FM_RL_1.1.1.2

Summary

In this introductory lecture on financial management, Krishna Madhavan explains the flipped classroom approach for the course. Students will engage with pre-recorded lectures to grasp foundational concepts before attending live classes, where advanced topics and practical applications, like problem-solving and Excel modeling, will be covered. The course emphasizes active learning, including case studies and simulations, to bridge theory with real-world finance challenges. Krishna encourages students to take ownership of their learning, review materials, and participate in discussions to fully benefit from the course and effectively collaborate with finance professionals.

Takeaways

• 😀 The course is delivered in a flipped classroom format, blending recorded lectures with live classes.
• 😀 Pre-recorded lectures should be reviewed ideally one week before each live class to grasp basic concepts.
• 😀 Active learning in live classes will focus on applying the concepts learned from recorded lectures, especially advanced and difficult topics.
• 😀 Excel is essential for the course, and students are expected to use it for financial modeling and problem-solving.
• 😀 Case studies and simulations will be used to deepen understanding of concepts and encourage hands-on application.
• 😀 Students are encouraged to complete pre-class assignments and actively engage in post-class activities, including reviewing materials and solving problems.
• 😀 Interaction with the instructor is encouraged through emails and participation in discussion forums.
• 😀 The goal of the course is to ensure students can effectively interact with finance managers in the workplace, no matter their primary role.
• 😀 Understanding basic financial concepts is critical for career advancement, regardless of the field or department one works in.
• 😀 Active participation and review outside of class are key to truly mastering the material and achieving the course's objectives.

Q & A

What is the main difference between the flipped classroom model and traditional classroom teaching?

The flipped classroom model involves pre-recorded lectures that students review before the live class. This contrasts with traditional classes where instructors deliver lectures in real-time, and students passively listen during class hours.

How does the flipped classroom approach help in the financial management course?

In the financial management course, the flipped classroom allows students to grasp basic concepts through pre-recorded lectures and then apply those concepts interactively in live classes, which focus on advanced topics, problem-solving, and real-world applications.

What is the role of Excel in the financial management course?

Excel is crucial for building financial models, performing calculations, and solving problems in the course. The instructor requires students to have Excel installed on their laptops to use it in simulations and case study analysis.

What kind of pre-class preparation is expected of students in this course?

Students are expected to replay recorded lectures one week before the live class to familiarize themselves with the basic concepts, review course materials, and complete any pre-class assignments to engage with the upcoming topics.

How does active learning contribute to the flipped classroom model?

Active learning in the flipped classroom allows students to apply the knowledge they have gained through pre-recorded lectures. In live classes, students engage in problem-solving, case studies, and simulations, making learning more interactive and practical.

What is the importance of case studies in this course?

Case studies provide real-world examples to deepen understanding of financial management concepts. They encourage students to analyze complex scenarios and discuss solutions collaboratively during the live class.

What is the purpose of simulation exercises in the course?

Simulation exercises, such as games, help students understand key financial concepts like working capital management. By participating in these activities, students gain hands-on experience in applying theoretical knowledge to real-world situations.

What is the expectation regarding post-class activities?

Post-class activities involve reviewing class material, revisiting difficult concepts, engaging in discussion forums, and solving problems. This effort outside of class is essential for reinforcing learning and ensuring mastery of the course content.

How does the flipped classroom encourage students to take an active role in their learning?

The flipped classroom model encourages students to take an active role by requiring them to engage with pre-class materials, participate in live class discussions, and actively work on post-class activities like problem-solving and using discussion forums to collaborate with peers.

Why is financial management considered essential for career progression?

Financial management is key for career progression because it equips professionals with the ability to interact effectively with finance managers, understand financial terminology, and make informed decisions that impact business operations and growth.