List of Topics for Sen Finance Lectures:
FIN101: Introduction to Finance
Lecture 1:
Rate of Return and Rate of Discount
Compound Interest
Lecture 2:
Multiple Cash Flows
Annuities and Perpetuities
Amortized Loans
Lecture 3:
Amortized Loans Continued
Using the Texas Instrument BA-II Plus Calculator
Lecture 4:
Bond Features
Pricing of Bonds
Lecture 5:
Bond Pricing Example
Pricing of Equity
FIN102: Corporate Finance I
Lecture 1:
Ownership Structures for Firms
Agency Problems
Net Present Value (NPV)
Sunk Costs, Opportunity Costs
Lecture 2:
NPV Continued
Salvage Value and Net Working Capital
IRR
Relationship between NPV and IRR
Lecture 3:
Multiple IRRs
Modified IRR (MIRR)
NPV for Unequal life projects
Lecture 4:
Inflation and NPV
Post Audit
Project Risk
Scenario Analysis
Sensitivity Analysis
Lecture 5:
Breakeven Analysis
Rate of Discounts for Projects
Capital Rationing
FIN103: Alternative Investments & Portfolio Management
FIN103 Lecture 1
Alternative Investments
1) Mutual Funds (00:15)
2) Actively and Passively Managed Funds (08:59)
3) Mutual Funds Investment Strategies (10:13)
4) Hedge Funds (12:08)
5) Hedge Funds Styles: Example of Market Neutral Fund (15:10)
FIN103 Lecture 2 Topics
1) Market Neutral Hedge Fund Example Contd. (00:15)
2) Other Kinds of Hedge Funds (03:12)
3) Performance of Hedge Funds (05:39)
4) Exchange Traded Funds (ETFs) (07:15)
5) Real Estate (11:10)
6) Example: Discounted Cash Flows Valuation (12:39)
FIN103 Lecture 3 Topics
1) Example: Discounted Cash Flows Valuation Continued (00:15)
2) Income Comparison Approach (08:50)
3) Sales Comparison Approach (10:45)
4) Venture Capital (13:25)
FIN103 Lecture 4 Topics
1) Distressed Firm Investing (00:15)
2) Commodities Investing (03:33)
3) Closely Held Companies (07:21)
Portfolio Management (08:08)
1) Policy Statement (08:59)
2) Asset Allocation (10:12)
3) Holding Period Returns & Yields (11:56)
4) Geometric & Arithmetic Returns (13:49)
5) Expected Returns & Std Dev
FIN103 Lecture 5 Topics
1) Risk and Risk Aversion (00:15)
2) Risk Aversion and Insurance (01:55)
3) Measures and Sources of Risk for Stocks (07:09)
4) Portfolios and Diversification (09:14)
5) The Mean Standard Deviation Space (16:54)
FIN103 Lecture 6 Topics
1) Standard Deviation, Diversification and Investor Preferences (00:15)
2) Systematic and Unsystematic Risks (03:46)
3) Capital Asset Pricing Model (CAPM) (07:52)
4) Review of CAPM Logic (12:51)
5) Security Market Line (SML) (16:51)
FIN103 Lecture 7 Topics
1) Mean Standard Deviation Frontier for Risky Assets Only (00:15)
2) Mean & Standard Deviation for Portfolios of Risk-free and Risky Assets (03:39)
3) Efficient Frontier with Risk-free Asset (05:54)
4) CML and SML (14:01)
5) Undervalued and Overvalued Assets (16:12)
FIN103 Lecture 8 Topics
1) Different Rates for Borrowing and Lending (00:15)
2) Zero Beta CAPM (03:28)
3) Characteristic Line (04:23)
4) Empirical Tests of CAPM (05:44)
5) Empirical Challenges to CAMP (08:50)
FIN201: Corporate Finance II
Lecture 1:
Weighted Average Cost of Capital (WACC)
Marginal Cost of Capital
Lecture 2:
Financial Risk (Increasing Riskiness of Equity with Increasing Debt)
Optimal Capital Structure
Lecture 3:
Optimal Capital Structure Continued
Lecture 4:
EPS and WACC Post Restructuring
Debt Equity Ratio Post Restructuring
Lecture 5:
Restructuring Continued
Modigliani - Miller Theorem (MM Theorem)
Lecture 6:
Two Examples of MM
Lecture 7:
Deviations from MM:
a) Information
b) Management as Residual Claimant
c) Debt Overhang & Risk Shifting
d) Tax Advantage versus Bankruptcy Costs Trade Off
Degree of Total Leverage
Dividend Policy: MM; Bird in Hand; Tax Preference; Signaling; and Residual Dividend Model
Dividend Payment Procedures
Lecture 8:
Stock Splits & Stock Dividends
Stock Repurchases and Information
Corporate Governance
FIN202: Fixed Income I
Lecture 1:
Bond Details
Term Structure of Interest Rates
Zero Coupons & Spot Rates
Bootstrapping Example (Getting Spot Rates from Bond Prices)
Lecture 2:
Bootstrapping concluded
Forward Rates
Forward Rates from Spot Rates
Spot Rates from Forward Rates
Lecture 3:
Term Structure of Interest Rates Theories:
a) Expectations Hypothesis
b) Liquidity Preference
c) Market Segmentation
Yield Spreads
Zero Volatility Spreads
Lecture 4:
LIBOR
After Tax Yields & Tax Exempt Yields (TEY)
Embedded Options in Bonds
Callable Bond Prices
Call Money and Repo Rates
Duration: Macaulay & Modified
Lecture 5:
Coupon Bonds' Durations
Duration Example
Calculating Duration Using Price Changes
Convexity
Convexity Example
Lecture 6:
More on Convexity
Price Value of Basis Point
Domestic Market Bonds: Treasuries; Munis; Corporates; Mortgage Backed Securities (MBS); Medium Term Notes (MTNs); & Special Purpose Vehicles (SPVs)
Lecture 7:
More on Domestic Bonds: Credit Enhancement; CDOs and CBOs; and Primary and Secondary Markets
Foreign Bonds: Euro and Sovereign
The Bankruptcy Process
Bond Risks: Interest Rate Risk; Yield Curve Risk; Prepayment Risk; Reinvestment Risk; Default Risk; Credit Risk; Liquidity Risk; Volatility Risk; Inflation Risk; Currency Risk; and Event Risk
FIN301 Derivatives
Lecture 1:
Introduction to Derivatives
Forward Contracts
Early Termination of Forward Contracts
Lecture 2:
Pricing of Forward Contracts by Arbitrage
Pricing of Forward Contracts for Commodities: Contango and Backwardation
Lecture 3:
Convenience Yields and Backwardation
Dividends and Forward Prices
Value of Forward at Future Date
Bond Forward Contracts
Lecture 4:
Bond Forward Example Contd
LIBOR
Forward Rate Agreement (FRA)
Currency Forward
Futures
Futures Contracts’ Margins
Futures’ Margin Example
Lecture 5:
Margin Account Example Continued
Floor Traders & Brokers
Futures’ Settlement
T-Bill & Eurodollar Futures
Medium & Long Term Futures
Stock & Index Futures
Lecture 6:
Introduction to Options: Calls and Puts
Types of Options: Stock; Interest Rate; Currency; & Commodities
Reasons for Derivatives Trading: Speculation
Lecture 7:
Reasons for Derivatives Trading: Speculation Continued
Reasons for Derivatives Trading: Hedging
Put Call Parity
Lecture 8:
Put Call Parity Continued
Arbitrage Profit from Violation of Parity
Creating Synthetic Assets
Insurance Value of Call Options
Lecture 9:
Insurance Value of Call Options Continued
Swaps: Interest Rate; Currency; & Equity
Contingent Contracts
Lecture 10:
Option Strategies: Covered Call; Protective Put; Bull Spread; Bear Spread; Butterfly Spread; Collar; and Straddle
ACC101: Introduction to Accounting
Lecture 1:
Introduction to Accounting and Financial Statements:
a) Balance Sheet
b) Cash Flow Statement
Lecture 2:
Further Financial Statements:
a) Income Statement
b) Statement of Retained Earnings
c) Management Discussion and Analysis
d) Notes to Financial Statements
Financial Statements on the Internet
Lecture 3:
Preparing Financial Statements for a Sample Firm Directly from Transactions
Lecture 4:
Journal
Ledger and T-Accounts
Journalizing Transactions
Lecture 5:
Review of the Debit/Credit Convention
Posting to the T-Accounts
Lecture 6:
Another Example of Posting
Trial Balance
Lecture 7:
Spreadsheet Program for T-Accounts and Trial Balance
Adjusting Entries
Lecture 8:
Adjusting Entries Example
Journalizing and Posting Adjusting Entries
Adjusted Trial Balance
Lecture 9:
Work Sheet
Closing Entries
Journalizing and Posting Closing Entries
Lecture 10:
Post Closing Trial Balance; Completing Income Statement & Statement of Retained Earnings; Work Sheet Completed; Reversing Entries; and Measures of Liquidity
ACC201 Assets & Liabilities
ACC 201 Lecture 1 Topics
1) Depreciation Methods: Straight Line; Sum of Year’s Digits; and Double Declining
2) Depreciation Methods: Sinking Fund; Units of Production; and Depletion
3) Effect of Depreciation Methods, Salvage Value, and Depreciable Life on NI, Taxes, ROA, Assets etc.
ACC 201 2 Lecture Topics
1) Impairment
2) SFAS 143 & Asset Retirement Obligations (ARO)
3) Inventory Costs: FIFO, LIFO & Average
ACC 201 3 Lecture Topics
1) FIFO, LIFO COGS Example
2) Constancy of COGS and End Inventory
3) FIFO, LIFO Effect on Financial Numbers & Ratios
4) LIFO Reserve
5) LIFO Liquidation
6) Difference Between GAAP & IAS
ACC 201 4 Lecture Topics
1) Example: LIFO to FIFO
2) Taxes: Book & Tax Statements
3) Deferred Tax Assets & Liabilities (DTAs & DTLs)
4) Deferral Method & Liability Method
5) Example: DTL
ACC 201 5 Lecture Topics
1) Example: DTA Due to Warranty Expenses
2) Impact of Tax Rate Changes on DTAs, DTLs, & Tax Expense
3) Real Value of DTLs?
4) Debt: Par Bonds
5) Debt: Premium Bonds
ACC 201 6 Lecture Topics
1) Example: Premium Bond
2) Example: Discount Bond
3) Zero Coupon Bond
ACC 201 7 Lecture Topics
1) Example: Zero Coupon Bond
2) Leases: Criteria for Capital Lease vs. Operating Lease
3) Example of Capital Lease
4) Advantages & Disadvantages of CL & OL
ECON101 Economics I
ECON 101 Lecture 1 Topics
1) Microeconomic Analysis and Utility Functions (00:15)
2) Marginal Analysis (04:38)
3) Marginal Utilities and Prices at Optimum (09:35)
4) Aggregate Demand (15:39)
5) Price Elasticity of Demand (16:55)
ECON 101 Lecture 2 Topics
1) Differing Elasticities and Total Demand (00:15)
2) Supply of Goods (04:10)
3) Variable and Fixed Costs (05:06)
4) Average and Marginal Cost Schedules (07:19)
5) Economies and Diseconomies of Scale (15:27)
6) 3 Kinds of Markets: Competitive; Oligopolistic; and Monopolistic (16:05)
ECON 101 Lecture 3 Topics
1) Profit Maximizing Output for Firms (00:15)
2) Marginal Cost Changes with Quantity (04:40)
3) Equilibrium in a Competitive Market (05:14)
4) Efficiency of Competitive Markets (09:56)
5) Short Term Price Changes and Long Term Equilibrium (11:57)
6) Equilibrium in Monopolistic Markets (18:27)
ECON 101 Lecture 4 Topics
1) Oligopolistic Equilibrium and Price Fixing (00:15)
2) Inputs and Profit Maximization (01:37)
3) Income Elasticity (04:53)
4) Macroeconomic Analysis: Business Cycles (05:17)
5) Unemployment (06:46)
6) Inflation (10:11)
7) Fiscal Policy (12:37)
8) Keynesian Economics (13:11)
ECON 101 Lecture 5 Topics
1) Monetarism (00:15)
2) Rational Expectations (02:29)
3) Macroeconomic Policy (04:23)
4) Automatic Stabilizers (08:56)
5) Money Supply (10:02)
6) Banks (11:33)
7) Bank Runs and the FDIC (16:10)
8) Federal Reserve (17:40)
ECON 101 Lecture 6 Topics
1) Fed’s Policy Impact on Economy (00:15)
2) US Treasury (03:30)
3) Monetary Policy (03:55)
4) Quantity Theory of Money (07:05)
5) Money Supply and Inflation (09:04)
6) Leading Economic Indicators (10:18)
7) Activist, Nonactivist Views and Lags (12:41)
8) Adaptive and Rational Expectations (16:11)
9) Nonactivist View of Monetary Policy (18:32)
ECON 101 Lecture 7 Topics
1) Financial Institutions and Markets: Financial Intermediaries; and Stock Markets (00:15)
2) Interest Rates: Real and Nominal; Risk-free and Risk Premium (04:12)
3) International Trade: Absolute and Comparative Advantage (07:44)
4) Foreign Exchange: Bid and Ask Prices (14:11)
5) Direct and Indirect Rates (16:41)
6) Cost of Roundtrip (19:13)
ECON 101 Lecture 8 Topics
1) Roundtrip Costs Continued (00:15)
2) Foreign Exchange Cross Rates (01:48)
3) Triangular Arbitrage (05:32)
4) Foreign Exchange Spot Future Parity (Covered Interest Rate Arbitrage) (08:41)
5) Balance of Payments: Components (17:07)
ECON 101 Lecture 9 Topics
1) Factors Influencing Currency Rates (00:15)
2) Exchange Rates Regimes (01:19)
3) Exchange Rate Parity Relations (2:41)
4) Purchasing Power Parity (PPP) (3:00)
5) International Fisher Relation (06:20)
6) Uncovered Interest Rate Parity (09:15)
7) BOP and Exchange Rates (11:46)
8) Asset Market Approach (12:40)
STAT101: Statistics
I
STAT101 Lecture 1 Topics
1) Descriptive Statistics (00:15)
2) Mean and Standard Deviation (02:15)
3) Population of Reds and Blues (08:23)
4) Distributions: Discrete and Continuous (12:13)
5) The Normal Distribution (15:36)
STAT101 Lecture 2 Topics
1) Standard Normal Variable and Tables (00:15)
2) Inferential Statistics: Random Variables and Samples (08:57)
3) Samples and Inferences: Classical (Frequentist) and Bayesian (14:04)
4) Populations and Probability Distributions of Samples (16:31)
STAT101 Lecture 3 Topics
1) Populations and Probability Distributions of Samples Contd.
(00:15)
2) Distribution of Sample Means and the Central Limit Theorem (05:37)
3) Null Hypothesis: Reject and Fail to Reject (14:55)
STAT101 Lecture 4 Topics
1) Hypothesis Testing: Distribution of Sample Means Implied by CLT (00:15)
2) Region of Rejection and Region of Failure to Reject (02:59)
3) The p-value (14:10)
4) Recap of Classical Hypothesis Testing: 6 Steps (16:49)
STAT101 5 Lecture Topics
1) One-Tailed and Two-Tailed Tests (00:15)
2) Type I Error (08:36)
3) Type II Error (12:42)
STAT101 Lecture 6 Topics
1) t-distribution and the Testing of Hypothesis when Population Standard Deviation has to be Estimated (00:15)
2) Confidence Intervals (04:34)
STAT101 Lecture 7 Topics
1) Confidence Intervals Contd. (00:15)
2) Difference of Means (00:51)
3) Paired Comparison Test (04:02)
4) Tests of Variances: Chi-squared and F-stat (09:26)
5) Covariance & Correlation Coefficient (17:18)
STAT101 Lecture 8 Topics
1) Correlation Coefficient Contd. (00:15)
2) Correlation and Causality (01:02)
3) Testing for Correlation (03:05)
4) Outliers (08:00)
5) Linear Regressions (08:53)
6) Vector Representation (11:18)
7) OLS Estimators (12:18)
STAT101 Lecture 9 Topics
1) OLS Estimators: Hypothesis Testing (00:15)
2) OLS Estimators: Confidence Intervals (03:14)
3) Analysis of Variance (06:22)
4) R-squared (08:53)
5) Confidence Interval for
Forecasts of Y (09:51)