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Highlights |
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Contents in Brief |
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Suitable for a wide variety of students - from undergraduates to those pursuing professional courses or in employment. We assume little prior knowledge beyond high-school mathematics and give a thorough introduction to Statistics and its applications in Finance. |
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Finance I: The science of designing a combination of investments, while balancing profit against risk. Culminates with the Capital Asset Pricing Model, for which the economists Markowitz and Sharpe were awarded the Nobel Prize. |
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Evening classes, thrice a week. Duration from August to March, with breaks in mid-October and December-January. |
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Finance II: Modern financial markets encompass a rich variety of activities, apart from the direct sale or purchase of stocks and bonds. For instance, contracts called derivatives provide further avenues for profit or elimination of risk. The highlights of this course are the Binomial Options Pricing Model and the Black-Scholes Model (another Nobel winning work), and their applications to analyzing and managing risk. |
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Builds up from basic concepts to advanced Nobel Prize-winning work. The tools we teach are indispensable not only for financial institutions but for any corporate entity dealing in materials with fluctuating prices. |
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Probability: Here we learn about the various kinds of randomness that are useful in modeling the behaviour of markets. |
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Extensive numerical work in the Computer Lab (using Microsoft Excel and VBA), based on real-life data. |
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Statistics and Econometrics: Any mathematical model has to be compared with reality, and this is the function of statistics. This course will cover the techniques of sampling, estimation, the testing of hypotheses, and of regression. Problems of Finance will be used to both motivate and illustrate the mathematical concepts. |
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About 40 hours are devoted to the labs and 80 to lectures and tutorials. |
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Students have carried out internships at leading financial institutions like ICICI Bank, HDFC Bank, Citibank, Citifinance, IndusInd Bank, Murugappa Group, HSBC, Morgan Stanley, Sundaram Newton, etc. Many have been absorbed by these companies, while others have pursued higher studies related to Finance (in India & abroad). |
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Numerical Techniques (Lab): The programme emphasizes practical work. This will be based on Microsoft Excel and VBA. (No previous knowledge of these is required) |
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Comments of Earlier Participants |
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Detailed Syllabus |
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