Arbitraging Futures Contracts II
Thinking about how hedge funds are different from other institutions
This course covers topics dealing with financing a business, analysis of financial statements, working capital management, short-and long-term financial planning, budgeting and control.
Course Outcomes:
1. Describe and interpret the four standard financial statements.
2. Describe the importance of current assets and liabilities.
3. Calculate and interpret standard business ratios including: current, inventory turnover, gross margin (profit), ROA, ROE, EPS, and A/R Days.
4. Discuss the difference between markup and margin.
5. Calculate break-even points and units needed to make profit levels.
6. Calculate working capital and estimate minimum cash reserves.
7. Track cash flows for an organization.
Back of the envelope calculation of which office space to rent
Backwardation and the theory of Normal Backwardation
Thinking about why backwardation in commodities markets is bullish
Balance Sheet and Income Statement Relationship
Introduction to how banks make money and the value they (potentially) add to society.
Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don't understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives? The video "Banking Explained - Money and Credit" is a resource included in the Finance topic made available from the Kurzgesagt open educational resource series.
Understanding basic capital structure differences
Using a cash flow statement to reconcile net income with change in cash
Basic Shorting
Understanding that a marginal tax rate does not apply to all of income
What cryptographic hash functions are and what properties are desired of them.
A high-level explanation of digital signature schemes, which are a fundamental building block in many cryptographic protocols.
An introduction to the mechanics of bitcoins and an overview of how transactions take place.
An explanation of cryptographic proof-of-work protocols, which are used in various cryptographic applications and in bitcoin mining.
The mechanisms by which the supply of bitcoins is controlled.
A detailed explanation of what makes bitcoin transaction block chains secure.
The mechanics of a bitcoin transaction block chain, which is a construct that is generated by bitcoin miners and functions as a global ledger for recording and validating bitcoins.