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)