Online courses directory (3)
Financial institutions are a pillar of civilized society, supporting people in their productive ventures and managing the economic risks they take on. The workings of these institutions are important to comprehend if we are to predict their actions today and their evolution in the coming information age. The course strives to offer understanding of the theory of finance and its relation to the history, strengths and imperfections of such institutions as banking, insurance, securities, futures, and other derivatives markets, and the future of these institutions over the next century.
In this course, we will look at the properties behind the basic concepts of probability and statistics and focus on applications of statistical knowledge. We will learn how statistics and probability work together. The subject of statistics involves the study of methods for collecting, summarizing, and interpreting data. Statistics formalizes the process of making decisionsand this course is designed to help you cultivate statistic literacy so that you can use this knowledge to make better decisions. Note that this course has applications in sciences, economics, computer science, finance, psychology, sociology, criminology, and many other fields. Every day, we read articles and reports in print or online. After finishing this course, you should be comfortable asking yourself whether the articles make sense. You will be able to extract information from the articles and display that information effectively. You will also be able to understand the basics of how to draw statistical conclusions.
This course is part of the MITx MicroMasters program in Data, Economics, and Development Policy (DEDP). To audit this course, click “Enroll Now” in the green button at the top of this page.
To enroll in the MicroMasters track or to learn more about this program and how it integrates with MIT’s new blended Master’s degree, go to MITx’s MicroMasters portal.
This is a course for those who are interested in the challenge posed by massive and persistent world poverty, and are hopeful that economists might have something useful to say about this challenge. The questions we will take up include: Is extreme poverty a thing of the past? What is economic life like when living under a dollar per day? Are the poor always hungry? How do we make schools work for poor citizens? How do we deal with the disease burden? Is microfinance invaluable or overrated? Without property rights, is life destined to be "nasty, brutish and short"? Should we leave economic development to the market? Should we leave economic development to non-governmental organizations (NGOs)? Does foreign aid help or hinder? Where is the best place to intervene? And many others.
At the end of this course, you should have a good sense of the key questions asked by scholars interested in poverty today, and hopefully a few answers as well.