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Finance - Time Value of Money and Expected Value

Finance - Time Value of Money and Expected Value
Time Value of Money & Expected Value - Knowledge Clarkson

When you complete this experience, you are more skilled at making informed financial decisions based on the time value of money and its effects on financial investments.

As a participant, you will:

  • Demonstrate knowledge of the time value of money and its effects on financial investment decisions.
    Consider how chance and probability relate to organizational and personal financial activities.
  • Being skilled at making sound financial decisions can mean you are equipped to make trusted contributions and increase your value to the organization’s bottom line.

This course is recommended for anyone in all disciplines seeking to sharpen their finance skills.

Earning this microcredential requires demonstrated knowledge of the time value of money and its effects on financial investment decisions, and how chance and probability relate to organizational and personal financial activities.

Earners’ knowledge of the following has been assessed and verified:

  • Articulate the concepts of time value of money, compound interest, future value, present value, internal rate of return, investment decisions, chance and probability, and expected value.
  • Calculate compound interest, future values, present values, payments, internal rate of returns, probability and conditional probability, and expected values.
  • Evaluate investment decisions based on different models and criteria.
  • Apply a knowledge of all the topics towards robust financial decision making activities

At Clarkson, our microcredentials are designed by industry experts, built by educators.

You earn a digital badge to signal specific achievement to your professional network. These are concise, specialized skills and knowledge, providing a flexible and efficient way for learners to acquire industry-relevant competencies. The digital badge is verified through Open Badge Factory and can be added to your LinkedIn, resume, online portfolio or more.

The Finance: Time Value of Money & Expected Value micro-credential is composed of the following 7 learning modules: 

  • Module 1 – Introduction to the Time Value of Money, 
  • Module 2 – Compound Interest, 
  • Module 3 – Future Value, Present Value, Payments, 
  • Module 4 – Internal Rate of Return, 
  • Module 5 – Investment Decisions, 
  • Module 6 – Chance, Probability, Conditional Probability, 
  • Module 7 – Expected Value Analysis. Within each module is a lesson, instructional resources, e.g., PDF articles, webpages, or videos, and an assessment.

An earner’s knowledge is assessed and verified via the following:

  • Completion of an expected value analysis using a spreadsheet program, e.g., Microsoft Excel. 
  • Several exams (multiple choice) designed to assess/verify understanding of foundational terminology and concepts. 
  • Several self-assessment quizzes (True/False) designed to help learners evaluate their own levels of understanding.

An earner must:

  • Work through the microcredential course curriculum.
  • Pass each exam with a score of 80% of higher (multiple attempts are allowed).
  • Submit a completed “Expected Value Analysis” spreadsheet file (.xlsx) with a score of 100%.

Enroll NowAvailable to current students, faculty & staff.

  Skills

Time Value of Money, Compound Interest, Future Value, Present Value, Payments, Internal Rate of Return, Investment Decisions, Chance, Probability, Conditional Probability, Expected Value Analysis, Net Present Value.

  Delivery

Self-paced online

  Schedule

Ongoing with continuous enrollment.

  Prerequisites

None

  Completion

10 hours or less

Play video

Sample Lesson

In this overview video, Dr. John Yelle introduces himself and the Finance: Time Value of Money and Expected Value microcredential: the curriculum and the value of the topic.  

Watch the Finance: Time Value of Money and Expected Value Sample Lesson

Meet Your Instructor

Dr. Yelle possesses a unique combination of professional and academic experience, and thoroughly enjoys sharing this quality with participants in career development programs.

Professionally, Dr. Yelle has been in upper management for over 35 years, leading organizations in the fields of operations, finance, accounting, general administrative functions, lean manufacturing, acquisitions and joint ventures, and strategic planning and execution. He has worked for an international chemical company, a renowned cutlery manufacturer, a major jet engine manufacturer, and currently holds a senior leadership position for a consortium of manufacturing companies operating by a not-for-profit organization.

Academically, he has taught undergraduate and graduate college classes for several institutions for over 15 years, covering accounting, finance, operations management, labor relations, and organizational theory-related topics. Dr. Yelle holds six degrees, including an MBA, Masters in Accounting, and a Doctorate in Management & Organizational Theory.

Get Ready to Learn

Clarkson students, faculty and staff: All students at Clarkson are encouraged to earn microcredentials. Sign up to get started right away. When you click to enroll, login using Clarkson email and proceed to microcredential learning.

New and Returning Guests: if you are an alum, partner or friend of Clarkson - Welcome! We have many microcredentials that are available for you to sign up for. If returning, simply login using your own email or if new, click to create a new account. Follow prompts for pricing and payment. Begin learning in no time at all.

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