Course Overview -About the Course and Your Classmates
Course Introduction
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About this Course: Ratings and Reviews
Syllabus
Video Lecture Transcripts
Scott's Advice on How to View and Take This Course
Excel Instructions for Installing Solver and Data Analysis
Options for Completing Assignments without Excel
About the Discussion Forums
Getting to Know Your Classmates
Online Education at Gies College of Business
Learn on Your Terms
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Module 1: Investments Toolkit and Portfolio Formation-Module 1
Module 1 Overview
Module 1 Readings
Module 1 Spreadsheets
Module 1: Investments Toolkit and Portfolio Formation-Lesson 1-1 Objectives and Overview
Objectives and Overview
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Module 1: Investments Toolkit and Portfolio Formation-Lesson 1-2 Investments Toolkit
Objectives and Assumptions of Classical Finance
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Why Discount?
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Different Return Measures
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Firm Characteristics Relevant for Investments
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Zero-Cost Portfolio
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Statistical Techniques & Excel
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What We've Learned
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Module 1: Investments Toolkit and Portfolio Formation-Lesson 1-3 Historical Returns in the U.S.
Historical Returns in the U.S.
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Module 1: Investments Toolkit and Portfolio Formation-Lesson 1-4 Return and Risk: Intro to Portfolios
Return and Risk: Intro to Portfolios
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Module 1: Investments Toolkit and Portfolio Formation-Lesson 1-5 Portfolio Choice in General Settings
Objectives and Source of Data for Examples
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Asset Allocation with One Risky and One Risk-Free Asset
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Asset Allocation with Two Risky Assets
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Real-World Example of a Dominated Asset
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What We've Learned
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Module 1: Investments Toolkit and Portfolio Formation-Module 1 Review and Graded Activities
Module 1 Review
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Module 1: Investments Toolkit and Portfolio Formation- OPTIONAL Lesson 1-6 Assignment 1 and Discussion
OPTIONAL and UNGRADED ASSIGNMENT 1: Portfolio Choice When Change Correlations
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OPTIONAL: DISCUSSION OF ASSIGNMENT 1: Portfolio Choice When Change Correlations
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Module 1: Investments Toolkit and Portfolio Formation-OPTIONAL Lesson 1-7 Calculating Efficient Portfolios of Risky Assets
OPTIONAL: Objectives
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OPTIONAL: Example 1: Calculating Efficient Portfolios of Risky Assets
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OPTIONAL: Example 2: Calculating Efficient Portfolios of Risky Assets
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OPTIONAL: What We've Learned
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Module 1: Investments Toolkit and Portfolio Formation-OPTIONAL Lesson 1-8 Calculating More Efficient Portfolios
OPTIONAL and UNGRADED ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios
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OPTIONAL: DISCUSSION OF OPTIONAL and UNGRADED ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios
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Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)-Module 2
Module 2 Overview
Module 2 Readings
Module 2 Spreadsheets
Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)-Lesson 2-1 Objectives and Overview
Objectives and Overview
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Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)-Lesson 2-2 Separation Theorem of Investments
Objectives
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Final General Portfolio Example and Tangency Portfolio
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Two-Fund Separation Theorem and Applications
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What We've Learned
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Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)-Lesson 2-3 Examples of Reducing Portfolio Risk
Examples of Reducing Portfolio Risk
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Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)-Lesson 2-4 Capital Asset Pricing Model (CAPM)
Objectives
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Development of the CAPM
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The CAPM and BETA
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The CAPM and ALPHA
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What We've Learned
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Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)-Lesson 2-5 Applications of CAPM
Objectives
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Practice Problem & Introduction to Interpreting CAPM Regressions
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CAPM Example 1: Coca Cola
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CAPM Example 2: Balanced Fund
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How to Estimate CAPM and What We've Learned
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Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)-Lesson 2-6 Evaluation of Small-Value Stock Investment Strategy, 1927-2014
PREPARING for Evaluation of the Small-Value Stock Investment Strategy, 1927-2014
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RESULTS from Evaluation of the Small-Value Stock Investment Strategy, 1927-2014
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Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)-Module 2 Review and Graded Activities
Module 2 Review
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ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities
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DISCUSSION OF ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities
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Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency-Module 3
Module 3 Overview
Module 3 Readings
Module 3 Spreadsheets
Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency-Lesson 3-1 Objectives and Overview
Objectives and Overview
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Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency-Lesson 3-2 Testing the CAPM & Market Anomalies
Objectives and Uses of CAPM
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OPTIONAL: Testing the CAPM
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OPTIONAL: Defending the CAPM
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Market Anomalies: Small-Firm and Value Effects
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Interpretation of Market Anomalies
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OPTIONAL: Investigating "Long Value Short Growth" Strategy
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What We've Learned
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Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency-Lesson 3-3 Multi-Factor Models and Matching
Objectives
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Multi-Factor Models
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Matching
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What We've Learned
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Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency-Lesson 3-6 Market Efficiency
Market Efficiency
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Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency-Module 3 Review and Graded Activities
Module 3 Review
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ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-2014
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DISCUSSION OF ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-2014
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Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency-OPTIONAL: Lesson 3-4 Use Domestic or Global Factors?
OPTIONAL: Use Domestic or Global Factors?
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Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency-OPTIONAL: Lesson 3-5 Return-Risk Model Used by Chief Financial Officers (CFOs)
OPTIONAL: Return-Risk Model Used by Chief Financial Officers (CFOs)
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Module 4: Investment Finance and Corporate Finance: Firm Valuation-Module 4
Module 4 Overview
Module 4 Readings
Module 4: Investment Finance and Corporate Finance: Firm Valuation-Lesson 4-1 Objectives and Overview
Objectives and Overview
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Module 4: Investment Finance and Corporate Finance: Firm Valuation-Lesson 4-2 Perpetuity Valuation with Simple Application to S&P 500
Objectives
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Formula for Valuing a Perpetuity
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Real-World Examples and Perpetuity Problems
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What We've Learned
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Module 4: Investment Finance and Corporate Finance: Firm Valuation-Lesson 4-3 Valuation Primer: Market & Income Approaches
Objectives
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Market Multiples Approach to Valuation
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Income Approach to Valuation: Introduction
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Income Approach to Valuation: Discount Rate
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Income Approach to Valuation: Cash Flows
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Income Approach to Valuation: Terminal Value, Price-to-Earnings Ratio, & Discounting of Cash Flows
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Fudge Factors to Valuation and What We've Learned
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Module 4: Investment Finance and Corporate Finance: Firm Valuation-Lesson 4-6 Discounted Cash Flow Valuation Example: Pension Plan Liabilities
Objectives
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Defined-Benefit (DB) Pension Plan Liabilities and Their Valuation
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Valuing a Stream of Fixed Liabilities
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Investment Policy of Pension Benefit Guaranty Corporation (PBGC)
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What We've Learned
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Module 4: Investment Finance and Corporate Finance: Firm Valuation-Module 4 Review and Graded Activities
Module 4 Review
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Module 4: Investment Finance and Corporate Finance: Firm Valuation-OPTIONAL: Lesson 4-4 Caution in Projecting Firm Discount Rates
OPTIONAL: Objectives
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OPTIONAL: Microsoft Example
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OPTIONAL: Betas of Small & Large Firms and Betas Across Industries
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OPTIONAL: What We've Learned
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Module 4: Investment Finance and Corporate Finance: Firm Valuation-OPTIONAL: Lesson 4-5 Caution in Projecting Firm Growth Rates
OPTIONAL: Caution in Projecting Firm Growth Rates
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Module 4: Investment Finance and Corporate Finance: Firm Valuation-OPTIONAL: Lesson 4-7 Market Multiples Valuation Example: Google at Its Initial Public Offering (IPO)
OPTIONAL: Objectives
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OPTIONAL: Valuation of Google at Its Initial Public Offering (IPO): First Attempt
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OPTIONAL: Valuation of Google at Its Initial Public Offering (IPO): Digging Deeper
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OPTIONAL: What We've Learned
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Course Conclusion-Course Conclusion
Course Conclusion
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Congratulations on completing the course!
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