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Starting in the '80s, banks have become huge financial supermarkets offering a wide range of different services and products. Employees in these large banks have developed specialized expertise in the area in which they decide to make a career. Along with rapid developments in information technology this has resulted in large IT departments staffed by people without any particular financial and banking education.
For example: How was it possible that the 1929 financial crisis was repeated by the 2008 credit crisis? The outrage and confusion illustrates the knowledge gap of understanding what banks do, what happens on financial markets and what is needed to prevent a derailment of the financial sector.
Since 2005, I train people in the financial sector. To bridge the basic knowledge gap with an easy accessible tool, I have created a 3 hour video E-training at Udemy.
Example topics covered by this course:
Learn about money types and the role of Central Banks;
Understand the different bank types and their activities;
Get an overview of the 3 financial product categories to trade capital, foreign currencies and risk
Understand financial market products trading: how, why and by whom;
What happens on a dealing room;
You will be introduced to types of derivative products and why they are used;
Learn about the root of the 2008 financial crisis and how it can be prevented;
Understand exchange trading by a 20 minute entertaining video of the history of the Amsterdam Stock Exchange.
BONUS: Students can download a FREE copy of my 40 page book Understand Banks and Financial Markets (Normal price $6) at Smashwords.
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What's inside
Learning objectives
- Improve you skills to work in the finance industry
- Understand financial products and the language of finance
- Identify the 3 types of money and how banks create money
- You will learn what different types of banks do and how they make money
- Overview of the 3 financial product categories to trade capital, foreign currencies and risk
- Understand the emotions that drive risk management
- The different types of derivative products and why they are traded in high volumes
- Know the root of the 2008 financial crisis and how it can be prevented
- Know how, why and by whom products are traded on financial markets
- What is the role of central banks and their influence
- How money is created
- Overview of the payment prcoess
- Risk management basics
- Prepare for garp or aci certifications
- Show more
- Show less
- Improve you skills to work in the finance industry
- Understand financial products and the language of finance
- Identify the 3 types of money and how banks create money
- You will learn what different types of banks do and how they make money
- Overview of the 3 financial product categories to trade capital, foreign currencies and risk
- Understand the emotions that drive risk management
- The different types of derivative products and why they are traded in high volumes
- Know the root of the 2008 financial crisis and how it can be prevented
- Know how, why and by whom products are traded on financial markets
- What is the role of central banks and their influence
- How money is created
- Overview of the payment prcoess
- Risk management basics
- Prepare for garp or aci certifications
- Show more
- Show less
Syllabus
Introduction and Structure
After reading this booklet you will understand the fundamentals of the banking industry. Also it supports participants of my other training programmes and workshops.
Read more
Syllabus
After reading this booklet you will understand the fundamentals of the banking industry. Also it supports participants of my other training programmes and workshops.
This short video explains the three different types of money and who can create money. Also you will learn about the money multiplier and liquidity reserve. Source of this video: http://positivemoney.org/videos/
This short video gives you an overview of the payment process. You will learn about the role of Central Banks and how banks settle payments. Source of this video: http://positivemoney.org/videos/
This video gives an example of credit card payment. This video is created by the Kahn Academy (https://www.youtube.com/watch?v=IPxQQNyCxas)
In this film you will learn about the history of the first public financial trading: The Amsterdam Stock Exchange. It illustrates the development and future of trading..
Good to know
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Activities
Review Introduction to Financial Markets
Show steps
Review the key concepts and principles of financial markets to strengthen your foundational understanding of the course material.
Show steps
-
Read the assigned chapters from the textbook.
-
Take notes and highlight important passages.
-
Create a summary or mind map of the key concepts.
-
Participate in online discussions or forums to reinforce your understanding.
Review Bank Management
Show steps
Gain insights into the intricacies of bank management to supplement the course's coverage of bank operations and financial strategies.
Show steps
-
Read the specified chapters from the textbook.
-
Identify and analyze key concepts and theories.
-
Compare and contrast different management approaches.
-
Apply your understanding to case studies or simulations.
Explore Online Banking Platforms
Show steps
Familiarize yourself with the features and functionality of online banking platforms to enhance your understanding of modern banking practices.
Browse courses on
Finance
Show steps
-
Visit websites or mobile apps of different banks.
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Explore the available services, such as account management, bill payments, and investment options.
-
Compare the user interfaces and ease of use.
-
Read reviews or articles about the latest trends in online banking.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Compile Glossary of Banking Terms and Concepts
Show steps
Create a comprehensive glossary of key banking terms and concepts to enhance your understanding and retention of the course material.
Browse courses on
Finance
Show steps
-
Identify and list important terms from class lectures, readings, and discussions.
-
Define each term clearly and concisely using reliable sources.
-
Organize the glossary alphabetically or by category.
-
Review the glossary regularly to reinforce your understanding.
Attend Industry Conferences or Webinars
Show steps
Engage with professionals in the banking industry at conferences or webinars to expand your network and gain insights from experts.
Browse courses on
Networking
Show steps
-
Identify relevant conferences or webinars aligned with your interests.
-
Register and attend the events.
-
Network with speakers, attendees, and industry professionals.
-
Follow up with valuable connections after the event.
Practice Financial Statement Analysis
Show steps
Engage in practice exercises to develop your skills in analyzing financial statements, a crucial aspect of understanding bank performance and risk.
Browse courses on
Financial Statement Analysis
Show steps
-
Obtain sample financial statements from banks or online databases.
-
Identify and calculate key financial ratios.
-
Analyze the ratios to assess financial performance, liquidity, and solvency.
-
Compare the results with industry benchmarks or peer banks.
Develop a Financial Plan for a Start-up
Show steps
Apply your knowledge of banking and finance to develop a financial plan for a hypothetical start-up, showcasing your ability to plan and strategize for business success.
Browse courses on
Financial Planning
Show steps
-
Define the business concept and identify target market.
-
Estimate start-up costs, revenue projections, and profit margins.
-
Secure funding through loans, investments, or crowdfunding.
-
Create a budget and cash flow statement.
-
Identify potential risks and develop mitigation strategies.
Review Introduction to Financial Markets
Show steps
Review the key concepts and principles of financial markets to strengthen your foundational understanding of the course material.
Show steps
- Read the assigned chapters from the textbook.
- Take notes and highlight important passages.
- Create a summary or mind map of the key concepts.
- Participate in online discussions or forums to reinforce your understanding.
Review Bank Management
Show steps
Gain insights into the intricacies of bank management to supplement the course's coverage of bank operations and financial strategies.
Show steps
- Read the specified chapters from the textbook.
- Identify and analyze key concepts and theories.
- Compare and contrast different management approaches.
- Apply your understanding to case studies or simulations.
Explore Online Banking Platforms
Show steps
Familiarize yourself with the features and functionality of online banking platforms to enhance your understanding of modern banking practices.
Browse courses on
Finance
Show steps
- Visit websites or mobile apps of different banks.
- Explore the available services, such as account management, bill payments, and investment options.
- Compare the user interfaces and ease of use.
- Read reviews or articles about the latest trends in online banking.
Compile Glossary of Banking Terms and Concepts
Show steps
Create a comprehensive glossary of key banking terms and concepts to enhance your understanding and retention of the course material.
Browse courses on
Finance
Show steps
- Identify and list important terms from class lectures, readings, and discussions.
- Define each term clearly and concisely using reliable sources.
- Organize the glossary alphabetically or by category.
- Review the glossary regularly to reinforce your understanding.
Attend Industry Conferences or Webinars
Show steps
Engage with professionals in the banking industry at conferences or webinars to expand your network and gain insights from experts.
Browse courses on
Networking
Show steps
- Identify relevant conferences or webinars aligned with your interests.
- Register and attend the events.
- Network with speakers, attendees, and industry professionals.
- Follow up with valuable connections after the event.
Practice Financial Statement Analysis
Show steps
Engage in practice exercises to develop your skills in analyzing financial statements, a crucial aspect of understanding bank performance and risk.
Browse courses on
Financial Statement Analysis
Show steps
- Obtain sample financial statements from banks or online databases.
- Identify and calculate key financial ratios.
- Analyze the ratios to assess financial performance, liquidity, and solvency.
- Compare the results with industry benchmarks or peer banks.
Develop a Financial Plan for a Start-up
Show steps
Apply your knowledge of banking and finance to develop a financial plan for a hypothetical start-up, showcasing your ability to plan and strategize for business success.
Browse courses on
Financial Planning
Show steps
- Define the business concept and identify target market.
- Estimate start-up costs, revenue projections, and profit margins.
- Secure funding through loans, investments, or crowdfunding.
- Create a budget and cash flow statement.
- Identify potential risks and develop mitigation strategies.
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