- Level Foundation
- Duration 33 hours
- Course by Yale University
-
Offered by
About
An overview of the ideas, methods, and institutions that permit human society to manage risks and foster enterprise. Emphasis on financially-savvy leadership skills. Description of practices today and analysis of prospects for the future. Introduction to risk management and behavioral finance principles to understand the real-world functioning of securities, insurance, and banking industries. The ultimate goal of this course is using such industries effectively and towards a better society.Modules
Lesson #1 - Welcome to the Course
1
Assignment
- Lesson #1 Quiz
1
Discussions
- Why is this course important to you?
4
Videos
- Welcome video
- Financial Markets Introduction
- Your Teaching Assistant, Arun!
- Good and Evil
1
Readings
- Disclaimer regarding Discussion Boards
Lesson #2
1
Assignment
- Lesson #2 Quiz
5
Videos
- VaR and Stress Tests
- S&P 500
- Joe McNay Story
- Distribution and Outliers
- Chalk Talk - Covariance
Lesson #3
1
Assignment
- Lession #3 Quiz
5
Videos
- Insurance Fundamentals
- Insurance Milestones
- Insurance is a Local Phenomenon
- Health Insurance
- Disasters
Lesson #4
1
Assignment
- Lesson #4 Quiz
9
Videos
- Eggs in One Basket
- Salon - Risk
- CAPM
- Chalk Talk: Beta
- Chalk Talk: CAPM and Diversification
- Short Sales
- Calculating the Optimal Portfolio
- Efficient Portfolio Frontier
- Chalk Talk - Gordon Growth Model
Honors Lessons #1-4
1
Assignment
- Module 1 Honors Quiz
Lesson #5
1
Assignment
- Lesson #5 Quiz
6
Videos
- Invention Takes Time
- Salon - Innovation
- Limited Liability
- Inflation Indexed Debt
- Unidad de Fomento
- Real Estate: Risk Management Devices
Lesson #6
1
Assignment
- Lesson #6 Quiz
4
Videos
- Forecasting
- Intuition of Efficiency
- Price as PDV
- Doubting Efficiency
Lesson #7
1
Assignment
- Lesson #7 Quiz
7
Videos
- Introduction to Behavioral Finance
- Prospect Theory
- Chalk Talk - More on Prospect Theory
- Logical Fallacies
- The Brain
- Magical Thinking
- Personality Disorders
Honors Lessons #5-7
1
Assignment
- Module 2 Honors Quiz
Lesson #8
1
Assignment
- Lesson #8 Quiz
8
Videos
- 1982 Savings Account
- Federal Funds and Interest Rates
- Compound Interest
- Discount Bonds
- Consol and Annuity
- Forward Rates and Expectation Theory
- Inflation
- Leverage
Lesson #9
1
Assignment
- Lesson #9 Quiz
10
Videos
- Market Capitalization by Country
- The Corporation
- Shares and Dividends
- Common vs. Preferred
- Corporate Charter
- Corporations Raise Money
- Dilution
- Share Repurchase
- PDV of Expected Dividends
- Why do firms pay dividends?
Honors Lessons #8-9
1
Assignment
- Module 3 Honors Quiz
Lesson #10
1
Assignment
- Lesson #10 Quiz
12
Videos
- Salon - Recessions
- History of Mortgage Lending
- Commercial Real Estate Vehicles
- Mortgages, part 1
- Mortgages, part 2
- PMI, CMOs, CDOs
- Post Crisis Regulation
- Chalk Talks - Excess Reserves
- The Bubble, part 1
- The Bubble, part 2
- The Bubble, part 3
- Salon - Bubbles
Lesson #11
1
Assignment
- Lesson #11 Quiz
10
Videos
- Regulation Overview
- Salon - Regulation and housing
- Within Firm Regulation, part 1
- Within Firm Regulation, part 2
- Trade Groups
- Local Regulation
- National Regulation, part 1
- National Regulation, part 2
- National Regulation, part 3
- International Regulation
Peer Review Assignment
1
Peer Review
- Financialization of Housing
Honors Lessons #10-11
1
Assignment
- Module 4 Honors Quiz
Lesson #12
1
Assignment
- Lesson #12 Quiz
10
Videos
- Salon - Student Loans
- Forwards and Futures Introduction
- Forward Contracts
- Futures Contracts
- Rice Futures
- Wheat Futures
- Buying, Selling, and Settlement
- Fair Value in Futures Contracts
- Oil Futures
- SPI & FFR Futures
Lesson #13
1
Assignment
- Lesson #13 Quiz
6
Videos
- Options Overview
- Reading Options Pricing
- Why Options exist
- Ubiquity of Options
- Put / Call parity
- Using Options to Hedge
Honors Lessons #12-13
1
Assignment
- Module 5 Honors Quiz
Lesson #14
1
Assignment
- Lesson #14 Quiz
10
Videos
- Investment Banks Introduction
- The Underwriting Process
- IPOs
- Goldman Sachs and John Whitehead
- Ratings Agencies
- Glass Steagall
- Net Worth of the US
- The Prudent Person
- Salon - Advisors
- Mutual Funds and ETFs
Lesson #15
1
Assignment
- Lesson #15 Quiz
5
Videos
- Brokers and Dealers
- Exchanges
- Limit Order Book
- High Frequency Trading
- Payment for Order Flow
Lesson #16
1
Assignment
- Lesson #16 Quiz
4
Videos
- Government Debt
- Government involvement in Corporations
- Municipal Finance
- Government Social Insurance
Honors Lessons #14-16
1
Assignment
- Module 6 Honors Quiz
Lesson #17
1
Assignment
- Lesson #17 Quiz
4
Videos
- Nonprofits
- Cooperatives
- Alternative Forms
- Salon - Public vs. Private
Lesson #18
1
Assignment
- Lesson #18 Quiz
8
Videos
- Critics of Modern Finance
- Democratization of Finance
- Salon - Democratization of Finance
- Finance and War
- Finance and Population Growth
- The Importance of Financial Theory
- Wealth and Poverty
- Your Career and Finance
Bonus: Interviews
2
Videos
- Interview with Roger Ferguson
- Interview with Lei Zhang
Bonus: Guest lecture
1
Videos
- Guest Georgia Keohane
Test your knowledge! Full Course Quiz
1
Assignment
- Final Exam
Auto Summary
"Financial Markets" is an insightful course offered by Coursera, designed to provide a comprehensive understanding of the mechanisms that enable society to manage risks and stimulate enterprise. Targeted at those looking to develop financially-savvy leadership skills, this foundational course delves into the current practices within financial markets and forecasts future trends. Learners will explore key concepts in risk management and behavioral finance, gaining practical insights into how the securities, insurance, and banking industries operate in the real world. The course also emphasizes the importance of using these financial systems effectively to contribute to a better society. Spanning a substantial duration, this course ensures an in-depth learning experience. It is available under the Starter subscription, making it accessible for beginners eager to build a solid foundation in business and management. Whether you are a novice looking to enter the financial sector or a professional seeking to enhance your knowledge, "Financial Markets" offers valuable expertise to help you achieve your goals.

Robert Shiller