Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The Foundations of Modern Finance I online course is the first of a two-part series. Also, it is a part of the MicroMasters programme in finance. It introduces the fundamentals of modern finance and how they apply to business decisions such as investment, valuation, and other corporate financial decisions.
Completing the Foundations of Modern Finance I training programme by edX will equip you with the knowledge and skills necessary to take on the role of a financial advisor, financial analyst, Chief Financial Officer (CFO), or Vice President for Finance, among others.
In any productive economy, be it a developing country, or an industrialised country, finance plays a central role, by providing a mechanism for saving, investing, and liquidity. The mathematically rigorous framework of the online Foundations of Modern Finance I course will teach learners all they need to know about financial markets. Moreover, the instructors are MIT professors who will deliver data-driven insights throughout the programme. This course also provides a suitable primer if you are preparing for any CFA exams.
You can also get a certificate after completing the programme by paying additional fees. This is an instructor-led programme and can be taken in the paid mode with a certificate of completion and free audit mode. In the free audit mode, the students will have access only for a limited duration.
The Highlights
- Free Course
- 12-week course
- English transcripts
- Data-driven insights
- 10-14 hours commitment per week
- Advanced level course
- Instructor-led, scheduled course
- Official, verifiable, shareable certificate
Programme Offerings
- advanced level course
- 12-Week Programme
- 10-14 Hours Per Week
- Free learning
- Official Verifiable Sharable Completion Certificate
- English Transcripts
- Instructor-led learning
- Course Schedule
- MIT Professors
- Data-Driven Insights
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 45621 | yes | MIT Cambridge |
- The Foundations of Modern Finance I online course is available for free. You can register and start learning immediately without paying any fee.
- However, if you wish to have a completion certificate at the end of the course, you will have to pay additional fees.
Foundations of Modern Finance I online course fee structure
Course | Fees |
Foundations of Modern Finance I programme Certificate upgrade | Rs. 45,621 |
Eligibility Criteria
To get the most out of edX’s Foundations of Modern Finance I online course, you must be proficient in basic statistics and probability, along with calculus.
What you will learn
After completing the 12-week Foundations of Modern Finance I programme, candidates should have a working knowledge of the following:
- Risk Analysis
- Portfolio Theory
- Capital Budgeting
- Corporate Finance
- Efficient Market Hypothesis
- Arbitrage Pricing Theory (APT)
- Valuation of Derivative Securities
- Capital Asset Pricing Model (CAPM)
- Valuation of Common Stocks
- Valuation Fixed Income Securities
- Corporate Financial Decisions - Capital Structure, Payout Policy, Corporate Bonds, Real Options
Who it is for
Admission Details
Step 1: Visit the official edX website and search for the ‘Foundations of Modern Finance I’ programme. Or, you can visit the course page directly by clicking on this link:
https://www.edx.org/course/foundations-of-modern-finance-i
Step 2: On the course page, locate the ‘Enroll’ button and click it.
Step 3: Sign in to your edX account or create a new one. Alternatively, you can log in through your Apple, Google, Microsoft, or Facebook account.
Step 4: Enter all the necessary details and follow all the on-screen instructions to complete the admission process.
Application Details
To make the application process hassle-free edX does not require candidates to fill out an application form for each course.
To apply to the Foundations of Modern Finance I programme, all you need to do is click on the ‘Enroll’ button on the course page and log in to your edX account. If they do not have an account on edX, they can create one, or log in through Google, Apple, Facebook, or Microsoft.
The Syllabus
- Financial decisions of households and corporations
- Approaches to valuing financial and real assets
- The role and the overview of financial markets
- Financial Frictions
- Unifying principles of finance
- State-space model for time and risk
- Security prices, state prices and arbitrage pricing
- Present Value (PV) and future value
- Discount rates, time value and risk premium: a historic perspective
- Compound interest
- Annuity and perpetuity formulas
- Fixed-income markets
- Term structure of interest rates
- Properties of bond prices and market conventions
- Inflation and real rates
- Discounted Cash Flow (DCF) model
- Gordon model, multi-stage growth model
- EPS, P/E, PVGO
- Decision under uncertainty and expected utility theory
- Risk aversion
- Diversification and portfolio analytics
- Systematic and idiosyncratic risks
- Factor models for risk
- APT
- Applications of APT
- Efficient Market Hypothesis (EMH)
- Implications of EMH
- Empirical evidence on EMH
- Corporate financial decisions
- Opportunity cost of capital and NPV
- Financial objective of corporate managers
- NPV rules
- Cash flow calculations
- Alternatives to NPV
- Project interactions
- Capital budgeting and discount rates
Instructors
MIT Cambridge Frequently Asked Questions (FAQ's)
Working knowledge of Calculus, Statistics, and Basic Probability are prerequisites for the Foundations of Modern Finance I course.
Yes, the Foundations of Modern Finance I online course will prove beneficial for those who are preparing to appear for the CFA exam.
Yes, you can share the completion certificate with your LinkedIn profile. You can also attach it to your physical CV/Resume.
The Massachusetts Institute of Technology (MIT) is offering the online Foundations of Modern Finance I programme.
You need 12 weeks to complete the Foundations of Modern Finance I online training course.