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January 28, 2025
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Advance your Career in Finance. Master analytical and empirical tools for analyzing financial markets
Instructors: Marco Pagano
Included with
The role played by financial intermediaries
The role of liquidity in securities markets
Key techniques to price derivatives
The impact of high-frequency trading on security markets
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This specialization is intended for students who want to gain a deep understanding of the functioning of financial markets and the role played by financial intermediaries. Students will analyze the role of liquidity in securities markets, and they will understand how security trading is organized and regulated and how it has been reshaped by algorithmic and high frequency trading, and how the trading process affects the formation of asset prices. They will also learn how to apply basic techniques to price derivatives and use them for hedging or speculative purposes. Finally, they will study how banking crises arise and propagate to the real economy, what regulators can do to prevent them, and how the “Fintech revolution” is shaping the banking industry.
Applied Learning Project
This specialization uses a combination of homework, quizzes and optional exercises to provide learners with a comprehensive understanding of the functioning of financial markets and the role played by financial intermediaries. Through these activities, students will learn how to assess banks’ performance and risk profiles, analyze the impact of FinTech on traditional banking practices, apply numerical methods for option pricing, calculate fixed income product prices, and measure trading costs. Furthermore, learners will gain insights into how order flow impacts market liquidity and price discovery, as well as the purpose and utilization of algorithmic and high-frequency trading. The curriculum equips you with knowledge to make informed financial decisions and evaluations.
security market; trading; market liquidity and funding liquidity
Evaluate the effect of investment strategies on the risk and return of a portfolio
Evaluate different uses of financial derivatives (e.g., hedging, speculation)
Evaluate different pricing models to calculate the price of the various financial instruments
Develop and employ theoretical asset pricing models to price these derivative instruments
analyze business models and their impact on the functioning and stability of the banking sector starting from the databases available online;
evaluate the critical issues and specificities of the modern banking system in contexts where the development of the financial market is limited;
apply banking sector innovations in institutions;
identify financial intermediation risks and contribute to long-term economic growth.
analyze banking system effects on market efficiency and stability; evaluate the impact of fintech on financial intermediation.
Founded in 1224, Federico II is the oldest lay University in Europe. With its "Federica Web Learning" Center, it is the leader in Europe for open access multimedia education, and in the world's top ten for the production of MOOCs for providing new links between higher education and lifelong learning. Find out more on www.federica.eu.
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Time to completion can vary based on your schedule and experience level, but most learners are able to complete the Specialization in about 4 months.
To follow this program, prior knowledge of mathematics, statistics and asset pricing at undergraduate level, is recommended.
We recommend taking the courses in the order presented.
Coursera courses and certificates don't carry university credit, though some universities may choose to accept Specialization Certificates for credit. Check with your institution to learn more.
With this specialization you will be able to understand: the functioning of financial markets; the role of financial intermediaries; the role of liquidity in securities markets, and how security trading is organized and regulated; the basic techniques to price derivatives and use them for hedging or speculative purposes.
This course is completely online, so there’s no need to show up to a classroom in person. You can access your lectures, readings and assignments anytime and anywhere via the web or your mobile device.
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! To get started, click the course card that interests you and enroll. You can enroll and complete the course to earn a shareable certificate, or you can audit it to view the course materials for free. When you subscribe to a course that is part of a Specialization, you’re automatically subscribed to the full Specialization. Visit your learner dashboard to track your progress.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
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. If you only want to read and view the course content, you can audit the course for free. If you cannot afford the fee, you can apply for financial aid.
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