Finance for Everyone: Debt

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课程简介

McMaster University

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Welcome! This first week will introduce you to a critical question for our time: how much debt is too much debt? We start by demonstrating why using debt has always been and continues to be a great temptation, particularly when borrowing costs are historically low. Then we’ll delve into Personal Debt and how building your financial literacy as well as tapping into your own motivations can help you manage your debt level, instead of it managing you. You will make connections between Debt and concepts in the prior three courses of this Specialization, and start examining what area of debt from your experiences that you would like to address as part of this course’s final assignment.

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In Debt, we take on one of the most challenging financial questions that remains unresolved: How much to borrow? We start by demonstrating why using debt has always been and continues to be a great temptation, particularly when borrowing costs are historically low. We identify conditions for selecting the optimal amount of debt for a corporation looking to maximize its value. You’ll become fluent in related concepts like norms and benchmarks. You will explore these and other factors that influence debt for individuals and for public sector organizations -including governments, who are the largest consumers of debt. Like pollution, debt creates systemic risks even for the people and organizations that don’t create it. This course discusses the imperative of limiting and reducing debt and the costs to all of us if we don’t. We build on case based learning giving you opportunities to interpret, uncover and acquire financial information that is often hidden or missing. We also summarize important threads from previous courses to give you a deep and cohesive understanding of when debt works for you and when it becomes your worst enemy.

所有人的财务:债务:在债务方面,我们要解决的最具挑战性的财务问题之一是:要借多少?我们首先说明为什么使用债务一直是并且仍然是一个巨大的诱惑,尤其是在借款成本历来较低的情况下。我们确定了为寻求最大价值的公司选择最佳债务金额的条件。您会精通相关概念,例如规范和基准。您将探讨影响个人和公共部门组织(包括最大债务消费者的政府)债务的这些因素和其他因素。像污染一样,债务也会带来系统性风险,即使对于没有造成债务的人和组织也是如此。本课程讨论了限制和减少债务的必要性以及我们所有人不承担的费用。我们基于案例学习,使您有机会解释,发现和获取经常隐藏或缺失的财务信息。我们还总结了以前课程中的重要线索,以使您对债务何时为您服务以及何时成为您的最大敌人有深刻而一致的理解。

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