About this course: Financial Engineering is a multidisciplinary field drawing from finance and economics, mathematics, statistics, engineering and computational methods. The emphasis of FE & RM Part I will be on the use of simple stochastic models to price derivative securities in various asset classes including equities, fixed income, credit and mortgage-backed securities. We will also consider the role that some of these asset classes played during the financial crisis. A notable feature of this course will be an interview module with Emanuel Derman, the renowned “quant” and best-selling author of “My Life as a Quant”. We hope that students who complete the course will begin to understand the “rocket science” behind financial engineering but perhaps more importantly, we hope they will also understand the limitations of this theory in practice and why financial models should always be treated with a healthy degree of skepticism. The follow-on course FE & RM Part II will continue to develop derivatives pricing models but it will also focus on asset allocation and portfolio optimization as well as other applications of financial engineering such as real options, commodity and energy derivatives and algorithmic trading.

Created by:  Columbia University
Columbia University
  • Martin Haugh

    Taught by:  Martin Haugh, Co-Director, Center for Financial Engineering

    Industrial Engineering & Operations Research
  • Garud Iyengar

    Taught by:  Garud Iyengar, Professor

    Industrial Engineering and Operations Research Department
Commitment 12 hours videos and quizzes
Language
English
How To Pass Pass all graded assignments to complete the course.
User Ratings
4.6 stars
Average User Rating 4.6See what learners said

 

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