Financial Modeling
Our objective in this course is to learn the fundamentals and practise building financial models using Microsoft Excel.
By the end of the semester each student should be able develop an understanding of any financial relationship and build that financial relationship into a model using the built-in functions of excel.
Keep in mind that financial modeling, by definition, requires significant work outside the classroom.
Models are introduced, demonstrated, and reviewed in class, but each student is expected to research and collect data, and to construct the models, prior to each weeks class meeting.
Required Materials
Recommended Materials
- Chandan Sengupta
"Financial Modeling using Excel and VB"
Wiley Finance
2004
- Simon Benninga
"Financial Modeling"
MIT Press
2008
- Elisabeth Oltheten & Kevin Waspi
"Financial Markets... and the Instruments That Trade in Them."
Stipes
2006
We will be using Sengupta as our main text. It is easier to follow than the Benninga if you are a beginner. We will also be using some of the models from Benninga. This is a good second text. The Finance is more sophisticated but it is less user friendly. If you are taking this class with a friend or fraternity-brother I suggest one of you buy Sengupta and the other buy Benninga.
Elisabeth Oltheten
Assistant Professor of Finance
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