Proficiency with first-year algebra; some knowledge of investment strategy or corporate finance is recommended but not required.
“I had a lot of fun following the market, and StockTrak gave me hands on experience.” – Alex M. | Providence, Rhode Island
With an increasing complexity, financial markets exert a powerful presence in our lives and are central to the functioning of our economy. What role does the stock market play and how does it function? What factors govern stock market behavior and lead to market booms and busts? How is the price of a company’s stock determined and how does it affect individual investors? This challenging course introduces the basic financial principles necessary to understand the role of the stock market in our economy and in our personal lives.
Class time is divided between lecture and lab. Participants assume the role of money managers in order to gain an understanding of financial markets as they manage their own portfolio of stocks in a session-long stock market simulation game. Stock options and future contracts are added to the portfolio as the managers gain market expertise. Financial theories presented in class lectures, news of current and world events, and analysis of company reports are incorporated as the new money managers develop strategies to test their understanding of the market for stocks.
Participants are required to bring laptops for this class and, as this is a quantitative course, should be comfortable with math (see prerequisite above) and prepared for a challenging experience.
Phil Toth is a Founding Partner and Managing Director at QueensGiant LLC, where he focuses on capital markets and fintech advisory for companies. He has over twenty years of experience in securities trading and investment banking. He also teaches courses in finance and economics at Seton Hall University. Phil holds an undergraduate degree in finance from Michigan State University and master’s degrees from the University of Oklahoma (MBA), SDA Bocconi (Master of International Economics), and Columbia University (Master of Public Policy).
Pablo Valcarce, CFA, is an investment professional with experience in financial markets. Most recently, he was an investment analyst for the macro hedge fund, Glen Point Capital, where he managed a portfolio of stocks in emerging markets. Prior to that, he was a research associate at one of the largest asset managers, Capital Group, focusing on fundamental analysis across EMEA companies. Pablo started his career at the Japanese investment bank, Nomura, as an equity research analyst covering European retail stocks. He currently works with Mission 2020, focused on increasing portfolio allocation and financial flows towards a green economy. He is a CFA charterholder and holds a double degree in business management and law from Universidad Carlos III de Madrid.