Incorporating the Bloomberg Professional Terminal into an ...

Incorporating the Bloomberg Professional Terminal into an Introductory Finance Course

Bryan P. Schmutz Assistant Professor of Finance Western New England University bryan.schmutz@wne.edu

June 24, 2016

Bloomberg in an Introductory Course

1. Why? 2. Access to the Bloomberg Terminal 3. Assignment #1 - Getting Started 4. Assignment #2 - Financial Statements 5. Assignment #3 - Financial Ratios 6. Assignment #4 - Interest Rates 7. Assignment #5 - Bonds 8. Assignment #6 - Stocks 9. Assignment #7 - Risk and Return - Beta and CAPM 10. Assignment #8 - Weighted Average Cost of Capital and Capital Structure 11. Conclusion/Questions

Why include Bloomberg in an Introductory Course?

Effectiveness of technology in the classroom Increase student engagement and understanding Improve the students' learning experience Possibly present more advanced material

[See Kazemi 2015; Lass, Morzuch and Rogers 2007; Cahill and Kosicki 2000; Walbert and Ostrosky 1997)

Experiential or `Hands-on' learning experience Spans range of learning styles Greater retention of material and enthusiasm

[See Croushore and Kazemi 2014; Payne and Tanner 2011; Dolan and Stevens 2006; Millengah and Millspaugh 2003]

The `recruiting' component of an introductory course

Access to Bloomberg

6 -7 Introduction to Finance classes per year

25-30 students per class (sometimes fewer)

Trading Room is open to all students approximately 37-40 hours a week

Assignments minimize Terminal screen time

Excel & PDF download Screen Grabs (GRAB)

Assignment # 1 Getting Started

Topics Covered Getting familiar with the terminal Finance job search Basic company info/ description Internal and external players Current news

Terminal Functions Used JOBS - Job search DES - Company description MGMT - Management structure and profile SPLC - Supply chain analysis CN - Current news GRAB - Screen grab

JOBS SPLC

MGMT CN

DES (Page 1)

DES (Page 2)

DES (Page 5)

Assignment # 2 Financial Statements

Topics Covered Financial Statements

Balance Sheet Income Statement Statement of Cash Flows Cash Flow From Assets Calculation Excel

Terminal Functions Used FA - Financial Analysis Export to Excel (or PDF)

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