{"id":1239,"date":"2019-10-20T11:45:00","date_gmt":"2019-10-20T11:45:00","guid":{"rendered":"https:\/\/analystprep.com\/study-notes\/?p=1239"},"modified":"2023-03-16T04:08:51","modified_gmt":"2023-03-16T04:08:51","slug":"part-1","status":"publish","type":"post","link":"https:\/\/analystprep.com\/study-notes\/frm\/part-1\/","title":{"rendered":"FRM Part 1 Study Notes"},"content":{"rendered":"

FRM Part I<\/h2>\n

Foundations of Risk Management<\/h2>\n

1. The Building Blocks of Risk Management<\/a>
\n2. How Do Firms Manage Financial Risk?<\/a>
\n3. The Governance of Risk Management<\/a>
\n4. Credit Risk Transfer Mechanisms
\n<\/a>5.\u00a0Modern Portfolio Theory (MPT) and the Capital Asset Pricing Model (CAPM)<\/a>
\n6.\u00a0The Arbitrage Pricing Theory and Multifactor Models of Risk and Return
\n<\/a>7. Risk Data Aggregation and Reporting Principles
\n<\/a>8.\u00a0Enterprise Risk Management and Future Trends (Available for AnalystPrep Premium Users; Click Here)<\/a>
\n9. Learning From Financial Disasters\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n10.\u00a0Anatomy of the Great Financial Crisis of 2007-2009\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n11.\u00a0GARP Code of Conduct\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a><\/p>\n

Quantitative Analysis<\/h2>\n

1. Fundamentals of Probability
\n<\/a>2. Random Variables<\/a>
\n3.\u00a0Common Univariate Random Variables
\n<\/a>4.\u00a0Multivariate Random Variables
\n<\/a>5. Sample Moments<\/a>
\n6.\u00a0Hypothesis Testing
\n<\/a>7.\u00a0Linear Regression
\n<\/a>8.\u00a0Regression with Multiple Explanatory Variables
\n9<\/a>. Regression Diagnostics<\/a>
\n10.\u00a0Stationary Time Series\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n11.\u00a0Nonstationary Time Series\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n12.\u00a0Measuring Return, Volatility, and Correlation\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n13.\u00a0Simulation and Bootstrapping\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a><\/p>\n

Financial Markets and Products<\/h2>\n

1.\u00a0Banks<\/a>
\n2.\u00a0Insurance Companies and Pension Plans<\/a>
\n3.\u00a0Fund Management<\/a>
\n4.\u00a0Introduction to Derivatives<\/a>
\n<\/a>5.\u00a0Exchanges and OTC Markets
\n<\/a>6.\u00a0Central Clearing<\/a>
\n7.\u00a0Futures Markets<\/a>
\n<\/a>8.\u00a0<\/a>Using Futures for Hedging<\/a>
\n<\/a>9.\u00a0Foreign Exchange Markets<\/a>
\n10.\u00a0Pricing Financial Forwards and Futures
\n<\/a>11.\u00a0Commodity Forwards and Futures<\/a>
\n12.\u00a0Options Markets
\n<\/a>13. Properties of Options
\n<\/a>14.\u00a0Trading Strategies
\n<\/a>15.\u00a0Exotic Options
\n<\/a>16. Properties of Interest Rates
\n1<\/a>7.\u00a0Corporate Bonds\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n18.\u00a0<\/a>Mortgages and Mortgage-backed Securities\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n19.\u00a0<\/a>Interest Rate Futures\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n<\/a>20.\u00a0SWAPS\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a><\/p>\n

Valuation and Risk Management<\/h2>\n

1.\u00a0Measures of Financial Risk<\/a>
\n2.\u00a0Calculating and Applying VaR<\/a>
\n3.\u00a0Measuring and Monitoring Volatility
\n4.\u00a0<\/a>External and Internal Ratings
\n<\/a>5.\u00a0Country Risk
\n<\/a>6.\u00a0Measuring Credit Risk
\n<\/a>7.\u00a0Operational Risk
\n<\/a>8.\u00a0Stress-Testing
\n<\/a>9.\u00a0Pricing Conventions, Discounting, and Arbitrage
\n<\/a>10.\u00a0Interest Rates
\n11.\u00a0<\/a>Bond Yields and Return Calculations<\/a>
\n12.\u00a0Applying Duration, Convexity, and DV01
\n<\/a>13.\u00a0Modeling and Hedging Non-Parallel Term Structure Shifts\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n14.\u00a0Binomial Trees\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n15.\u00a0The Black-Scholes-Merton Model\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a>
\n16. Option Sensitivity Measures: The \u201cGreeks\u201d\u00a0(Available for AnalystPrep Premium Users;\u00a0Click Here)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FRM Part I Foundations of Risk Management 1. The Building Blocks of Risk Management 2. How Do Firms Manage Financial Risk? 3. The Governance of Risk Management 4. Credit Risk Transfer Mechanisms 5.\u00a0Modern Portfolio Theory (MPT) and the Capital Asset…<\/p>\n","protected":false},"author":1,"featured_media":1548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-frm","blog-post","animate"],"acf":[],"yoast_head":"\nFRM Part 1 Study Notes | AnalystPrep - FRM Study Materials<\/title>\n<meta name=\"description\" content=\"Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, Valuation and Risk Management\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/analystprep.com\/study-notes\/frm\/part-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRM Part 1 Study Notes | AnalystPrep - 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