Weekly study4 hours
Finance for Everyone: Smart Tools for Decision-Making
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Develop the tools to take control of your finances
From evaluating different types of loans, choosing whether to rent or buy, or deciding whether to go to university, it’s important to understand the value of each financial decision.
On this six-week course from The University of Michigan, you’ll understand how the financial world works while developing the frameworks that will help you make everyday financial decisions.
Discover the Time Value of Money
If you were given the choice of receiving a lump sum now or the same lump sum in two years, which would you choose? It may seem obvious to take the lump sum now, but there’s an important concept behind why: the Time Value of Money (TVM).
This course will guide you through the many applications of finance, including TVM and how interest and compounding affect the value of money over time.
Explore smarter budgeting and financial planning
When managing limited financial resources, the biggest asset is often financial planning and smart budgeting.
You’ll look at how to effectively plan your finances and allocate scarce financial resources in a value-add way, using the skills you’ve developed to make smart choices. This course covers the benefits of saving for the future, taking a loan, and how to simplify complex financial decisions, among other things.
Understand the complex world of stocks and bonds
The stock market can be a daunting topic to dive into, but it can also be a useful tool in effectively managing your finances.
This course will take you through the basics of stocks and bonds, what they are, the benefits and drawbacks of each, and how they work in the real world.
You will be able to value the impact of different choices available to you: from renting or buying, evaluating car, home and student loans, or deciding whether to go to college versus pursuing a new idea to simply understanding how the financial world works.
You will understand Time Value of Money and stocks and bonds, and learn to allocate scarce resources in a value-add way, adopting smart tools for making every day decisions.
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Apply frameworks and tools to make smart financial choices
- Demonstrate understanding of Stocks and stock market
- Demonstrate understanding of Bonds and bond market
- Demonstrate understanding of time value of money
Who is the course for?
This course is designed for anyone interested in improving their financial literacy and learning how to think clearly about important financial decisions.
Who developed the course?
LocationAnn Arbor, Michigan, USA
World rankingTop 30Source: Times Higher Education World University Rankings 2020