Finance is the study and management of money, currencies, and capital assets. It is related but not the same as economics, which studies the production, distribution, and consumption of goods and services. Personal, corporate, and public finance are the three types of financial systems based on the extent of their activity.

These financial systems allow for the purchase, sale, or exchange of assets including stocks, bonds, currencies, loans, shares, options, futures, and so on. Moreover, assets can be invested in, banked, and insured to increase value and reduce loss. In actuality, risks are inherent to all financial transactions and companies.

Scholarships for Afghanistan found a number of free online courses covering a variety of useful subjects related to finance from University of McMaster for those interested students. These courses are outlined below.

1: Finance for Everyone: Markets Free Online Course:

In this free online course you’ll discover why interest rates have historically served as a crucial indicator of everything’s worth. You will study how interest rates fluctuate, how they affect investment, consumption, and economic growth, as well as the peculiarities of negative interest rates. Markets illustrates how interest rates affect the value of all financial assets, including how the stock and bond markets have the power to topple entire empires.

Brief Details:

• Course Subject: Finance
• Course Level: Beginner level
• Medium of Instruction: English
• Course Duration: 10 hours (approximately)
• Course Schedule: Self-Paced
• Host Institution: McMaster University
• Presenting Platform: Coursera
• Fee: Free
• Starting Date: Available Now
• Instructor: Arshad Ahmad
• Certificate: Shareable certificate upon completion

Benefits:

After completing this course, you ought to be capable of:

• Gain knowledge of the financial markets in relation to the larger context of finance.
• Describe how interest rates affect the financial markets.
• Become knowledgeable about the derivatives, stock, and bond markets.
• Accurately complete financial calculations.
• Get expertise investigating investment possibilities and monitoring their long-term success.
• Confidently discuss financial concepts with others.
• Gain self-assurance in your capacity to engage in financial markets.
• Connect key financial ideas and concepts to real-world and everyday situations.

2: Finance for Everyone: Debt Free Online Course:

In Debt, they tackle one of the trickiest and most unanswered financial problems: how much to borrow? They begin by showing why using debt has historically been a powerful temptation and still is, especially when borrowing prices are historically low. They pinpoint the requirements for determining the ideal debt load for a business trying to optimize its worth. You’ll master associated ideas like standards and benchmarks. You will examine these and more variables that affect debt for both private citizens and public sector entities, such as governments, which are the biggest loan consumers.

Brief Details:

• Course Subject: Finance
• Course Level: Beginner level
• Medium of Instruction: English
• Course Duration: 11 hours (approximately)
• Course Schedule: Self-Paced
• Host Institution: McMaster University
• Presenting Platform: Coursera
• Fee: Free
• Starting Date: Available Now
• Instructor: Arshad Ahmad
• Certificate: Shareable certificate upon completion

Benefits:

After completing this course, you ought to be capable of:

• Describe the ways that debt can benefit or hurt a person, a business, and the nation.
• Connect key financial ideas and concepts to real-world or everyday situations.
• Accurately complete financial calculations.
• Gain self-assurance in your capacity to handle debt.
• Conduct research to learn more about certain financial problems or situations.
• Get involved with the news, causes, and communities that are important to you; this includes financial and debt concerns.
• Confidently evaluate financial matters (such as an entity’s debt condition).
• Examine how businesses implement financial principles.

3: Finance for Everyone: Decisions Free Online Course:

Finance for Everyone: Decisions will give you an overview of the principles of finance as well as how free markets function. You will discover how the global economy is built on free markets and their “creative destruction,” as well as how these same markets transfer money in ways that both produce and destroy riches. Timeless ideas like compounding, discounting, annuities, effective interest rates, and more will be part of your financial toolbox.

Brief Details:

• Course Subject: Finance
• Course Level: Beginner level
• Medium of Instruction: English
• Course Duration: 12 hours (approximately)
• Course Schedule: Self-Paced
• Host Institution: McMaster University
• Presenting Platform: Coursera
• Fee: Free
• Starting Date: Available Now
• Instructor: Arshad Ahmad
• Certificate: Shareable certificate upon completion

Benefits:

After completing this course, you ought to be capable of:

• Become acquainted with the larger financial context.
• Describe the potential positive and negative societal effects of financial actions.
• Explain how money has a time value.
• Accurately complete financial calculations.
• Gain self-assurance in your capacity to make wise financial choices.
• Connect key financial ideas and concepts to real-world and everyday situations.
• (Optional) Use a financial calculator to perform standard financial computations.

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4: Finance For Everyone: Value Free Online Course:

In Value, you will study ideas, which are the world’s most potent source of value. Ideas are the sources of productivity in both the public and private spheres. You will gain knowledge of the common frameworks that dictate how concepts and money interact to allocate financial resources. For every project, company, or endeavor, they will determine which cash flow components are the most crucial components of value. They also evaluate the financial strategies that have been utilized to kill some concepts and give life to others.

Brief Details:

• Course Subject: Finance
• Course Level: Beginner level
• Medium of Instruction: English
• Course Duration: 10 hours (approximately)
• Course Schedule: Self-Paced
• Host Institution: McMaster University
• Presenting Platform: Coursera
• Fee: Free
• Starting Date: Available Now
• Instructor: Arshad Ahmad
• Certificate: Shareable certificate upon completion

Benefits:

After completing this course, you ought to be capable of:

• Become familiar with methods of valuation.
• Explain the significance of components, assumptions, and cash flows.
• Gain knowledge of market perfection, corrections, and strategies for fortifying oneself against unstable financial conditions.
• Accurately complete financial calculations.
• Gain self-assurance in your capacity to determine worth.
• Connect key financial ideas and concepts to real-world and everyday situations.
• Connect the news you care about to the creation or destruction of value.
• Use fundamental financial ideas to address problems both alone and with others.

5: Finance for Everyone Capstone Project Free Online Course:

You will gain valuable knowledge and insights from each F4E course that you can use in everyday circumstances. Through exercises and tests that impact your major financial decisions, your involvement in the financial markets, your knowledge of generating or conserving value, and your handling of debt, you’ll put those insights to the test. By providing a secure setting for making, creating, simulating, writing, and teaching, as well as for buying and selling, these activities aim to fully immerse you in financial thinking. Every task you complete counts as a learning milestone, and each milestone earns you a product to add to your portfolio of knowledge.

Brief Details:

• Course Subject: Finance
• Course Level: Beginner level
• Medium of Instruction: English
• Course Duration: 8 hours (approximately)
• Course Schedule: Self-Paced
• Host Institution: McMaster University
• Presenting Platform: Coursera
• Fee: Free
• Starting Date: Available Now
• Instructor: Arshad Ahmad
• Certificate: Shareable certificate upon completion

Benefits:

After completing this course, you ought to be capable of:

• To comprehend financial ideas and the effects of finance on society, use financial resources and knowledge.
• Gain self-assurance in your capacity to handle financial matters.
• Connect key financial ideas and concepts to real-world and everyday situations.
• Use fundamental financial ideas to address problems both alone and with others.
• Conduct research to learn more about a certain financial topic that is important to you.
• Accurately complete financial calculations.
• Confidently discuss financial concepts with others.
• Produce a piece of work that reflects your expanding comprehension of the financial landscape.

How to Apply?

Please click on the names of the courses you want to apply for. This will take you to the course’s main website, where you must create a new account and begin your lessons.

• Finance for Everyone: Markets

• Finance for Everyone: Debt

• Finance for Everyone: Decisions

• Finance For Everyone: Value

• Finance for Everyone Capstone Project

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