Back to search results

Financial Engineering and Risk Management Part II


Provider
coursera

Price
Free

School
Columbia University

Type
University

Instructors
Martin Haugh, Garud Iyengar

Categories
Mathematics, Economics & Finance

Duration
6 weeks

Format
Video

Language
English

Description
Financial Engineering is a multidisciplinary field involving finance and economics, mathematics, statistics, engineering and computational methods.  The emphasis of FE & RM Part II will be on the use of simple stochastic models to (i) solve portfolio optimization problems  (ii) price derivative securities in various asset classes including equities and credit and (iii) consider some advanced applications of financial engineering including algorithmic trading and the pricing of real options. We will also consider the role that financial engineering played during the financial crisis.  We hope that students who complete the course and the prerequisite course (FE & RM Part I) will have a good understanding of the "rocket science" behind financial engineering. But perhaps more importantly, we hope they will also understand the limitations of this theory in practice and why financial models should always be treated with a healthy degree of skepticism.