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

4.5
stars
2,210 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

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.

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.

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26 - 50 of 437 Reviews for Global Financial Markets and Instruments

By Shreeraj S

Feb 20, 2022

It was the best course which I enrolled. I suggest everyone to give it a try once. I got to know many technical terms. Thank you Coursera for creating such great opportunities for us.

By viraj g

Nov 15, 2020

Very good knowledge of how to use the various financial securities which helps in terms of being a good investor / trader. Tutor is amazing at explaining every bit of the subject.

By Julian G

Jun 19, 2017

Great online training course, helping participants to understand foundations of financial markets and instruments, helping me to grow and gain new financial capabiliites.

By Akshay D

May 1, 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.

By Claudio

Aug 14, 2017

Good review of simple financial material. Not an in-depth review, but a good refresher of modules that you would have seen in your MS Finance or MBA Finance.

By Ritvik S

Apr 10, 2018

Great course to get an introduction to the workings of the financial market. Designed in a way that makes it possible for anyone to comprehend the matter.

By Jason H

Jul 18, 2018

Short and well elaborated course! Need for further do your own research for maximum benefit!

By Fabrizzio D Q d F

May 28, 2019

I would like to rate 5 stars but the math is a problem, some people has no time to learn math formulas and spend so much time calculating things, maybe some alternatives like excel would fix that issue.

Thank you, for this beaultiful course <3

By Bruno S

Oct 28, 2024

Some questions are written in a confusing way and assume things that are not written down. Using different words for the same concept make it confusing if it's not clarified.

By Esteban J

Jul 18, 2018

The teaching staff should pay more attention to discussion forums. They appear to be abandoned.

By Roy M S

Mar 1, 2019

Good for a refresher course for me

By Adrian N U

May 11, 2018

The course explains some basic concepts regarding financial markets. The discussion part is very interesting, but not so much for the calculation part.

Some of the calculations are pretty hard to perform, and it takes quite a jump from the lecture to solving the practise problems. A lot of the in-class whether-you-are-dreaming quizzes are pretty disturbing. The course can improve by adding more discussions and lessen the calculation part (or probably teach us how to use financial calculator)

By ppietrus

Sep 20, 2024

Interesting topics but this is really an intro only. Initial modules are a bit more thorough than subsequent ones (there are actually formulas - mostly explained how to calculate things), but once we get to stocks trading, margins and short selling it is more and more general. Nonetheless the material is interesting and it does provide a general overview of what is what.

By Marta L

Mar 25, 2018

Good basics with not overwhelming details, yet giving an understanding of major mathematical mechanism connected with financial instruments. I was missing a more structured content and path and the mistakes in some excercises/practice quizes or their answers were disturbing - it should not be the case

By Mike T C

Apr 23, 2018

Practice quizzes a little difficult relative to the materials and examples presented

By Justin P K

Jan 7, 2023

I wanted to take this course as a refresher of the basics as I look to expand my overall skills in financial analysis. This course was dreadful in my opinion. There are errors throughout the course (some of which are sloppily corrected), the overall verbiage is written in a way that is hard to follow, and the professor often glances over examples rather than actually explaining what is going on. Support materials are terrible and often out of date, one even required a paid subscription to another website to read. All in all I'd suggest spending a few hours reviewing TVM, Bond pricing formulas, and equity pricing formulas. You will be much less frustrated and come out further ahead than if you take this course.

On the bright side, I can say that I did get my refresher that I wanted. Unfortunately it came because I was frustrated with the course so I was constantly looking up information that should have been explained in the course.

By Dmitry O

Jan 18, 2021

very inconsistent with ease at the end and difficult beginning of the course. lots of wasted time for formulas which never been used in real life and manual calculation. not university course for sure by knowledge. cheap: all articles by Dr O asking for subscription, not good. If its part of the course add it for free, tons of information in inet which is free.

sorry

By Julian W

Apr 6, 2022

If you buy a course or you pay for online education, you would expect updated, correct, and well-structured content. There are several reasons why this course get's only 1 star: - There are errors in the "calculations" which have not been corrected for 4 years (many students criticized that in the notes) - There are no slides with correctly defined formulas but the lecturer writes them down with inconsistent variables and explains everything on the go instead of giving some definitions and background information - as many students wrote in the forum, I also had to look stuff up on Investopedia. - The point before makes it very hard for beginners. I have a degree in business information systems and just had to look up some correct formulas on Investopedia as it was not correctly written by the lecturer. For people who are new to finance, this will be a hard one. They have literally no idea what the lecturer is talking about (also stated in the forum). - The voice of the lecturer is just too squeaky for me and I can't listen to that for hours

Summary: I canceled the course and took another one which was way better structured, easier to follow, and way more entertaining.

By Ka C S C

Jan 14, 2021

This course is horrible. I was expecting to acquire some finance basic skills before starting my first finance course in uni, but this has done little for me. I'm okay with the fact that no one is answering learners' questions on the discussion forum because there could be no obligation for Rice University to do so, but the content itself is absolute disappointment.

Despite her spectacular skills on writing in mirror, the lecturer jumps around concepts too quickly and I often have to find certain information on google, as these are not being covered in videos but will appear on quizzes, which is really frustrating and annoying. She probably thought she had explained the concepts well by using synonyms. For example, the slides say this is a conventional way, and she'll say 'so it's typical, it is what it is, right?'. Most of the time, she doesn't tell us what par values, market values and face values are. I get that this could be quite elementary, but as a student who haven't learnt anything about Finance, this course has done nothing -- Googling is probably more efficient and helpful than this cramped content. Hence the 1 star.

By James L

Mar 26, 2022

This was intended as a refresher. It was not worth more than the time it should take someone to read this review, sadly.

It was taught so poorly, that I am less confident than when I began, and wonder (aloud) if Rice consider this to be a marketing or a demarketing exercise.

Key concepts are introduced by a teacher not only stumbling over the introduction of the concepts leading to fundamental financial equations, but presenting erroneous formulas!

INTRODUCED! You only have the opportunity to make a first impression once.

Disheartening for a teacher by training to see the antithesis of the desired outcome as the initial model of these concepts.

Particularly given that it would have been all of about an hour to "re-shoot" the episodic confusion from the lecturer.

I proceed with Rice quite tentatively following this course, intending to cherry pick learning tasks, effectively further diminishing the value proposition of such courses.

By Luis D C

Jun 17, 2024

The professor does not explain the concepts clearly, a lot of mistakes, I tried to calculate a mortgage for 2 hours with her formula and there was no clear explanation of how to do it plus a mathematical mistake. I am very disappointed.

By Martin D M

Oct 23, 2023

A week in and there have already been several mistakes in the lectures. This is very discouraging, don't understand why the professor didn't they the time to redo the videos with mistakes, they are very short anyway...

By Johnny R

Dec 9, 2020

A week in and there have already been several mistakes in the lectures. Very uninspiring.

By Kanat I

Feb 17, 2025

not practical andcant be used in a real case

By TAPAN S

Aug 13, 2017

This is an excellent course. Dr Arzu O is one of the best instructors. She designed the course in a very thoughtful manner. Her explanation style is very accurate and simple. I am an active investor in equity market, but don't have strong financial base. I have taken this course to learn more about financial markets and the course content very well satisfied my expectation. Practice Quiz and Examples helped me to understand the course content in a better way and encouraged me to read more through some online material. Taking online course in Coursera also was a very positive experience. I have got mroe than what I expected from this course. 5/5 from Me.

-Tapan Shah