About this Course

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Learner Career Outcomes

50%

got a tangible career benefit from this course

50%

got a pay increase or promotion
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
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Approx. 14 hours to complete
English
Subtitles: English

Skills you will gain

Behavioral FinanceCognitive BiasInvestmentBehavioral Economics

Learner Career Outcomes

50%

got a tangible career benefit from this course

50%

got a pay increase or promotion
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Approx. 14 hours to complete
English
Subtitles: English

Offered by

Rice University logo

Rice University

Syllabus - What you will learn from this course

Week
1

Week 1

4 hours to complete

Efficient markets hypothesis and limits of arbitrage

4 hours to complete
9 videos (Total 67 min), 12 readings, 4 quizzes
9 videos
Efficient Markets Hypothesis (EMH)7m
Examples of market efficiency: Market efficiency in real time3m
Three Versions of Efficient Market Hypothesis9m
Event studies6m
Anomalies13m
Mutual fund and analyst performance9m
Smart investor should make markets efficient, right?8m
Efficient Market Hypothesis2m
12 readings
Grading Policy10m
How to use discussion forums10m
Meet & Greet: Get to know your classmates10m
Pre-Course Survey10m
Watch market efficiency in real time10m
Real Time Market Efficiency10m
Lecture Handouts: Efficient Markets Hypothesis (EMH)10m
Lecture Handouts: Are markets efficient?10m
EntreMed Case10m
New Facts in Finance (optional)10m
Lecture Handouts: Limits to arbitrage10m
Module 1: Quiz solutions10m
3 practice exercises
Efficient markets hypothesis10m
Are markets efficient?10m
Efficient markets and limits of arbitrage16m
Week
2

Week 2

3 hours to complete

Biases and realistic preferences

3 hours to complete
12 videos (Total 75 min), 10 readings, 2 quizzes
12 videos
What are heuristics-driven biases?3m
Representativeness9m
Conservatism and anchoring6m
Overconfidence7m
Frame dependence9m
Mental accounting11m
Realistic preferences3m
Loss aversion or Prospect theory9m
Habit utility4m
Catching up with the Joneses3m
Biases and realistic preferences2m
10 readings
Lecture handouts: Heuristics-driven biases10m
Additional heuristic-driven biases (required)10m
Heuristics and Biases in Retirement Savings Behavior (optional)10m
Behaving Badly (optional)10m
Seven Sins of Fund Management (optional)10m
Lecture handouts: Frame dependence10m
Lecture Handouts: Preferences10m
The Psychology and Neuroscience of Financial Decision Making10m
Psychology of what we do with our money (optional)10m
Module 2: Quiz solutions10m
2 practice exercises
Heuristic driven biases and frame dependence14m
Biases and realistic preferences20m
Week
3

Week 3

5 hours to complete

Inefficient markets

5 hours to complete
9 videos (Total 72 min), 2 readings, 4 quizzes
9 videos
Equity premium puzzle9m
Volatility puzzle12m
Closed-end fund puzzle10m
Examples from Closed-End Country Funds5m
Long-run reversals11m
Value effect10m
Momentum9m
Summary1m
2 readings
Lecture handouts: Applications – the Aggregate Stock Market10m
Lecture handouts: Applications – The cross-section of average stock returns10m
2 practice exercises
Applications – the Aggregate Stock Market12m
Applications – The cross-section of average stock returns10m
Week
4

Week 4

1 hour to complete

Applications: Investor behavior

1 hour to complete
6 videos (Total 24 min), 3 readings, 2 quizzes
6 videos
Failure to Diversify6m
Naïve diversification3m
Excessive trading6m
Individual investors’ buying and selling decision5m
Summary1m
3 readings
Lecture handouts: Investor behavior10m
Module 4: Quiz solutions10m
End-of-Course Survey10m
2 practice exercises
Investor Behavior10m
Applications: Investor behavior16m

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About the Investment and Portfolio Management Specialization

In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing. All investors – from the largest wealth funds to the smallest individual investors – share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this Specialization, you will learn how to think about, discuss, and formulate solutions to these investment questions. You will learn the theory and the real-world skills necessary to design, execute, and evaluate investment proposals that meet financial objectives. You will begin with an overview of global financial markets and instruments that characterize the investment opportunities available to today’s investor. You will then learn how to construct optimal portfolios that manage risk effectively, and how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will learn the best practices in portfolio management and performance evaluation as well as current investment strategies. By the end of your Capstone Project, you will have mastered the analytical tools, quantitative skills, and practical knowledge necessary for long-term investment management success. To see an overview video for this Specialization, click here!...
Investment and Portfolio Management

Frequently Asked Questions

  • Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:

    • The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
    • The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

  • If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.

  • Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You'll be prompted to complete an application and will be notified if you are approved. You'll need to complete this step for each course in the Specialization, including the Capstone Project. Learn more.

  • This Course doesn't carry university credit, but some universities may choose to accept Course Certificates for credit. Check with your institution to learn more. Online Degrees and Mastertrack™ Certificates on Coursera provide the opportunity to earn university credit.

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