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Intermediate
Finance
en
Financial Theory
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Platform
· New Haven, USA
About this course
This Yale College course explains the role and importance of the financial system in the global economy. It studies financial equilibrium as an extension of economic equilibrium and introduces the kind of quantitative thinking and analysis used by hedge funds. Topics include present value and interest rates, yield curves and arbitrage, social security and overlapping generations, uncertainty and risk, dynamic hedging, mortgage markets and prepayment options, asset pricing and the capital asset pricing theorem, and the leverage cycle and financial crises. The course emphasizes problem solving, elementary mathematics, and the use of Excel.
Prerequisite Skills
Skills you should have before taking this course
basic microeconomics
introductory macroeconomics
elementary calculus
linear equations
basic probability and statistics
Skills Gained
Skills you will develop by completing this course
financial theory
time value of money
asset pricing
risk and uncertainty analysis
capital asset pricing model
mortgage and fixed income securities
dynamic hedging
excel for financial modeling