Since most topics covered in Finance 4366 presuppose a fundamental understanding and facility with algebra, differential calculus, and probability & statistics, the second class meeting in the Spring 2024 semester will incorporate a mathematics tutorial. Subsequently, the third and fourth class meetings will delve into probability and statistics.
The Khan Academy is an exceptional online resource for revisiting or acquainting oneself with these concepts. Below are my recommendations for specific Khan Academy videos covering the following topics:
- Algebra: Intro to the Binomial Theorem, Pascal’s Triangle and Binomial Expansion
- Calculus: Taking derivatives, Optimization (profit maximization) with calculus, Visualizing Taylor Series for e^x
- Probability and statistics: Basic probability, Compound, independent events, Permutations, Combinations, probability using combinatorics, Random variables and probability distributions, Binomial distribution, Law of Large Numbers, and Normal Distribution.
Lastly, if your algebra proficiency is somewhat rusty, I would also recommend exploring the Khan Academy’s algebra review for a comprehensive refresher.