Free GARP FRM Part I Lessons

All 31 GARP FRM Part I lessons are free to read, each with worked examples. Just a free account, no card.

Foundations of Risk Management

• Building Blocks of Risk Management (23 min)
• The Governance of Risk Management (19 min)
• Credit Risk Transfer Mechanisms (19 min)
• Modern Portfolio Theory and the CAPM (18 min)
• Arbitrage Pricing Theory and Multifactor Models (19 min)
• Data Aggregation, Risk Reporting, and Enterprise Risk Management (18 min)
• Financial Disasters, the Great Financial Crisis, and the GARP Code of Conduct (19 min)

Financial Markets and Products

• Banks, Insurance Companies, and Fund Management (22 min)
• Derivatives, Exchanges, and Central Clearing (21 min)
• Futures Markets and Hedging (22 min)
• Foreign Exchange Markets (22 min)
• Pricing Forwards, Futures, and Commodities (18 min)
• Options Markets and Properties of Options (18 min)
• Trading Strategies and Exotic Options (20 min)
• Interest Rates, Corporate Bonds, and Mortgage-Backed Securities (22 min)
• Interest Rate Futures and Swaps (22 min)

Quantitative Analysis

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

Valuation and Risk Models

• Risk Measures, VaR, and Volatility (22 min)
• External and Internal Credit Ratings and Country Risk (23 min)
• Credit Risk, Operational Risk, and Stress Testing (23 min)
• Pricing Conventions, Discounting, and Interest Rates (22 min)
• Bond Yields, Duration, Convexity, and DV01 (21 min)
• Non-Parallel Term Structure Hedging and Binomial Trees (23 min)
• Black-Scholes-Merton and Option Sensitivities (23 min)