The Open University since 2006
Alternatively you can skip the navigation by pressing 'Enter'.
Thinking Allowed 2016: The Flaneur - Walking in the CityMonday, 2nd May 2016 00:15 - BBC Radio 4In this themed programme Laurie Taylor and guests look at the meaning of the urban stroller, past and present. Read more: Thinking Allowed 2016: The Flaneur - Walking in the City
Shakespeare Speaks: A pound of fleshAvailable for over a yearKing James needs to stay awake during this performance of The Merchant of Venice to find out why Shylock is talking... Read more: Shakespeare Speaks: A pound of flesh
Everyday Miracles: The Genius of Sofas, Stockings & Scanners: AwayAvailable until Saturday, 28th May 2016 21:00
Thinking Allowed 2016: The Flaneur - Walking in the CityAvailable for over a year
All in the Mind - Summer 2016: All in the Mind Awards and psychology in filmsAvailable for over a year
Life In Cold BloodDavid Attenborough explores the lives of amphibians and reptiles - cold blood, but amazing... Watch now: Life In Cold Blood
Take the photographic memory testCan you capture scenes just by looking at them? Find out with our photographic memory test. Launch now: Take the photographic memory test
Technology, innovation and managementDevelop a critical understanding of technological innovation and management. This free course,... Try: Technology, innovation and management now
Forensic psychologyIn this free course, Forensic psychology, you will discover how psychology can help obtain... Try: Forensic psychology now
How do financial markets match providers with users, and how efficiently does the market determine prices? Can investors rely on notoriously volatile stock markets to function efficiently? It can be difficult to determine whether successful investments are a matter of skill or luck. In this free course, The financial markets context, you will interrogate whether markets can function efficiently, and what factors might militate against this. You will also learn the importance of the Efficient Markets Hypothesis.
After studying this course, you should be able to:
- make an informed judgement about whether or to what extent a financial market satisfies the conditions of an efficient market
- identify the main factors that could detract from that efficiency.
Study this free course
Enrol to access the full course, get recognition for the skills you learn, track your progress and on completion gain a statement of participation to demonstrate your learning to others. Make your learning visible!
The financial markets context
How do financial markets match providers with users, and how efficiently does the market determine prices? Financial markets can be notoriously volatile, and the stock market is possibly the most volatile of them all. This is after all the place where, depending on skill or on luck, investors either ‘make a killing’ or ‘lose their shirts’. But which does it depend on – skill or luck? Or does it depend on a mixture of the two? In this unit, you will find the answers to these key questions and discover the importance of the Efficient Markets Hypothesis.
This OpenLearn course provides a sample of postgraduate study in
This free course includes adapted extracts from an Open University course which is no longer available to new students. If you found this interesting you could explore more free Accounting and Finance courses or view the range of currently available OU Accounting and Finance courses.
Copyright & revisions
Originally published: Thursday, 19th July 2012
Last updated on: Thursday, 14th January 2016
- Creative-Commons: The Open University is proud to release this free course under a Creative Commons licence. However, any third-party materials featured within it are used with permission and are not ours to give away. These materials are not subject to the Creative Commons licence. See terms and conditions. Full details can be found in the Acknowledgements and our FAQs section.
- This site has Copy Reuse Tracking enabled - see our FAQs for more information.
If you enjoyed this, why not follow a feed to find out when we have new things like it? Choose an RSS feed from the list below. (Don't know what to do with RSS feeds?)
Remember, you can also make your own, personal feed by combining tags from around OpenLearn.
All our alternative formats are free for you to download, for more information about the different formats we offer please see our FAQs. The most frequently used are Word (for accessibility), PDF (for print) and ePub and Kindle to download to eReaders*.
- Word (654 KB)
- PDF (1.5 MB)
- ePub 3.0 (532 KB)
- ePub 2.0 (533 KB)
- Kindle (210 KB)
- RSS (67 KB)
- HTML (618 KB)
- SCORM (618 KB)
- OUXML Package (13 KB)
- OUXML File (36 KB)
- IMS Common cartridge
- Moodle backup (621 KB)
*Please note you will need an ePub and Mobi reader for these formats.