Thursday, May 2, 2013

Coursera Review: Financial Engineering and Risk Management

In this series of posts, I will share some experiences from the on-line learning platform coursera.org


Today: Financial Engineering and Risk Management  by Martin Haugh, Garud Iyengar, Emanuel Derman from Columbia University.



1. What is the course about?

The course gives an introduction to financial engineering, mainly with respect to valuation of derivatives in a binomial model framework.

The course includes video lecturing, discussion groups and test quizzes.


Level: 4th year undergraduate or 1st year graduate.


2. Who should use it?

2.1. University students, in particular in technical disciplines like mathematics, computer science or engineering.

2.2. Working professionals in the finance sector or talented financial journalists as a form of relaxation.

3. Who should NOT use it?

3.1. Day-traders, chartists and any other dreamers thinking that the course would have any relevance to their investment strategies.

3.2. People who think that the course might have a significant impact on their career, both as a certification and as a know-how-set.

4. What is the best thing about this course?

During the quizzes you will develop a nice set of Excel sheets illustrating the main concepts of derivative valuation. Excellent lecturers with practical insight!

5. What is the worst thing about this course?

It is too lightweight for people with knowledge in risk management. At the same time it's too heavy-weight for people who see the topic for first time.

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