University of Melbourne - Alternative Approaches to Valuation and Investment 

Alternative Approaches to Valuation and Investment - Overview

1.0 Welcome and Introduction

1.1 Measuring stand-alone risk (Just the same old standard deviations)

1.2 Alternative attitudes towards risk (I don?t hate risk, I?m just averse to it...)

1.3 Portfolio Return and Risk (The more the merrier?)

1.4 Defining the Diversification Benefit (It?s All About the Eggs and Baskets...)

Course Syllabus

Your Teaching Team

Week 1 Outline

Start of Course Survey

Resources

Social Media

Study Tools and Tips

Week 1 Practice Quiz - This quiz does not contribute to your final grade

Week 1 Graded Quiz - This quiz contributes 10% towards your final grade

2.0 Introduction

2.1 Unsystematic versus Systematic Risk (Getting rid of unrewarded risk)

2.2 Capital Asset Pricing Model (It?s all about the discount rate)

2.3 Empirical Evidence of the Capital Asset Pricing Model (Testing the untestable...)

2.4 Multi-factor Models and Evidence from the Field (Risk factors ? the more the merrier!)

Mid Course Check-in

A View from Industry with BNY Mellon

Week 2 Outline

Week 2 Practice Quiz - This quiz does not contribute to your final grade

Week 2 Graded Quiz - This quiz contributes 10% towards your final grade

3.0 Using Financial Information to Estimate Cost of Capital (Introduction)

3.1 Foundations of the WACC (Finance is so WACC!)

3.2 WACC and Debt (WACC-Owe!)

3.3 WACC and Equity (Share the WACC-iness)

3.4 Issues with WACC (To WACC or not to WACC..?)

Week 3 Outline

Week 3 Practice Quiz - This quiz does not contribute to your final grade

Week 3 Graded Quiz - This quiz contributes 10% towards your final grade

4.0 Introduction (One with all the options...)

4.1 The Problem with NPV (It always works? except when it doesn?t?)

4.2 Examples of Real Options in Practice (Is that an option in your project?)

4.3 Approximation of Real Option Values Using Decision Trees (Options do grow on trees!)

4.4 Empirical evidence and final points (Does anyone exercise their option to use real options?)

Week 4 Outline

Academic Integrity

Where to From Here? The Next Step.

End of Course Survey

Week 4 practice quiz - This quiz does not contribute to your final grade

Week 4 graded quiz - This quiz contributes 10% towards your final grade

Course Final Exam - This quiz contributes 40% towards your final grade