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Financial Engineering and Risk Management Part I

Columbia University via Coursera

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  • Provider Coursera
  • Subject Finance
  • $ Cost Free Online Course (Audit)
  • Session In progress
  • Language English
  • Certificate Paid Certificate Available
  • Start Date
  • Duration 8 weeks long

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Overview

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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.

Taught by

Martin Haugh and Garud Iyengar

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Reviews for Coursera's Financial Engineering and Risk Management Part I
4.2 Based on 10 reviews

  • 5 stars 40%
  • 4 stars 50%
  • 3 star 0%
  • 2 star 10%
  • 1 star 0%

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  • 1
Krassimir K
4.0 4 years ago
Krassimir completed this course.
The course gives an introduction to financial engineering, mainly with respect to valuation of derivatives in a binomial model framework. During the quizzes you will develop a nice set of Excel sheets illustrating the main concepts of derivative valuation. Excellent lecturers with practical insight!

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.
8 people found
this review helpful
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Zulqarnain S
4.0 3 years ago
by Zulqarnain is taking this course right now, spending 2 hours a week on it and found the course difficulty to be medium.
2 people found
this review helpful
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Matteo F
4.0 3 years ago
by Matteo completed this course.
0 person found
this review helpful
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Max M
5.0 2 years ago
by Max completed this course.
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Netanel M
4.0 3 years ago
by Netanel is taking this course right now.
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Rohit M
5.0 3 years ago
by Rohit completed this course.
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Macemers M
4.0 2 years ago
by Macemers completed this course.
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John W
5.0 3 years ago
John partially completed this course and found the course difficulty to be very hard.
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Donatien F
5.0 2 years ago
by Donatien completed this course.
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Mat W
2.0 3 years ago
Mat dropped this course.
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  • 1

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