About this Course
4.7
161 ratings
24 reviews
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Intermediate Level

Intermediate Level

Hours to complete

Approx. 21 hours to complete

Suggested: It will take between 5-10 hours a week for about six weeks to master the content....
Available languages

English

Subtitles: English...

Skills you will gain

PricingReturn On EquityFinanceInvestment
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Intermediate Level

Intermediate Level

Hours to complete

Approx. 21 hours to complete

Suggested: It will take between 5-10 hours a week for about six weeks to master the content....
Available languages

English

Subtitles: English...

Syllabus - What you will learn from this course

Week
1
Hours to complete
2 hours to complete

Overview of the Specialization & Course

This module contains detailed videos and syllabi of both the Specialization and this course. This specialization has been designed to enable you to learn and apply the powerful tools of modern finance to both personal and professional situations. The courses within progress linearly and build on each other and it is important for you to get an understanding of why this specialization may be relevant to your goals, again both personal and professional. Please review the videos and syllabi as they will give you a sense of the specialization and how this specific course fits within. The teaching style and philosophy of the instructors is also presented to you (hopefully) in sufficient detail. Most importantly, it will give you enough information for you to make a decision about whether you want to take this course, by itself or as part of a specialization. ...
Reading
11 videos (Total 63 min), 3 readings
Video11 videos
Specialization: A Collaboration 5m
Specialization: Content and Structure 3m
Specialization: Courses 4m
Specialization: Process 5m
Specialization: Philosophy 6m
Specialization: Prerequisites 3m
Specialization: Assumptions 4m
Specialization: Thank You! 6m
Specialization: Closed Captioning 3m
Welcome to Alternative Valuation Methods 10m
Reading3 readings
Specialization-Syllabus10m
Course 3-Syllabus10m
Help us learn more about you!10m
Hours to complete
3 hours to complete

Module 1

In module 1, we will first introduce a simple valuation approach using a detailed example and highlighting the effects of leverage. We will deliberately ignore real world issues such as taxes and bankruptcy costs to determine the fundamentals of valuation. This module will bring together the two building blocks of finance: Time Value of Money (Course 1) and Risk & Return (Course 2)....
Reading
17 videos (Total 111 min), 2 readings, 2 quizzes
Video17 videos
1.2 Leverage & Risk 14m
1.3 Leverage & WACC 9m
1.4 Valuation : Mega Example Set Up 15m
1.5 Mega Example: Question 1 2m
1.6 Mega Example: Question 1 Analysis 5m
1.7 Mega Example: Question 2 m
1.8 Mega Example: Question 2 Analysis 5m
1.9 Mega Example: Question 3 1m
1.10 Mega Example: Question 3 Analysis 4m
1.11 Mega Example: Question 4 1m
1.12 Mega Example: Question 4 Analysis 7m
1.13 Mega Example: Question 5 & Analysis 3m
1.14 Mega Example: Question 6 1m
1.15 Mega Example: Question 6 Analysis 4m
1.16 Mega Example: Question 7 & Analysis 6m
1.17 Wrap Up: Real World Twists 14m
Reading2 readings
Notice for Auditing Learners: Assignment Submission10m
Note-ValuationNoFrictions10m
Quiz2 practice exercises
Assignment 120m
Assignment 220m
Week
2
Hours to complete
1 hour to complete

Module 2

We will use our understanding of valuation from Module 1 to introduce a framework of valuation that will highlight the main drivers of the value of a company. This will serve as our basis for all valuation and we will then gradually introduce "frictions" created by us in the real world, like taxes and bankruptcy costs....
Reading
2 videos (Total 43 min), 2 quizzes
Video2 videos
2.2 Valuing a Firm with No Frictions 22m
Quiz2 practice exercises
Assignment 320m
Assignment 420m
Week
3
Hours to complete
3 hours to complete

Module 3

In Module 3, we will introduce the effects of taxes on valuation. We will build gradually on the effects of taxes on a company's cash flows and then introduce the much more complex treatment of leverage to highlight its effects on valuation. ...
Reading
4 videos (Total 62 min), 1 reading, 2 quizzes
Video4 videos
3.2 Valuing a Firm: With Tax Deductibility of Interest 12m
3.3 Value of the Levered Firm 11m
3.4 Value of Equity & Debt 17m
Reading1 reading
Note-ValuationWithFrictions10m
Quiz2 practice exercises
Assignment 540m
Assignment 640m
Week
4
Hours to complete
2 hours to complete

Module 4

Module 4 is a natural extension of Module 3 because the presence of frictions and the availability of information allows us to value companies using alternative valuation methods. These methods will be developed and applied in detail in this concluding module....
Reading
4 videos (Total 65 min), 2 quizzes
Video4 videos
4.2 Multiples: Introduction 18m
4.3 Multiples: P/E Ratios 10m
4.4 Multiples: EBITDA Ratios 14m
Quiz2 practice exercises
Assignment 740m
Assignment 840m
4.7
24 ReviewsChevron Right

Top Reviews

By MJOct 14th 2016

The pedagogy is good but the assignment seem tough,what we have been teach in the video session.\n\nAppreciate for the initiative to conduct holistic courses of finance.

By VRMay 23rd 2017

Extremely insightful course by Prof. Gautam Kaul who also happens to deliver content perfectly.

Instructor

Avatar

Gautam Kaul

Professor of Finance & Fred M. Taylor Professor of Business Administration
Ross School of Business

About University of Michigan

The mission of the University of Michigan is to serve the people of Michigan and the world through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values, and in developing leaders and citizens who will challenge the present and enrich the future....

About the Introduction to Finance: Valuation and Investing Specialization

Evaluate risk and reward, assess alternatives, and determine the value of a project or company. This Specialization provides a rigorous introduction to core topics in financial valuation, including time value of money, cash flow analysis, asset pricing, risk and return and alternative valuation methods. In the Capstone Project contained in the final course, you’ll apply your skills to research, analyze, and value a real-world enterprise....
Introduction to Finance: Valuation and Investing

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.

More questions? Visit the Learner Help Center.