Name: 1. Introduction, Financial Terms and Concepts
Uploaded: 2018-08-16T07:16:12.000Z
Duration: 1 h 30 s
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JAKE XIA: This is the second
time we are having this class.

We had it last year
in a smaller version.

And mostly practitioners
from the industry,

from Morgan Stanley,
talking about examples

And so we got some good
response last year.

So, with the support
of the math department,

we decided to expand this
class to be 12 units of credit

So, we have every Tuesday
and Thursday afternoon

from 2:30 to 4:00, as you
know, in this classroom.

So last year, Dr. Vasily
Strela and I-- by the way,

and we were the main
instructors last year.

Now we doubled it up to
four main instructors.

That's Dr. Peter Kempthorne
and Dr. Choongbum Lee.

The reason we doubled
up the main instructors

is we have newly added math
lectures, mostly focusing

from linear algebra,
probability to statistics,

and some stochastic calculus
to give you the foundation

in those examples in the lecture
taught by the practitioners

to give you a sampling menu to
see how mathematics is applied

in modern finance and help you
to decide if this is a field

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And so hopefully, this will
give you enough information

to decide this is a field
you would like to pursue

In fact, last year when
we finished the class,

we had a few students coming
to work in the industry.

Some work at Morgan Stanley,
some work at elsewhere.

will further solidify
your math knowledge

And we put the prerequisite
about the math part a bit

So I will use today's
first lecture's time

to prepare you some basic
background knowledge

I always like to know who are
actually in the classroom,

so I know roughly what kind of
background and where you are.

So how many undergraduate
students are here?

How many graduate students
are here, just to verify?

And how many students are in
finance and business major?

How many of you actually
are from other universities?

Great, because last
year we had quite a few,

that you're very welcome
to attend the classes here.

And last year I remember
we had a couple of students

affiliated with both the math
department and the Sloan school

We will be doing a bit
more polling along the way,

mainly to get feedback of
how you feel about the class.

the easiest way is
really just to send us

emails, which you will find
from the class website.

VASILY STRELA: And all
of us got MIT emails.

We all have MIT emails, which
are listed on the website.

JAKE XIA: And obviously,
we have offices here.

You can easily stop by Peter
and Choongbum's offices.

And Vasily and I probably
will be less often on campus,

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1. Introduction, Financial Terms and Concepts

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