• Length:
    12 Weeks
  • Effort:
    10–14 hours per week
  • Price:

    FREE
    Add a Verified Certificate for $450 USD

  • Institution
  • Subject:
  • Level:
    Advanced
  • Language:
    English
  • Video Transcript:
    English

Associated Programs:

Prerequisites

Basic Probability and Statistics Calculus

About this course

Skip About this course

This is a two-part course, and part of the MicroMasters® Program in Finance. It provides a rigorous and comprehensive introduction to the fundamentals of modern finance and their applications to business challenges in valuation, investments, and corporate financial decisions under a unified framework.

Completing this first course and program will help you prepare for a career as a financial analyst, financial advisor, vice president for finance, chief financial officer, and more.

Finance provides a core function in any productive economy by providing a mechanism for savings, investment, and liquidity. Whether the learner is in a industrialized country or a developing country, financial services are essential for smooth functioning of the economy.

The course is excellent preparation for anyone planning to take the CFA exams.

What you'll learn

Skip What you'll learn
  • Valuation of fixed income securities and common stocks
  • Risk analysis, the Arbitrage Pricing Theory (APT), and the Efficient Market Hypothesis
  • Introduction to corporate finance and capital budgeting
  • Valuation of derivative securities
  • Portfolio theory and the Capital Asset Pricing Model (CAPM)
  • Corporate financial decisions
    • Real options, capital structure, payout policy, corporate bonds; and
    • Interaction between investment and financing decisions

Meet your instructors

Leonid Kogan
Nippon Telegraph & Telephone Professor of Management and a Professor of Finance
Massachusetts Institute of Technology
Jiang Wang
Mizuho Financial Group Professor and a Professor of Finance, Sloan School of Management
Massachusetts Institute of Technology

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Who can take this course?

Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.