Free Online Course on Financial Decision Rules for Project Evaluation

The University of Michigan is offering free online course on Financial Decision Rules for Project Evaluation. This course is targeted to managers working in corporations or institutions and individuals planning to pursue a graduate degree in business (MBA).

Applicants will learn how to use decision criteria and rules to evaluate projects based on their impact on business, including payback, NPV, and IRR.

Course At Glance

Length: self-paced; we expect you to complete the course in 30-40 hours.
Effort:30-40  hours pw
Subject: Economic and Finance
Institution: University of Michigan and edx
Languages: English
Price: Free
Certificate Available: Yes, Add a Verified Certificate for $99
Session: self-paced

Providers’ Details

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.

The University of Michigan was founded in 1817 as one of the first public universities in the nation. The University, which is based in Ann Arbor, Michigan, has 260-degree programs in 19 schools and colleges offering a tremendous academic breadth and opportunity for discovery. Michigan has one of the largest alumni networks in the world with more than 540,000 living alumni.

About This Course

In this finance course, learners will be exposed to real-world decision-making rules used to prioritize projects, with several rich applications. The specific decision rules we will analyze include:

  • Payback
  • Internal Rate of Return
  • Net Present Value

Why Take This Course?

This course is targeted to managers working in corporations or institutions and individuals planning to pursue a graduate degree in business (MBA).

Learning Outcomes

  • Different decision rules used to evaluate financial impact of projects
  • To recognize the value creation involved in different choices
  • To make smart choices among alternative decisions
  • How to measure project profitability
  • To apply fundamental financial skills to value bonds and stocks


  • Basic mathematical literacy
  • Secondary school (high school) algebra
  • Basic familiarity with spreadsheets


Gautam Kaul

Gautam Kaul is a Professor of Finance and the Fred M. Taylor Professor of Business at the Ross School of Business (RSB), University of Michigan. Gautam has a Ph.D. from the Booth School of Business, University of Chicago and has published extensively in the top journals in Finance on topics covering a wide spectrum.

How To Join This Course

  • Go to the course website link
  • Create an edX account to SignUp
  • Choose “Register Now” to get started.
  • EdX offers honor code certificates of achievement, verified certificates of achievement, and XSeries certificates of achievement. Currently, verified certificates are only available in some courses.
  • Once applicant signs up for a course and activates their account, click on the Log In button on the homepage and type in their email address and edX password. This will take them to the dashboard, with access to each of their active courses. (Before a course begins, it will be listed on their dashboard but will not yet have a “view course” option.)

Apply Now