Finance for Everyone: Debt

Product type
Logo Coursera (CC)
Provider rating: starstarstarstar_halfstar_border 7.2 Coursera (CC) has an average rating of 7.2 (out of 6 reviews)

Need more information? Get more details on the site of the provider.

Description

When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: In Debt, we take on one of the most challenging financial questions that remains unresolved: How much to borrow? We start by demonstrating why using debt has always been and continues to be a great temptation, particularly when borrowing costs are historically low. We identify conditions for selecting the optimal amount of debt for a corporation looking to maximize its value. You’ll become fluent in related concepts like norms and benchmarks. You will explore these and other factors that influence debt for individuals and for public sector organizations -including governments, who are the largest consumers of debt. Like pollution, debt creates systemic risks even for …

Read the complete description

Frequently asked questions

There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.

Didn't find what you were looking for? See also: Debt, Business Finance, Accounting, General Management, and Credit Management & Control.

When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: In Debt, we take on one of the most challenging financial questions that remains unresolved: How much to borrow? We start by demonstrating why using debt has always been and continues to be a great temptation, particularly when borrowing costs are historically low. We identify conditions for selecting the optimal amount of debt for a corporation looking to maximize its value. You’ll become fluent in related concepts like norms and benchmarks. You will explore these and other factors that influence debt for individuals and for public sector organizations -including governments, who are the largest consumers of debt. Like pollution, debt creates systemic risks even for the people and organizations that don’t create it. This course discusses the imperative of limiting and reducing debt and the costs to all of us if we don’t. We build on case based learning giving you opportunities to interpret, uncover and acquire financial information that is often hidden or missing. We also summarize important threads from previous courses to give you a deep and cohesive understanding of when debt works for you and when it becomes your worst enemy.

Created by:  McMaster University
  • Taught by:  Arshad Ahmad, Professor

    DeGroote School of Business
Basic Info Course 4 of 5 in the Finance for Everyone Specialization Commitment 4 weeks of study, 1-2 hours/week Language English How To Pass Pass all graded assignments to complete the course. Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

Help from your peers

Connect with thousands of other learners and debate ideas, discuss course material, and get help mastering concepts.

Certificates

Earn official recognition for your work, and share your success with friends, colleagues, and employers.

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”.

Syllabus


WEEK 1


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.


5 videos, 5 readings, 2 practice quizzes expand


  1. Reading: F4E Specialization Snapshot
  2. Video: Course Introduction Part I: Today's Temptation to Borrow
  3. Video: Course Introduction Part II: When Giving In to Temptation Becomes the Norm
  4. Reading: Course Outline
  5. Practice Quiz: Learner Introduction Survey
  6. Reading: Where are Our Learners From?
  7. Reading: Keeping a Learning Portfolio
  8. Discussion Prompt: Course Connections: Introduce Yourself!
  9. Video: Personal Debt Part I: Debt & Financial Literacy
  10. Video: Personal Debt Part II: Reading the Signs of 2007 and Today
  11. Video: Personal Debt Part III: Common Types & Taking Stock
  12. Discussion Prompt: The New Normal
  13. Practice Quiz: Practice Quiz: Personal Debt
  14. Reading: Introduction to Final Assignment: Choose Your Own Debt Case Study
  15. Discussion Prompt: Case Study Brainstorm

Graded: Personal Debt
Graded: Making a Difference 1

WEEK 2


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


2 videos, 2 readings, 2 practice quizzes expand


  1. Video: Firm Debt Part 1: Calculating How Much to Borrow
  2. Practice Quiz: Practice Quiz: Firm Debt Part 1
  3. Video: Firm Debt Part 2: Theorizing How Much to Borrow
  4. Practice Quiz: Practice Quiz: Firm Debt Part 2
  5. Discussion Prompt: From Firm Debt to Your Decisions
  6. Reading: LearnSmart - what it is and how to use it
  7. Reading: LearnSmart Chapter 16: Financial Leverage and Capital Structure Policy

Graded: Firm Debt
Graded: Making a Difference in Week 2

WEEK 3


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.


2 videos, 1 practice quiz expand


  1. Video: Sovereign Debt Part I: Global Money Flow in the 21st Century
  2. Video: Sovereign Debt Part II: The Big Picture
  3. Discussion Prompt: Visualizing Debt
  4. Practice Quiz: Practice Quiz: Sovereign Debt Parts I & II

Graded: Sovereign Debt
Graded: Choose Your Own Debt Case Study
Graded: Making a Difference 3

WEEK 4


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!


1 video, 1 practice quiz expand


  1. Video: Course 4 Epilogue
  2. Discussion Prompt: Beyond Debt
  3. Practice Quiz: End of Course Feedback
There are no reviews yet.

Share your review

Do you have experience with this course? Submit your review and help other people make the right choice. As a thank you for your effort we will donate $1.- to Stichting Edukans.

There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.