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Finance Theory I (15.401)

MIT Sloan's graduate finance course by Andrew Lo, with full video lectures, slides, problem sets and exams.

Taught byMIT OpenCourseWare

About this course

This MIT OpenCourseWare course publishes Prof. Andrew Lo's introductory graduate finance class in full. It covers present value, fixed income, equities, forwards, futures and options, risk and return, portfolio theory, CAPM and APT, capital budgeting and market efficiency, with problem sets and exams with solutions.

Best for: Ambitious learners who want university-level finance theory for free.

What you will be able to do

  • Value cash flows with present value methods
  • Price bonds, stocks and simple derivatives
  • Apply portfolio theory and the CAPM
  • Evaluate investments with capital budgeting
  • Discuss evidence on market efficiency

Syllabus and your progress

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Cost and certificate

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Free MIT OpenCourseWare materials; no certificate or enrolment.

Before you start: Comfort with algebra and basic statistics

MIT OpenCourseWare sets the terms and can change them. Check the course page before you commit serious time, and tell us if something changed.

Quick answers

Is Finance Theory I (15.401) really free?
Yes, the course material is free on MIT OpenCourseWare. Free MIT OpenCourseWare materials; no certificate or enrolment.
How long does Finance Theory I (15.401) take?
MIT OpenCourseWare does not publish an hour estimate. It is video lectures, so you set the pace.
Do I need experience before Finance Theory I (15.401)?
It helps to have: Comfort with algebra and basic statistics.

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Finance Theory I (15.401)

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