Financial Markets and Institutions
School: University of Michigan
Registration Link: REGISTER HERE
Start Date: January 17, 2017
Workload: 30-40 Hours Total (Self-Paced)
Instructor: Amiyatosh Purnanandam
Credentials: Purnanandam has taught finance courses at the Ross School of Business since 2004, where his courses have focused on corporate financial methods, valuation, and policies. A Ph.D. from Cornell, Purnanandam has been nominated for the school’s MBA Teaching Excellence Award five times over the past nine years, with his most recent research being featured in the Journal of Financial & Quantitative Analysis, Journal of Finance, and Review of Finance.
Graded: Students who successfully complete the course can purchase a signed verified certificate for $99.
Description: Think physics is difficult? Just try to make sense of the global financial markets, an interlocking framework of economies, institutions, and partnerships that guide the flow of capital across borders. It only takes a shift in any variable — energy prices, political unrest, monetary values —to create risk and disruption that must be contained. In this course, students will examine the theoretical and practical design of the global financial system to understand its implications. Notably, the course will focus on how markets work and why they fail, along with the risk and return of various financial instruments. As part of the curriculum, the following topics will be covered: “different types of financial securities such as debt, equity, convertible debt, and preferred stocks traded in the market, their relative advantages and disadvantages and the roles of institutions such as banks, credit rating agencies and institutional investors (such as pension funds and activist investors) in these markets.”
Additional Note: This is part of a four course X-series from the University of Michigan called “Corporate Financial Analysis. To learn more about this series, click here.