuracy.

    4. Build confidence in your ability to manage debt.

    5. Engage in research in order to increase your knowledge of particular financial issues/scenarios.

    6. Engage with news, issues, and communities that matters to you, inclusive of concepts of finance and debt.

    7. Assess finance issues (ex. the debt position of a given entity) with confidence.

    8. Analyze how financial concepts are applied by organizations.

  • The course is structured to be 4 weeks in length.

  • This course will be offered every month.

  • No previous knowledge is required. It is recommended that learners have basic mathematics knowledge.

More questions? Visit the Learner Help Center.