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다음 전문 분야의 5개 강좌 중 3번째 강좌:

100% 온라인

지금 바로 시작해 나만의 일정에 따라 학습을 진행하세요.

유동적 마감일

일정에 따라 마감일을 재설정합니다.

완료하는 데 약 29시간 필요

권장: 4 weeks of study, 6-8 hours/week...


자막: 영어

귀하가 습득할 기술

StockFinanceInvestment StrategyInvestment

다음 전문 분야의 5개 강좌 중 3번째 강좌:

100% 온라인

지금 바로 시작해 나만의 일정에 따라 학습을 진행하세요.

유동적 마감일

일정에 따라 마감일을 재설정합니다.

완료하는 데 약 29시간 필요

권장: 4 weeks of study, 6-8 hours/week...


자막: 영어

강의 계획 - 이 강좌에서 배울 내용

완료하는 데 2시간 필요

Course Overview

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. The orientation also helps you obtain the technical skills required for the course.

1 video (Total 27 min), 7 readings, 1 quiz
1개의 동영상
7개의 읽기 자료
About this Course: Ratings and Reviews10m
Scott's Advice on How to View and Take This Course10m
Excel Instructions for Installing Solver and Data Analysis10m
Options for Completing Assignments without Excel10m
About the Discussion Forums10m
Getting to Know Your Classmates10m
1개 연습문제
Orientation Quiz10m
완료하는 데 10시간 필요

Module 1: Investments Toolkit and Portfolio Formation

In Module 1, we will build the fundamentals of portfolio formation. After providing a brief refresher of basic investment concepts (our toolkit), a summary of historical patterns of stock returns and government securities in the U.S. is provided. We then consider general examples of portfolio choice to highlight the tradeoffs between “risk” and return. We end the module with a discussion of dominated assets and efficient portfolio formation, emphasizing real-world examples and practice in Excel solving for the optimal portfolio given certain constraints (such as the amount of volatility we will accept in our portfolio).

27 videos (Total 312 min), 3 readings, 3 quizzes
27개의 동영상
Objectives and Assumptions of Classical Finance2m
Why Discount?11m
Different Return Measures8m
Firm Characteristics Relevant for Investments10m
Zero-Cost Portfolio8m
Statistical Techniques & Excel6m
What We've Learned3m
Historical Returns in the U.S.23m
Return and Risk: Intro to Portfolios27m
Objectives and Source of Data for Examples2m
Asset Allocation with One Risky and One Risk-Free Asset11m
Asset Allocation with Two Risky Assets27m
Real-World Example of a Dominated Asset14m
What We've Learned2m
ASSIGNMENT 1: Portfolio Choice When Change Correlations10m
DISCUSSION OF ASSIGNMENT 1: Portfolio Choice When Change Correlations14m
Example 1: Calculating Efficient Portfolios of Risky Assets13m
Example 2: Calculating Efficient Portfolios of Risky Assets28m
What We've Learned1m
Module 1 Review6m
ASSIGNMENT 1 (Lesson 1-6): Portfolio Choice When Change Correlations10m
DISCUSSION OF ASSIGNMENT 1 (Lesson 1-6): Portfolio Choice When Change Correlations14m
ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios15m
DISCUSSION OF ASSIGNMENT 2 (Lesson 1-8): Calculating More Efficient Portfolios17m
Like this course? Learn more with the iMBA! (optional)1m
3개의 읽기 자료
Module 1 Overview10m
Module 1 Readings10m
Module 1 Spreadsheets10m
1개 연습문제
Module 1 Quiz24m
완료하는 데 7시간 필요

Module 2: Motivating, Explaining, & Implementing the Capital Asset Pricing Model (CAPM)

In Module 2, we will develop the financial intuition that led to the Capital Asset Pricing Model (CAPM), starting with the Separation Theorem of Investments. We will understand that in a CAPM setting, only the market-wide risk of an asset is priced – securities with greater sensitivity to the market are required by investors to yield higher returns on average. We will also learn how to interpret regressions that provide us with both a benchmark to use for a security given its risk (determined by its beta), as well as a risk-adjusted measure of the security’s performance (measured by its alpha).

21 videos (Total 227 min), 3 readings, 2 quizzes
21개의 동영상
Final General Portfolio Example and Tangency Portfolio15m
Two-Fund Separation Theorem and Applications10m
What We've Learned1m
Examples of Reducing Portfolio Risk20m
Development of the CAPM18m
The CAPM and BETA21m
The CAPM and ALPHA5m
What We've Learned1m
Practice Problem & Introduction to Interpreting CAPM Regressions10m
CAPM Example 1: Coca Cola16m
CAPM Example 2: Balanced Fund6m
How to Estimate CAPM and What We've Learned4m
PREPARING for Evaluation of the Small-Value Stock Investment Strategy, 1927-201434m
RESULTS from Evaluation of the Small-Value Stock Investment Strategy, 1927-201418m
Module 2 Review6m
ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities6m
DISCUSSION OF ASSIGNMENT 3 (Lesson 2-7): Analyzing & Identifying Three Mystery Securities14m
3개의 읽기 자료
Module 2 Overview10m
Module 2 Readings10m
Module 2 Spreadsheets10m
1개 연습문제
Module 2 Quiz24m
완료하는 데 7시간 필요

Module 3: Testing the CAPM, Multifactor Models, & Market Efficiency

In Module 3, we will discuss different asset-pricing models, the pros and cons of each, and market efficiency. In particular, we will test the effectiveness of the Capital Asset Pricing Model (CAPM) and examine survey data concerning its use by chief financial officers (CFOs) of firms. Predictable patterns in stock returns, such as the size and value effects, will also be examined and the Fama-French 3-Factor Model will be introduced. Market efficiency will be discussed in this module, as well as its implications for the asset-management industry and observed patterns in stock returns.

18 videos (Total 245 min), 3 readings, 2 quizzes
18개의 동영상
Objectives and Uses of CAPM4m
Testing the CAPM11m
Defending the CAPM14m
Market Anomalies: Small-Firm and Value Effects15m
Interpretation of Market Anomalies9m
Investigating "Long Value Short Growth" Strategy20m
What We've Learned2m
Multi-Factor Models16m
What We've Learned4m
Use Domestic or Global Factors?20m
Return-Risk Model Used by Chief Financial Officers (CFOs)13m
Market Efficiency35m
Module 3 Review11m
ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-201411m
DISCUSSION OF ASSIGNMENT 4 (Lesson 3-7): Analysis and Recommendation of 50 Balanced Funds, 1995-201436m
3개의 읽기 자료
Module 3 Overview10m
Module 3 Readings10m
Module 3 Spreadsheets10m
1개 연습문제
Module 3 Quiz24m
완료하는 데 6시간 필요

Module 4: Investment Finance and Corporate Finance: Firm Valuation

In Module 4, we will learn about the two key approaches to valuing a company or stock: market multiples and discounted cash flow. We will learn how to value perpetuities and will discuss how caution should be exercised in terms of projecting both the growth in long-term cash flows and the riskiness of those cash flows – two key components of the perpetuity formula. Finally, to gain experience with the market multiples approach, we will estimate a value of Google at the time of its initial public offering (IPO) back in 2004 using market data on Yahoo! as a comparable firm.

27 videos (Total 310 min), 2 readings, 1 quiz
27개의 동영상
Formula for Valuing a Perpetuity12m
Real-World Examples and Perpetuity Problems21m
What We've Learned2m
Market Multiples Approach to Valuation9m
Income Approach to Valuation: Introduction17m
Income Approach to Valuation: Discount Rate17m
Income Approach to Valuation: Cash Flows8m
Income Approach to Valuation: Terminal Value, Price-to-Earnings Ratio, & Discounting of Cash Flows19m
Fudge Factors to Valuation and What We've Learned6m
Microsoft Example17m
Betas of Small & Large Firms and Betas Across Industries17m
What We've Learned4m
Caution in Projecting Firm Growth Rates31m
Defined-Benefit (DB) Pension Plan Liabilities and Their Valuation16m
Valuing a Stream of Fixed Liabilities19m
Investment Policy of Pension Benefit Guaranty Corporation (PBGC)6m
What We've Learned3m
Valuation of Google at Its Initial Public Offering (IPO): First Attempt14m
Valuation of Google at Its Initial Public Offering (IPO): Digging Deeper21m
What We've Learned2m
Module 4 Review7m
2개의 읽기 자료
Module 4 Overview10m
Module 4 Readings10m
1개 연습문제
Module 4 Quiz24m
완료하는 데 15분 필요

Course Conclusion

In this module, we say goodbye to the Investments course as key takeaways from the course are reviewed. A tease is also provided to topics that will be covered in Professor Weisbenner's second course on Investments.

1 video (Total 15 min)
1개의 동영상
97개의 리뷰Chevron Right


이 강좌를 통해 확실한 경력상 이점 얻기

Investments I: Fundamentals of Performance Evaluation의 최상위 리뷰

대학: DHNov 12th 2016

This was a fantastic course, with a realistically attainable amount of material, and a humble, knowledgable professor whose teaching style makes a normally difficult topic very easy to understand.

대학: KLDec 7th 2017

Professor Weisbenner is fabulous! He is able to make anyone understand complex investment topics through his delivery and curriculum design. You are missing out not taking Investments from him!



Scott Weisbenner

William G. Karnes Professor of Finance
Department of Finance, College of Business

Start working towards your Master's degree

이 강좌은(는) 일리노이대학교 어버너-섐페인캠퍼스의 100% 온라인 Master of Business Administration (iMBA) 중 일부입니다. 전체 프로그램을 수료하면 귀하의 강좌가 학위 취득에 반영됩니다.

일리노이대학교 어버너-섐페인캠퍼스 정보

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

재무 관리 전문 분야 정보

This Specialization covers the fundamentals of strategic financial management, including financial accounting, investments, and corporate finance. You will learn to evaluate major strategic corporate and investment decisions and to understand capital markets and institutions from a financial perspective, and you will develop an integrated framework for value-based financial management and individual financial decision-making. The Financial Management Specialization is part of the University of Illinois iMBA Program. Each course in this Specialization also fulfills a portion of the requirements for a University of Illinois course that can earn you college credit. When you complete the Financial Management Specialization, you will: · Have a solid foundation in developing an integrated framework for strategic financial decision-making. · Have a thorough understanding of financial statements and the financial information they provide, and be able to critically evaluate and analyze cash flows statements. · Understand the management and evaluation of portfolios and firm valuation techniques. · Understand how to incorporate risk and uncertainty into investment decisions and understand how companies make financing and investment decisions....
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