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Learner Reviews & Feedback for Global Financial Markets and Instruments by Rice University

4.6
stars
1,464 ratings
290 reviews

About the Course

Get a running start in the high-stakes world of financial investment! This first course is designed to help you become an informed investor by providing you with the essential concepts for long-term success in managing money. You’ll start by learning the role of financial markets and financial assets in a well-functioning economy. From there, you’ll learn about the wide range of financial instruments available in major asset classes, their features and valuations. You’ll explore how financial markets actually operate in the real world, focusing on how and where securities are traded and how various market types differ from one another in practice. You will also learn the basics of algorithmic trading, dark pools, buying on margin and short selling. By the end of the course, learners will be able to: • List and distinguish the different financial instruments available to an investor • Compare global financial markets • Explain the features of equity, debt, and derivative instruments • Define traditional and alternative asset classes • Discuss different trading venues and mechanics of securities trading • Discuss the current trends affecting today’s financial markets This course is designed to be accessible for students of all knowledge levels and gives you the actionable foundation needed to manage money in a post-crisis world. ________________________________________ WEEK 1 Module 1: Introduction & Review of Elementary Finance Tools This module introduces the Investment and Portfolio Management Specialization, which is made up of four courses. This module discusses how the first course, Global Financial Markets and Assets, is organized. It outlines the different stages of the investment management process, which guides the focus of the Specialization. It also reviews basic finance concepts and tools such as time value of money, computing returns, discounting and compounding. Topics covered include: • Familiarize with the organization of the class • Meet the professor and your peers • Explain the investment management process • Review elementary concepts in finance • Compute present value or future value of a single cash flow • Compute present value of future value of a stream of cash flows • Define an annuity or perpetuity • Apply time value of money tools to solve basic mortgage, loan or retirement problems ________________________________________ WEEK 2 Module 2: Financial system & financial assets: fixed income securities In this and the next two modules, we cover the key institutional features of financial markets and instruments. We ask the following questions: Why do financial markets exist? What role do they play? What are financial assets and how are they different than real assets? How does it all come together? Basically, this is where I hope you will get to see the big picture of the entire financial system and how it comes together. Module 2 focuses on fixed income securities. We'll get started with a review of basics of bond valuation. You will learn about short-term money market instruments, U.S. Treasury securities as well as corporate bonds. After module 2, you will be able to describe fixed income securities, be familiar with their institutional features, and identify their cash flows. Finally, you will learn how to value fixed income securities such as Treasury bills, zero-coupon or coupon-bonds and compute yields. Topics covered include: • Explain the roles of financial markets • Distinguish between real and financial assets • Define and explain money market instruments, zero-coupon and coupon- bonds and features • Identify the cash flows associated with fixed-income securities • Define and explain bond market features • List the different types of Treasury securities and explain pricing and quoting conventions • List and define other long-term debt instruments such as corporate bonds, mortgage-backed securities, sovereign debt • Find the value of a zero-coupon or coupon-bonds ________________________________________ WEEK 3 Module 3: Financial system & financial assets: equity securities and derivatives In Module 3, we continue our overview of financial markets and instruments. We next focus on two other major asset classes: equity securities and derivative instruments. You will learn about how equity differs from fixed income securities, the cash flows associated with stock and preferred stock and how to find the value of a share. You will also learn about option strategies. After completing module 3, you will be able to describe all major asset classes, including derivative instruments such as options, forwards and futures. You will be able to explain how these differ from each other and their payoffs. Topics covered include: • Distinguish between equities and fixed income securities • Define and explain the features of equity securities • Identify the cash flows associated with equity securities • Explain dividend discount model • Find the value of a share of common stock or preferred stock • Define and list different types of derivative securities • Explain option payoffs • Distinguish between a forward and futures contract • Explain forward and futures payoffs • Identify traditional and alternative asset classes ________________________________________ WEEK 4 Module 4: Organization of financial markets and securities trading In this module, we discuss how financial markets actually work. We will talk about different trading venues and the mechanics of securities trading. I will emphasize a lot of terminology and the latest trends in securities trading to familiarize you with the institutional workings of financial markets. After this module, you will be able to compare different trading venues, trading mechanisms, and be able to explain different types of orders, including transactions like margin buying and short- selling; you will be familiar with the language and terminology you need in order to become an informed practitioner of investments. Topics covered include • Explain the roles of corporations, households, government, and financial intermediaries in the financial system • Explain price discovery process • Define different type of orders • Distinguish between dealer vs. auction markets; different trading platforms • Explain margin buying and short-selling transactions • Understand the current trading environment such as algorithmic or high frequency trading, dark pools etc....

Top reviews

AI
Jun 17, 2020

Global Financial Markets and Instruments is a MUST. Excellent instruction! I truly appreciate the opportunity to receive this course from such a prestigious University - Rice University.

FA
Jan 14, 2018

Good and succinct introduction to financial markets and instruments. Clear valuation formulas and intuitive explanation of treatment of cash-flows to define future and present values.

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201 - 225 of 287 Reviews for Global Financial Markets and Instruments

By Hussain M

Jun 24, 2020

The Instructor is very very energetic and creates focus, but only reason for a 4 star is that the questions asked are much more harder than what taught in the lectures and sometimes out of what was taught in the lecture, so it felt pretty hard to solve the practice questions. I'm sorry to say but I had to take help from internet for understanding some aspects of course because the instructor did'nt teach about that but was given in the questions.

By Gita A L

Mar 5, 2017

Good introductory course! It gives an overview of the global financial market-as the course name suggests. The math problems are a bit hard though. Improvement can be made for the pop up quiz during the lecture--it suddenly cut the lecture; thus disrupting my concentration. It think it needs to be properly placed during the lecture so as to help in reviewing the lesson, not disrupt the student's focus.

By Christina M

Aug 11, 2017

The course was very informative. The material is well summarized for a beginner or as a fresher course. However I wish the quiz module was more user friendly. Sometimes it got questions wrong because it did not recognize a number format when it was not specified.

Also if its possible can old articles be added in PDF. Some links didn't work for nonsubscriber.

By Tee W K

Jun 18, 2020

Personally I enjoyed getting to "sit in class" again. The lecturer made things pretty clear cut as well. Not 5 stars because I believe there are some small errors for the quizzes, especially when some answers are correct but registered as an error due to decimal places or having and extra symbol like %.

For those who are determined to learn, you'll do fine.

By David K

Jun 26, 2020

This course was very helpful for me as a complete newbie to the subject, it provided me with an impulse to learn more. I would rate it at full 5 stars if learning videos were more concrete and went into more detail as I want to deeply understand the subject I'm studying in a complex manner and not only in definitions and limited applications.

By Amira M S

Oct 16, 2020

Thank you for the high qualified course with the respectable Instractor I really enjoyed it and the questions was intermediate level so it helps I noticed that the questions in the video not accurate at the the time of the expressing take care and i hope i would complete the parts successfully I respect and appreciate your support

By Chidam C

Oct 22, 2020

Hello from Istanbul, my names Chidam. I wanted to improve my academic science language by attanding this course. To receive training from experts in this field and improve my knowledge. I offer my respects to all the lecturers who helped organization of this course.

Best Regards

By Sergio L M F

Aug 21, 2018

Great Course which provides students with a strong option for entering the financial planning field, taking less time than a extensive course and allowing students to study on their own time, without having to make major sacrifices in their professional or personal lives.

By Aniket S

Aug 7, 2020

This is a great introductory course to get yourself familiar with various financial markets (Money Market , Bond Markets) and financial instruments (Stocks, Bonds, Etf's, Derivatives, Options etc... ). it helps you understand the fundamentals of investment ecosystem.

By Jeff T

May 31, 2020

I'd like more details in the course -- more of the mathematical derivations of the equations -- and I'd be willing to pay more a course like that. I also think that the transcription could be easily cleaned up so that the text matches the lecture.

By Vivek V

Feb 18, 2018

I know I have not been able to spend as much time as I wanted for this course. But till now whatever time I have spent has been really good. Very clear and concise explanation of simple concepts of finance. Great work by the lecturer

By Edward G M

Sep 27, 2017

The course was well structured with a lot of practice questions. I personally struggled with the week 1 financial mathematics. I suggest that the formulas be included in the summary notes.

By Anant C

May 26, 2020

Great course with a lot of problem-solving to help learn the concepts better. Very well taught! I would recommend the course to anyone trying to learn the basics of financial markets.

By Eduardo M C

Feb 16, 2020

Great course covering aspects of global financial markets: from the market players to the instruments and the formulas used to make investment decisions and explain market behaviour.

By Austin R

Sep 24, 2018

Probably a little elementary for most people signing up for this series of classes, but it was a good review and would be a great intro for those with zero experience with investing.

By Abhishek S

Apr 22, 2018

Course was very advanced. It was mainly focused more on sums and real life problem solving pedagogy rather than teaching basic financial terminology and and its understanding.

By chaoyu x

Jul 26, 2020

1. some in video questions pop up before the concept is being introduced or covered; 2. this course gives a pretty good high-level illustration on some basic concepts

By rajiv A

Nov 14, 2016

A great course for dummies like me to learn the basics of investment industry.

I would appreciate if they incorporate more examples to explain and make things easier.

By Oleksandr S

Jul 20, 2017

In general a course is very informative and useful. The issues were only some misconceptions, especially in formulas, between video examples and quiz questions.

By Sharif H

Jan 17, 2019

Pretty Formula heavy but covers a decent relevant range of topics. A lot of personal research is needed to understand the content more thoroughly.

By Kristina E

Jan 6, 2017

Overall, the course is fine, however there were several annoying typos / rounding issues, which would prevent you from getting the correct answer.

By Viviana G T L

Oct 11, 2020

In this course you learn from scratch how financial markets work and develop your analysis skills, in general the explanations are good

By rahul g

Nov 7, 2016

The course was very informative. Could have been better if more reading materials along with more real life scenarios were included

By Pariket T

Apr 2, 2020

Decent course, some mistakes however in some of the answers. Some topics could've been explained more in depth.

By Najmi J

Jan 26, 2018

Excellent overview. Would have appreciated more depth in topics like bonds, options, and margin trading.