What Is Data-Driven Decision-Making (DDDM)?
November 25, 2024
Article · 6 min read
This course is part of Foundational Finance for Strategic Decision Making Specialization
Instructor: Gautam Kaul
33,634 already enrolled
Included with
(925 reviews)
Recommended experience
Beginner level
Some exposure to algebra and problem-solving
(925 reviews)
Recommended experience
Beginner level
Some exposure to algebra and problem-solving
To be able to understand and apply one of the two main building blocks of finance - Time Value of Money (TVM)
To evaluate alternatives
To make decisions
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The strength of finance is that it takes a structured approach to decision making, with one key building block underlying all decisions — understanding the value of time, or the Time Value of Money (TVM). In this course, we will develop this building block using introductory, and simple, applications. We will learn about the Time Value of Money (TVM), Simple Future Value (FV) , Simple Present Value (PV) , Future Value of Annuity, Loans, compounding, and Valuing Perpetuities. We will introduce the framework in a carefully structured and replicable way to prepare you to explore more advanced applications in the rest of the specialization. In the follow-on courses, we will expand the applications to more complex real-world decisions.
After completing this course, you will have an understanding of how the value of money changes over time. You will understand the implications of all your financial decisions, including saving for the future through different channels and borrowing for future needs. You will leave with the practical knowledge needed to make informed decisions on a wide range of financial decisions. This course is part of the four-course Foundational Finance for Strategic Decision Making Specialization.
This week, we introduce the framework of time value of money (TVM) in a carefully structured way, with a focus on Future Value using relatively simple applications. As mentioned in the Syllabus, all concepts are introduced using examples and you are strongly encouraged to pause the videos and do every problem.
6 videos4 readings
During this second week, we build on Week 1 and move to the much more often used concept of Present Value. We again use simple examples, focusing on situations we confront on a daily basis. All concepts are introduced using examples that you need to do yourself to stay on top of the concepts. The second week also provides you an opportunity to test your knowledge up to this point with a required submission of the first graded assignment.
2 videos1 reading2 assignments
During this week, we will progress to more complex concepts and applications of finance.
5 videos1 reading
This week ends the course with relatively complex applications of finance. We spend a lot of time on understanding how borrowing and lending really works. You will also get an opportunity to test your understanding of the basic principles of time value of money by submitting the second assignment for the course. You will also learn how top use Excel and show your competence in doing so.
4 videos2 readings2 assignments
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
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Reviewed on Oct 4, 2020
Real good initiative from Prof. Kaul to clarify all possible doubts regarding the plinth of Finance, i.e., Time Value of Money. I consider myself to be fortunate.
Reviewed on Apr 6, 2022
Practice tests were a litlle bit tough but the material was explained in easy way so I appreciated this course. Although it didn`t take much time, I learnt a lot of new information. Thank you!
Reviewed on May 12, 2020
Very nice introduction course. It motivates you to gon on to more complex things with a simple but solid foundation. The professor is the most engaging I've had in Coursera.
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