Course Summary
Learn how to make better decisions in your personal and professional life with this course from Wharton School of the University of Pennsylvania. Through real-life scenarios, you will develop critical thinking skills and gain insights into decision-making processes.Key Learning Points
- Understand the key elements of decision-making
- Learn how to identify and evaluate alternatives
- Develop critical thinking skills to make better decisions
Related Topics for further study
Learning Outcomes
- Develop skills to make better decisions in personal and professional life
- Understand the importance of critical thinking
- Gain insights into decision-making processes
Prerequisites or good to have knowledge before taking this course
- Basic understanding of business concepts
- Willingness to learn and apply critical thinking skills
Course Difficulty Level
IntermediateCourse Format
- Online self-paced
- Video lectures
- Real-life scenarios
Similar Courses
- Critical Thinking and Problem Solving
- Data-Driven Decision Making
Notable People in This Field
- Dan Ariely
- Annie Duke
Related Books
Description
This course is designed to show you how use quantitative models to transform data into better business decisions. You’ll learn both how to use models to facilitate decision-making and also how to structure decision-making for optimum results. Two of Wharton’s most acclaimed professors will show you the step-by-step processes of modeling common business and financial scenarios, so you can significantly improve your ability to structure complex problems and derive useful insights about alternatives. Once you’ve created models of existing realities, possible risks, and alternative scenarios, you can determine the best solution for your business or enterprise, using the decision-making tools and techniques you’ve learned in this course.
Outline
- Evaluation Criteria: Net Present Value
- Course Introduction & Overview
- 1.1 Introduction: Criteria for Evaluating Projects
- 1.2 Time Value of Money
- 1.3 NPV Analysis of Projects
- 1.4 Other Evaluation Techniques
- 1.5 The Cost of Capital
- PDFs of Lecture Slides
- Excel Spreadsheets: Module 1
- Evaluation Criteria: Module 1 Quiz
- Evaluating Projects
- 2.1 Introduction and Analyzing Incremental After-Tax Cash Flows - Initial Investment Phase
- 2.2 Analyzing Incremental After-Tax Flows - Operating Phase
- 2.3 Analyzing Incremental After-Tax Flows - Terminal Phase
- 2.4 Example: New Production Machine
- 2.5 Key Considerations in Evaluations
- PDFs of Lecture Slides
- How to Evaluate Projects: Module 2 Quiz
- Expressing Business Strategies in Financial Terms
- 3.1 Introduction to Financial Statements
- 3.2 Balance Sheets and Income Statements
- 3.3 Cash Flow Statements
- PDFs of Lecture Slides
- Financial Statements and Forecasting: Module 3 Quiz
- New Product Value
- 4.1 Introduction and Speadsheet Setup
- 4.2 Forecasting Future Cash Flows
- 4.3 NPV and IRR Calculations
- 4.4 Formulation and Evaluation of Alternative Scenarios
- 4.5 Expanding Beyond the Time Horizon
- Course Conclusion
- PDFs of Lecture Slides
- Excel Spreadsheets: Module 4
- Calculating Value: Module 4 Quiz
Summary of User Reviews
The Wharton Decision Making Scenarios course on Coursera has received positive reviews from users. The course is highly recommended and praised for its real-world case studies that help learners understand decision making in complex business situations.Key Aspect Users Liked About This Course
Real-world case studiesPros from User Reviews
- In-depth analysis of complex business scenarios
- Interactive and engaging course content
- Excellent instruction by Wharton School faculty
- Practical application for decision-making skills
Cons from User Reviews
- Limited opportunities for interaction with instructors
- Not suitable for beginners with no prior knowledge of business concepts
- Some users found the course content to be too challenging
- The course requires a significant time commitment
- No certificate of completion for free learners
Richard Lambert
4.6 Raiting
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