Introduction to Financial Concepts in Python Course

Name: Introduction to Financial Concepts in Python
Rating: 4.868556701030927 (388 reviews)

Introduction to Financial Concepts in Python

BasicSkill Level

4.8+

388 reviews

Updated 08/2024

Using Python and NumPy, learn the most fundamental financial concepts.

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Course Description

Understanding the basic principles of finance is essential for making important financial decisions ranging from taking out a student loan to constructing an investment portfolio. Combining basic financial knowledge with Python will allow you to construct some very powerful tools. You'll come out of this course understanding the time value of money, how to compare potential projects and how to make rational, data-driven financial decisions.

Prerequisites

Intermediate Python for Finance

The Time Value of Money

Learn about fundamental financial concepts like the time value of money, growth and rate of return, discount factors, depreciation, and inflation.

Fundamental financial concepts

50 XP

Growth and rate of return

100 XP

Compound interest

100 XP

Discount factors and depreciation

100 XP

Present and future value

50 XP

Present value

100 XP

Future value

100 XP

Adjusting future values for inflation

100 XP

Net present value and cash flows

50 XP

Discounting cash flows

100 XP

Initial project costs

100 XP

Diminishing cash flows

100 XP

Start Chapter

Making Data-Driven Financial Decisions

In this chapter, you will act as the CEO of a company, making important data-driven financial decisions about projects and financing using measures such as IRR and NPV.

A tale of two project proposals

50 XP

Project proposals and cash flows projections

100 XP

Internal Rate of Return

100 XP

Make a decision based on IRR

50 XP

The Weighted Average Cost of Capital

50 XP

Debt and equity financing

100 XP

Calculating WACC

100 XP

Comparing project NPV with IRR

100 XP

Comparing two projects of different life spans

50 XP

Two project with different lifespans

100 XP

Calculating IRR and NPV with different project lifespans

100 XP

Using the equivalent annual annuity approach

100 XP

Making a data-driven decision on projects of different lifespans

50 XP

Start Chapter

Simulating a Mortgage Loan

You just got married, and you're looking for a new home in Hoboken, New Jersey. You will build a mortgage payment simulator to estimate your mortgage payments and analyze different possible economic scenarios.

Mortgage basics

50 XP

Taking out a mortgage loan

100 XP

Calculating the monthly mortgage payment

100 XP

Amortization, interest and principal

50 XP

Calculating interest and principal payments

100 XP

Simulating periodic payments (I)

100 XP

Simulating periodic payments (II)

100 XP

Home ownership, equity and forecasting

50 XP

Cumulative payments and home equity

100 XP

Rising housing prices

100 XP

Falling housing prices and underwater mortgages

100 XP

Start Chapter

Budgeting Application

You just got a new job as a data scientist in San Francisco, and you're looking for an apartment. In this chapter, you'll be building your own budgeting application to plan out your financial future.

Budgeting project proposal

50 XP

Salary and taxes

100 XP

Monthly expenses and savings

100 XP

Forecast salary growth and cost of living

100 XP

Forecast growing expenses due to inflation

100 XP

Net worth and valuation in your personal financial life

50 XP

Calculate your net worth

100 XP

So you want to be a millionaire?

100 XP

Investing a percentage of your income (I)

100 XP

Investing a percentage of your income (II)

100 XP

The power of time and compound interest

50 XP

Investing over time

50 XP

Inflation-adjusted net worth

100 XP

Financial concepts in your daily life

50 XP

Start Chapter

Introduction to Financial Concepts in Python

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FAQs

What financial concepts are covered in this Python course?

You will learn the time value of money, growth rates, discount factors, depreciation, inflation, NPV, IRR, mortgage payments, and personal budgeting using Python.

What hands-on projects will I build?

You will build a mortgage payment simulator for a home in Hoboken, New Jersey, and a personal budgeting application for apartment hunting in San Francisco.

Do I need finance knowledge before starting?

No prior finance knowledge is needed. The course teaches fundamental financial concepts from scratch while using Python as the calculation tool.

What Python prerequisites are required?

You need Introduction to Python for Finance and Intermediate Python for Finance, which provide the Python programming foundations used in this course.

Will this course help me make real financial decisions?

Yes. You will learn to compare projects using NPV and IRR, simulate loan scenarios, and build budgeting tools that apply directly to personal and professional financial planning.

Join over 19 million learners and start Introduction to Financial Concepts in Python today!

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Introduction to Financial Concepts in Python

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Course Description

Prerequisites

The Time Value of Money

Making Data-Driven Financial Decisions

Simulating a Mortgage Loan

Budgeting Application

Earn Statement of Accomplishment

Don’t just take our word for it

FAQs

What financial concepts are covered in this Python course?

What hands-on projects will I build?

Do I need finance knowledge before starting?

What Python prerequisites are required?

Will this course help me make real financial decisions?

Join over 19 million learners and start Introduction to Financial Concepts in Python today!

Create Your Free Account

Grow your data skills with DataCamp for Mobile

Course Description

Earn Statement of Accomplishment

Don’t just take our word for it

FAQs

What hands-on projects will I build?

Do I need finance knowledge before starting?

What Python prerequisites are required?

Will this course help me make real financial decisions?

Join over .css-nklxlk{color:var(--wf-brand--main, #03EF62);}19 million learners and start Introduction to Financial Concepts in Python today!

Create Your Free Account

Grow your data skills with DataCamp for Mobile

Join over 19 million learners and start Introduction to Financial Concepts in Python today!