An Introduction to Financial Theory Learn more

What is Financial Theory?
Finance theory is the field that deals with investment making decisions and the concept of the time value of money. If you want to pursue a career or advanced studies in this field, take this free online course “An Introduction to Financial theory”.

Who can take this course?
Researchers in experimental finance are the prospective candidates to take this course. Strategic planning also needs finance; therefore it is important for the professionals working in strategic planning departments to have an understanding of how to apply finance theory correctly. Besides, undergraduates aiming to pursue advanced studies in Finance can also benefit from this introductory course.

What will you learn from this course?
An Introduction to Financial Theory attempts to explain the role and the importance of the financial system in the global economy. At the end of this course you will have a better understanding of how capital markets operate and how to value risky real and financial assets. You will also be well equipped with tools necessary for analyzing different financial situations that businesses face during everyday operations.

Table of Contents:
- Why Finance?
- Utilities, Endowments, and Equilibrium
- Computing Equilibrium
- Efficiency, Assets and Time
- Present Value Prices and the Real Rate of Interest
- Irving Fisher's Impatience Theory of Interest
- How a Long-Lived Institution Figures an Annual Budget
- Yield and Yield Curve Arbitrage
- Dynamic Present Value
- Social Security
- Overlapping Generations Models of the Economy
- Demography and Asset Pricing-Quantifying Uncertainty and Risk
- Uncertainty and the Rational Expectations Hypothesis
- Backward Induction and Optimal Stopping Times
- Callable Bonds and the Mortgage Prepayment Option
- Modeling and Valuing Mortgages
- Dynamic Hedging and Average Life
- Risk Aversion and the Capital Asset Pricing Theorem
- The Mutual Fund Theorem and Covariance Pricing Theorems
- Risk, Return and Social Security
- The Leverage Cycle and the Subprime Mortgage Crisis
- The Leverage Cycle and Crashes

?Author Bio:
This free online course has been prepared by John Geanakoplos, a James Tobin Professor of Economics at Yale University. Dr. John received his PhD in Economics from Harvard University in 1980 and has been Director of the Cowles Foundation for Research in Economics, co-Director of Hellenic Studies Program at Yale and chairman of the science steering committee at the Santa Fe Institute. He has also served Kidder, Peabody & Co in the capacity of Managing Director of Fixed Income Research.

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