Connect with IMF Institute
Online- Financial Market Analysis

Financial Market Analysis (FMAx)

Deadline passed

Session No.: OL 21.143

Location: Course conducted online

Date: September 1, 2021 - December 31, 2021 (18 weeks)

Delivery Method: Online Training

Primary Language: English

    Target Audience

    All government officials are welcome to register. The course is particularly well-suited for officials in central banks, ministries of finance, and regulatory agencies who have experience with macroeconomics and are interested in building their expertise in finance. The course is offered in English.
    Back to top

    Qualifications

    Participants are expected to have some familiarity with basic statistics and probability techniques. Basic Microsoft Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.
    Back to top

    Course Description

    This online course, presented by the Institute for Capacity Development, introduces participants to the fundamentals of financial analysis that are in the toolkit of policy makers. These tools are used to study the characteristics of various financial instruments and their pricing, analyze portfolios of assets, gaining familiarity with the basics of risk management. Mastery is essential for participants who wish to participate in more advanced and policy-oriented IMF courses in financial or macrofinancial areas. The FMAx course covers, among other topics, the pricing of fixed-income securities and equity; the term structure of interest rates; portfolio allocation and diversification; and an introduction to risk management.
    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to: Price a variety of financial assets (money market instruments, bonds, and equities) using the present value (PV) principle. Measure and compare different yield measures for financial assets. Construct and estimate a yield curve on the basis of readily available information and use several theories to interpret its behavior. Relate differences in the valuation of single equities or markets to economic fundamentals. Construct an optimal portfolio of risky assets using historical return data and assess likely changes in its composition as macroeconomic conditions change. Assess the market risk of an investment by calculating its value at risk (VaR), stressed VaR, and expected shortfall, and use back-testing to evaluate the accuracy of past VaR.
    Back to top

    Apply Now - Application deadline approaching:

    Online Courses

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.
    Learn more

    National Accounts Statistics-Advanced (NAS-A)

    English | March 17-28, 2025 | In-person Training | Singapore, Singapore

    Apply online by December 31, 2024

    Learn more

    Browse by course locations