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Gautam Kaul
This course is an introduction to decision-making criteria widely used in the real world and will help you understand the foundational principles of how most organizations make decisions. This course is part of a specialization titled “Foundational Finance...
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This course is an introduction to decision-making criteria widely used in the real world and will help you understand the foundational principles of how most organizations make decisions. This course is part of a specialization titled “Foundational Finance for Strategic Decision-Making” and is helpful if you are interested in applying to an MBA degree program or learning the foundations of finance to be more effective in your career. This course is applied and problem-based with assignments that are intentionally introductory and simpler than real-world applications you will confront when making day-to-day financial decisions and in more advanced courses.
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Targets those interested in an MBA program or advancing their careers in finance
Emphasizes foundational principles of decision-making widely applied in organizations
Taught by Gautam Kaul, an experienced finance professional
Part of a specialization designed for those seeking a strong foundation in finance
Focuses on applied learning through problem-based assignments
Assignments designed to be introductory and approachable for beginners

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Reviews summary

Highly rated decision-making course

Decision Criteria & Applications is a highly rated course that is part of a specialization titled “Foundational Finance for Strategic Decision-Making”. With a very positive sentiment, this course will help you understand foundational principles of decision-making. Students found the content very helpful, insightful, and enjoyable. However, it is noted that some of the assignments may be tricky. Overall, the professor is noted for being amazing, and the course is considered a great value.
The professor is amazing and provides great insights.
"Great Professor with some really amazing insights."
"I really enjoy the course from prof. Well and clear explain."
"The course was the perfect segue to the first course, and Professor Kaul is one of the best educators I've had..."
Course is very helpful in understanding decision-making criteria.
"Very Helpful Course"
"Very useful. Allow us to open our mindset."
"This course is an Applied and problem-based with assignments that are intentionally introductory and simpler than real-world applications you will confront when making day-to-day financial decisions..."
Course content is somewhat limited and expected more topics.
"The course content is very limited, I was expecting a lot more topics to be covered..."
Some assignments may be tricky and require external resources.
"The formulae are a bit confusing and the assignments are tricky without Googling some external concepts."
"You will definitely need additional resources for this course beyond the lectures if you aren't already proficient in the subject matter."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Decision Criteria & Applications with these activities:
Review basic finance concepts
Refreshing basic concepts will help you better understand the decision-making criteria covered in this course.
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  • Review key terms and concepts related to finance, such as present value, future value, time value of money.
  • Solve practice problems to test your understanding.
Read a book on financial decision-making
Reading a book on financial decision-making will provide you with a comprehensive understanding of the different criteria used in practice.
Show steps
  • Find a book on financial decision-making that is appropriate for your level.
  • Read the book and take notes on key concepts.
  • Complete any exercises or case studies presented in the book.
Watch tutorials on decision-making criteria
Watching tutorials will provide you with additional explanations and examples of how to apply decision-making criteria in practice.
Browse courses on Net Present Value
Show steps
  • Search for tutorials on decision-making criteria online
  • Watch tutorials and take notes on key concepts
  • Try to apply the concepts to real-world examples
Four other activities
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Show all seven activities
Discuss decision-making criteria with classmates
Discussing with classmates will give you the opportunity to exchange ideas, learn from others' perspectives, and identify areas where you need further clarification.
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Show steps
  • Find a study group or connect with classmates online
  • Choose a specific topic or case study related to decision-making criteria
  • Discuss the topic, share your understanding, and ask questions.
Create a mind map of decision-making criteria
Creating a mind map will help you visualize and organize the different decision-making criteria and their relationships.
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Show steps
  • Start with a central concept, such as "Decision-Making Criteria"
  • Draw branches for each of the main criteria, such as "Net Present Value" and "Internal Rate of Return"
  • Add sub-branches for additional details and explanations.
Solve practice problems on decision-making criteria
Solving practice problems will help you develop proficiency in applying decision-making criteria to different scenarios.
Browse courses on Net Present Value
Show steps
  • Find practice problems on decision-making criteria online or in textbooks.
  • Solve the problems using the appropriate techniques.
  • Check your answers against the provided solutions and identify areas for improvement.
Develop a decision-making framework for a real-world problem
Developing a decision-making framework will allow you to apply the concepts learned in this course to a practical context.
Browse courses on Net Present Value
Show steps
  • Identify a real-world problem that requires a financial decision.
  • Research different decision-making criteria and select the most appropriate ones for the problem.
  • Develop a decision-making framework that incorporates the selected criteria.
  • Test the framework by applying it to the real-world problem and analyzing the results.

Career center

Learners who complete Decision Criteria & Applications will develop knowledge and skills that may be useful to these careers:
Financial Analyst
Financial Analysts use their knowledge of finance and economics to analyze, interpret, and make recommendations on investment decisions. They use decision criteria and applications to evaluate the risk and return of different investments and make recommendations to clients accordingly. This course can provide a solid foundation in the principles of finance and decision-making, which is essential for success in this field.
Investment Banker
Investment Bankers help companies raise capital through debt or equity offerings. They use decision criteria and applications to assess the financial health of companies, determine the appropriate financing structure, and price the securities accordingly. This course can provide a foundation in the principles of finance, decision-making, and financial modeling, which are essential for success in this field.
Portfolio Manager
Portfolio Managers manage investment portfolios for individuals and institutions. They use decision criteria and applications to select and allocate investments, monitor performance, and make adjustments as needed. This course can provide a foundation in the principles of finance, portfolio management, and decision-making, which are essential for success in this field.
Financial Advisor
Financial Advisors provide financial advice to individuals and families. They use decision criteria and applications to assess clients' financial needs, recommend suitable investments, and develop financial plans. This course can provide a foundation in the principles of finance, financial planning, and decision-making, which are essential for success in this field.
Commercial Banker
Commercial Bankers provide financial services to businesses. They use decision criteria and applications to assess the creditworthiness of businesses, determine the appropriate loan terms, and manage risk. This course can provide a foundation in the principles of finance, commercial lending, and decision-making, which are essential for success in this field.
Risk Manager
Risk Managers identify, assess, and mitigate risks for businesses. They use decision criteria and applications to evaluate different types of risks, determine their potential impact, and develop strategies to manage them. This course can provide a foundation in the principles of risk management, decision-making, and financial modeling, which are essential for success in this field.
Auditor
Auditors examine financial records to ensure that they are accurate and compliant with regulations. They use decision criteria and applications to assess the reliability of financial statements, identify any irregularities, and make recommendations for improvements. This course can provide a foundation in the principles of accounting, auditing, and decision-making, which are essential for success in this field.
Management Consultant
Management Consultants provide advice to businesses on how to improve their operations and achieve their goals. They use decision criteria and applications to analyze business processes, identify areas for improvement, and develop recommendations for change. This course can provide a foundation in the principles of business analysis, decision-making, and organizational development, which are essential for success in this field.
Data Analyst
Data Analysts use data to identify trends, make predictions, and solve problems. They use decision criteria and applications to collect, analyze, and interpret data, and develop insights that can help businesses make better decisions. This course can provide a foundation in the principles of data analysis, statistics, and decision-making, which are essential for success in this field.
Business Analyst
Business Analysts analyze business processes and systems to identify areas for improvement. They use decision criteria and applications to gather requirements, develop solutions, and implement changes. This course can provide a foundation in the principles of business analysis, systems analysis, and decision-making, which are essential for success in this field.
Product Manager
Product Managers develop and manage products for businesses. They use decision criteria and applications to research market needs, identify product opportunities, and develop product specifications. This course can provide a foundation in the principles of product management, marketing, and decision-making, which are essential for success in this field.
Marketing Manager
Marketing Managers develop and execute marketing campaigns to promote products and services. They use decision criteria and applications to research target markets, identify marketing channels, and develop marketing strategies. This course can provide a foundation in the principles of marketing, advertising, and decision-making, which are essential for success in this field.
Operations Manager
Operations Managers plan and execute business operations to ensure that they are efficient and effective. They use decision criteria and applications to optimize processes, manage resources, and meet customer demands. This course can provide a foundation in the principles of operations management, process improvement, and decision-making, which are essential for success in this field.
Sales Manager
Sales Managers lead sales teams and develop sales strategies to achieve revenue targets. They use decision criteria and applications to forecast sales, manage customer relationships, and motivate sales teams. This course can provide a foundation in the principles of sales management, customer relationship management, and decision-making, which are essential for success in this field.
Project Manager
Project Managers plan and execute projects to achieve desired outcomes. They use decision criteria and applications to define project scope, develop project plans, and manage project risks. This course can provide a foundation in the principles of project management, risk management, and decision-making, which are essential for success in this field.

Reading list

We've selected 13 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Decision Criteria & Applications.
Provides a comprehensive overview of decision-making theory and risk analysis, with a focus on engineering applications. It covers topics such as probability theory, decision theory, and risk assessment.
Provides a rigorous introduction to the theory of decision-making. It covers topics such as expected utility theory, game theory, and Bayesian inference.
Provides a comprehensive treatment of Bayesian decision theory. It covers topics such as Bayesian networks, influence diagrams, and value of information.
Provides a practical guide to business analytics. It covers topics such as data analysis, predictive modeling, and decision-making.
Provides a comprehensive overview of cognitive psychology and decision-making. It covers topics such as attention, memory, and judgment.
Provides a practical guide to decision-making. It covers topics such as problem-solving, risk assessment, and negotiation.
Provides a comprehensive overview of behavioral decision-making. It covers topics such as heuristics, biases, and framing effects.
Provides an introduction to neuroeconomics. It covers topics such as the neural basis of decision-making, risk aversion, and social preferences.
Provides a comprehensive overview of rational choice theory. It covers topics such as game theory, social choice theory, and welfare economics.
Provides a comprehensive overview of decision-making in economics. It covers topics such as game theory, information economics, and behavioral economics.
Provides a comprehensive overview of decision-making in psychology. It covers topics such as cognitive psychology, social psychology, and clinical psychology.
Provides a comprehensive overview of decision-making in management. It covers topics such as strategic decision-making, risk management, and negotiation.

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