The University of Michigan is offering free online course on Corporate Financial Policy. 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 firms raise funds to finance their business.
Course At A Glance
Length: Self-paced; University expects you to complete the course in 30-40 hours
Effort: 30-40 hours pw
Subject: Economics & Finance
Institution: University of Michigan and edx
Certificate Available: Yes, Add a Verified Certificate for $99
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 This Course
This finance course focuses on how a firm should raise funds to finance its projects. Learners will be exposed to a number of important theoretical frameworks to analyze how financial policies can create value for a firm in a world with “frictions” such as bankruptcy costs, taxation policy, information problems, and conflict of interests between different stakeholders.
Why Take This Course?
The course covers topics such as debt and equity management, their relative attractiveness under different tax rules, and how these instruments can be used to alleviate the effects of informational and agency frictions. The course relates all concepts to real world examples such as capital structure choices, bankruptcy decisions, and leveraged buyouts. Learners are presented with a number of opportunities to think critically about real-world financial decisions in the context of the framework they are exposed to.
- To evaluate a firm’s financial decisions in a coherent framework of value-creation
- To understand how firms should raise money to fund their projects
- To understand what a firm’s financial policy signals about its core business
- To critically evaluate the trade offs present in various financing options available to a firm
Amiyatosh Purnanandam is a Professor of Finance at the Ross School of Business (RSB), University of Michigan. Amiyatosh has a PhD from Cornell University, an MBA from the Indian Institute of Management, and a B. Tech.
- Financial Decision Rules for Project Evaluation
- Project Risk Assessment
- Financial Markets and Institutions
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 sign up for a course and activate their account, click on the Log In button on the edx.org 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.)