Free GARP FRM Part I Lessons

All 31 GARP FRM Part I lessons are free to read, each with worked examples and audio narration. No signup required.

Foundations of Risk Management

• Building Blocks of Risk Management (22 min)
• The Governance of Risk Management (18 min)
• Credit Risk Transfer Mechanisms (18 min)
• Modern Portfolio Theory and the CAPM (17 min)
• Arbitrage Pricing Theory and Multifactor Models (18 min)
• Data Aggregation, Risk Reporting, and Enterprise Risk Management (18 min)
• Financial Disasters, the Great Financial Crisis, and the GARP Code of Conduct (18 min)

Financial Markets and Products

• Banks, Insurance Companies, and Fund Management (21 min)
• Derivatives, Exchanges, and Central Clearing (21 min)
• Futures Markets and Hedging (22 min)
• Foreign Exchange Markets (23 min)
• Pricing Forwards, Futures, and Commodities (16 min)
• Options Markets and Properties of Options (17 min)
• Trading Strategies and Exotic Options (19 min)
• Interest Rates, Corporate Bonds, and Mortgage-Backed Securities (21 min)
• Interest Rate Futures and Swaps (21 min)

Quantitative Analysis

• Probability Fundamentals and Random Variables (18 min)
• Common Distributions and Multivariate Random Variables (18 min)
• Sample Moments and Hypothesis Testing (18 min)
• Linear Regression with One and Multiple Regressors (18 min)
• Regression Diagnostics (18 min)
• Time Series — Stationary and Non-Stationary Processes (19 min)
• Returns, Volatility, and Simulation (18 min)
• Machine Learning Methods and Prediction (17 min)

Valuation and Risk Models

• Risk Measures, VaR, and Volatility (21 min)
• External and Internal Credit Ratings and Country Risk (21 min)
• Credit Risk, Operational Risk, and Stress Testing (22 min)
• Pricing Conventions, Discounting, and Interest Rates (20 min)
• Bond Yields, Duration, Convexity, and DV01 (20 min)
• Non-Parallel Term Structure Hedging and Binomial Trees (21 min)
• Black-Scholes-Merton and Option Sensitivities (22 min)