This class covers the analysis and modeling of stochastic processes. Topics include measure theoretic probability, martingales, filtration, and stopping theorems, elements of large deviations theory, Brownian motion and reflected Brownian motion, stochastic integration and Ito calculus and functional limit theorems. In addition, the class will go over some applications to finance theory, insurance, queueing and inventory models.
This half-semester course introduces and surveys a selection of cutting-edge topics in the field of real estate finance and investments. The course follows an informal ŰĎseminarŰ format to the maximum degree possible, with students expected to take considerable initiative. Lectures and discussions led by the instructors will be supplemented by several guest speakers from the real estate investment industry, who will present perspectives on current trends and important developments in the industry.
" In analyzing fiscal issues, conventional public finance approaches focus mainly on taxation and public spending. Policymakers and practitioners rarely explore solutions by examining the fundamental problem: the failure of interested parties to act collectively to internalize the positive externalities generated by public goods. Public finance is merely one of many possible institutional arrangements for assigning the rights and responsibilities to public goods consumption. This system is currently under stress because of the financial crisis. The first part of the class will focus on collective action and its connection with local public finance. The second part will explore alternative institutional arrangements for mediating collective action problems associated with the provision of local public goods. The objective of the seminar is to broaden the discussion of local public finance by incorporating collective action problems into the discourse. This inclusion aims at exploring alternative institutional arrangements for financing local public services in the face of severe economic downturn. Applications of emerging ideas to the provision of public health, education, and natural resource conservation will be discussed."
This course covers the key quantitative methods of finance: financial econometrics and statistical inference for financial applications; dynamic optimization; Monte Carlo simulation; stochastic (ItĺŞ) calculus. These techniques, along with their computer implementation, are covered in depth. Application areas include portfolio management, risk management, derivatives, and proprietary trading.
Develops facility with concepts, language, and analytical tools of economics. Covers microeconomics, macroeconomics, and international trade and payments. Emphasizes integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing US and international business environments. Restricted to Sloan Fellows. The fact of scarcity forces individuals, firms, and societies to choose among alternative uses -- or allocations -- of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist's criterion of market efficiency. Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.
Applied Finite Mathematics covers topics including linear equations, matrices, linear programming, the mathematics of finance, sets and counting, probability, Markov chains, and game theory. Endorsed by CollegeOpenTextbooks.org.
This course covers topics dealing with financing a business, analysis of financial statements, working capital management, short-and long-term financial planning, budgeting and control.
1. Describe and interpret the four standard financial statements.
2. Describe the importance of current assets and liabilities.
3. Calculate and interpret standard business ratios including: current, inventory turnover, gross margin (profit), ROA, ROE, EPS, and A/R Days.
4. Discuss the difference between markup and margin.
5. Calculate break-even points and units needed to make profit levels.
6. Calculate working capital and estimate minimum cash reserves.
7. Track cash flows for an organization.
This lesson explains leverage and insolvency and why it is good or bad. [Banking, Money, Finance playlist: Lesson 10 of 24]
This lesson provides an analysis of the federal reserve balance sheet as of February 2007. [Banking, Money, Finance playlist: Lesson 21 of 24]
This lesson discusses how open market operations effect the rate at which banks lend to each other overnight. [Banking, Money, Finance playlist: Lesson 14 of 24]
This lesson presents more information on the mechanics of the Federal Funds rate and how it increases the money supply. [Banking, Money, Finance playlist: Lesson 15 of 24]
This lesson talks about the gold standard and is a short discussion on the meaning of wealth. [Banking, Money, Finance playlist: Lesson 17 of 24]
This lesson tells how banks can give out loans without ever giving out gold. [Banking, Money, Finance playlist: Lesson 7 of 24]
This lesson talks about how money is created in a fractional reserve banking system. [Banking, Money, Finance playlist: Lesson 4 of 24]
This lesson explains reserve requirements and how they limit how much lending a bank can do. [Banking, Money, Finance playlist: Lesson 8 of 24]
This lesson introduces bank notes and how you are more familiar with them than you realize. [Banking, Money, Finance playlist: Lesson 5 of 24]
This lesson discusses government debt and treasuries. It explains what it means that Federal Reserve Notes are issued by the Reserve Bank but are not an obligation on the government. [Banking, Money, Finance playlist: Lesson 12 of 24]
This lesson introduces the ways that banks make money. [Banking, Money, Finance playlist: Lesson 1 of 24]
This lesson is an introduction to the income statement of a bank, and to income statements, in general. [Banking, Money, Finance playlist: Lesson 2 of 24]
This lesson discusses the idea of a reserve bank. [Banking, Money, Finance playlist: Lesson 11 of 24]