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

4.5
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2,201 ratings

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

AD

Apr 30, 2020

Excellent course. Well structured and more importantly kept it clear, simple and to the points. Dr. Arzu has done full justice in delivering the course. Appreciate it.

AS

Apr 21, 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.

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326 - 350 of 435 Reviews for Global Financial Markets and Instruments

By Patricia E

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Aug 4, 2021

Sometimes it was confusing to follow where some numbers were coming from in the bonds part. But overall very instructive thanks!

By Pariket T

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Apr 2, 2020

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

By Michael l

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May 24, 2022

i think the stats is very heavy for the start, should be more theory first and then finish off with the stats

By Nazmi S

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May 11, 2021

The content is great. But the style of presentation needs to improve to make it more fun and interesting.

By Najmi J

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Jan 26, 2018

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

By Ilyas A

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Jun 13, 2017

quite an interesting course for beginners and for those who missed some aspects on the academic process.

By Jeffrey C

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Jul 14, 2020

The course combines with the practice problem really help me to understand the contents of the subject.

By Somanshu M

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Mar 25, 2019

I learned a lot about financial markets and basics of derivatives....

great course as an introduction !

By Claude Z

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Sep 23, 2017

useful, succinct, and fundamental.

Enough for an international high-school student like me!

By Anna R

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Mar 8, 2025

Excelent information. That let me understand the basic concepts about financial market.

By Santiago R R

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Sep 28, 2020

Good course! The practice quizzes I find a bit unnecessary, but they are fully optional

By Jing D

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Jul 13, 2018

Very detailed and easy understanding. but still some error in both lectures and quiz.

By wai c c

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Nov 2, 2016

Good course to have an overview on the global financial markets and instruments.

By Roger D

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Dec 6, 2018

I've tried a few courses that are similar and this one is better than average.

By Shivendra N

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Jan 4, 2024

Sums up quite well about the overview of what's-up come in financial markets

By Ahmed K

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Nov 12, 2017

really useful for beginners and even non- beginners in the financial markets

By David K

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Apr 30, 2019

Materials are useful to get an initial understanding of financial world.

By Emo M

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Nov 18, 2022

It's really the difficult on Week1 Final Test. Quite confused.

By sebastian a

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Jan 16, 2020

excelente curso, muy bien explicado y claro en los conceptos.

By Kleider S V G

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Aug 4, 2021

A good course. Very good material and also a patient tutor.

By Clayton K

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Dec 2, 2017

I have learned a lot from this and enjoyed the process.

By Sania N

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Jun 17, 2020

It has been very informative and clear to understand.

By A N R

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Mar 17, 2018

Good course to know the basic of financial markets

By Abhishek P

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May 27, 2017

Wide collection of all practical based examples.

By Yiding X

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Dec 24, 2019

The fluency of the video needs to be improved.