Curriculum
Markets, institutions, and conduct
How finance is practised, and how it should beBanks turn deposits into loans, derivatives move risk, currencies connect economies, and technology rebuilds the plumbing. This path follows the money through the institutions, then asks the question every practitioner faces: is the decision defensible as well as profitable?
- Modules
- 3
- Chapters
- 9
- Concepts
- 9
- Study time
- 225 min
Who it is for
Intermediate students heading into banking, markets, or fintech
By the end you can
You can read a bank balance sheet, price a loan for expected loss, measure market and liquidity risk, price and use a forward, understand an option payoff, derive a parity forward rate, test a fintech unit economics, and recognise a conflict of interest.
- 1
Banks and risk
How intermediation earns its spread, and the three risks that can break it.
Intermediate80 min- 1.1
The spread business
Deposits, loans, net interest margin, and why thin capital is fragile.
- 1.2
Lending and loss
Probability of default, loss given default, and pricing expected credit loss.
- 1.3
Measuring risk
Rate gaps, value at risk, and the liquidity coverage ratio.
- 1.1
- 2
Derivatives and currency
Transfer risk deliberately, then price the exposure that crosses a border.
Intermediate75 min- 2.1
Hedging with forwards and futures
Cost of carry, locking in a price, and the margin that funds the contract.
- 2.2
Options and asymmetry
Payoffs, premiums, and the break-even that sits above the strike.
- 2.3
Currency and parity
Covered interest parity and purchasing power parity in practice.
- 2.1
- 3
Fintech and conduct
New plumbing, old incentives, and the standards that outlast both.
Intermediate70 min- 3.1
Payments economics
Merchant rates, cost per transaction, and why thin margins need volume.
- 3.2
Digital lending
Contribution per loan, break-even volume, and acquisition payback.
- 3.3
Conduct and conflicts
Structural conflicts, expected-value arithmetic, and what numbers leave out.
- 3.1