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Imagine that you are a bank and a main part of your daily business is to lend money. Unfortunately, lending money is a risky business - there is no 100% guarantee that you will get all your money back. If the borrower defaults, you will face losses in your portfolio. Or, in a bit less extreme scenario, if the credit quality of your counterparty deteriorates according to some rating system, the loan will become more risky. These are typical situations in which credit risk manifests itself.
According to the Basel Accord, a global regulation framework for financial institutions, credit risk is one of the three fundamental risks a bank or any other regulated financial institution has to face when operating in the markets (the two other risks being market risk and operational risk). As the 2008 financial crisis has shown us, a correct understanding of credit risk and the ability to manage it are fundamental in today’s world.
This course offers you an introduction to credit risk modelling and hedging. We will approach credit risk from the point of view of banks, but most of the tools and models we will overview can be beneficial at the corporate level as well.
At the end of the course, you will be able to understand and correctly use the basic tools of credit risk management, both from a theoretical and, most of all, a practical point of view. This will be a quite unconventional course. For each methodology, we will analyse its strengths as well as its weaknesses. We will do this in a rigorous way, but also with fun: there is no need to be boring.
Thanks to the wonderful feedback of last year’s students, the course has been further improved.
Follow us on Twitter @CRMooc for updates and hints about the course.
FAQs
What is the estimated effort for course?
The total effort is 48 hours. You can decide for yourself when you will work on the course.
How much does it cost to take the course?
Nothing! The course is free.
Will the text of the lectures be available?
Yes. All of our lectures will have transcripts synced to the videos.
Do I need to watch the lectures live?
No. You can watch the lectures at your leisure.
Is this course related to campus courses of Delft University of Technology?
Yes, this course can be seen as an evolution of the WI3421TU Risk Management course, a compulsory course of the Minor Finance at TU Delft.
Are you finding it difficult to start the conversation, or find the right words when communicating in English? Do you know how to start and end conversations in a polite way? Do you want to learn more about American, British, Canadian, Australian, South Korean, Colombian, and Chinese cultures? If so, you’ve come to the right course!
语言最重要的功能就是交流。在交流中我们要知道如何开始一个对方感兴趣的话题,回答别人的提问,自然、流畅地完成一个对话。本课程选取了8个主题,由50多位来自美国、英国、加拿大、澳大利亚、哥伦比亚、中国的老师及各个年龄段的学生,在真实的场景中,用最地道的表达和最纯正的英语,带你谈论日常生活、学习的方方面面。
本课程分为八个单元,每个单元有一个主题,分别是:
1、个人信息的介绍与交换
2、我们的家人和朋友
3、饮食与用餐
4、英语学习的目的和方法
5、假日活动和难忘的经历
6、兴趣爱好
7、情感表达
8、保持健康
每个主题由十余组对话和小组讨论,外籍老师的中西方文化差异介绍,中国老师的重点词汇、句型讲解,听力理解练习和口语测试构成。通过学习和练习,你将可以和讲英语的朋友们自如地交谈、讨论与主题相关的任何问题。本课程的学习方法有很多。英语学习者可以在反复地听和跟读对话的过程中,不断积累语言素材,和你身边的朋友或同课程的学习者进行对话练习;英语教师可以选用本课程中适合的主题,组织学生进行听说训练,组织高效课堂。也许你不能理解每段对话的全部内容,只需听懂大意,随着课程的进展,你听懂的内容会越来越多。让我们一起实现一次英语听说的飞跃吧。
本门课程在制作过程中得到了香港伟新教育基金和Google公司的资助,特此鸣谢。
When you meet a new person, it is hard to know what to expect. You may not be able to read the person or understand what they mean. Even if you want to have a good relationship with them, this lack of understanding can make interactions tense, unpredictable and scary! The same is true for a lot of people as they encounter statistics and mathematical ways of working with data. Statistics can be confusing and opaque. Symbols, Greek letters, very large and very small numbers, and how to interpret all of this can leave to feeling cold and disengaged—even fearful and resentful.
But in the modern information age, having a healthy relationship with statistics can make life a whole lot easier. We are constantly faced with an onslaught of data and claims about it—from news articles, to Facebook and blog posts, casual and professional conversations, reports at our workplace, advertising, and claims from politicians and public officials. How can we process that information, make sense of it, evaluate truth claims, and put ourselves in a position to act on the information? One of the most important ways is by befriending statistics and consistently using statistical ways of thinking.
The purpose of this course, then is to help you develop a functional, satisfying, and useful life-long relationship with statistics. To achieve that goal, we will take a non-technical approach—you will learn how statistics work and why they are so helpful in evaluating the world of information that is around us. You will learn about the logic of statistical thinking and the concepts (rather than the mathematical details and probability theory) that guide statistical inferences and conclusions.
You do not need to be a math whiz to take this course. If you can add, subtract, multiply, and divide (or just be able to use a calculator to do that!), you will be more than able to handle what will happen as this relationship develops.
By the end of the course you will be able to:
- Identify the most important features of a data set
- Select a statistical test based on the features of the data
- Think like a statistical detective
- Understand the relationship between two different characteristics or variables
- Perform some simple statistical calculations and draw some conclusions from real data
- Hopefully, love stats!
We’ll do all of this using entertaining examples related to real-life situations we all encounter in everyday life.
You face a difficult moral decision every time you decide what to eat. What impact should animal rights have on your decision? Is the suffering involved in meat, egg and dairy production bad enough that you should go vegan? How do your food choices affect the economy and the environment? Should you become a locavore? Should you eat only sustainably produced, "farm to table" food? Or is factory-farmed food more efficient and ultimately better for the environment?
We also face difficult food-related questions at the political-social level. Should states restrict their citizens' food choices so as to encourage healthy eating? Should governments grant patents on genetically modified crops? And how do we, as a society, implement effective food policies for a rapidly expanding world population?
This class will provide the tools required to reflect clearly and effectively on these challenging questions.
Our goal is to provide a working understanding of some leading ethical theories as well as the central empirical issues related to food production, distribution and consumption. Along the way, students will hear from a variety of scientists, philosophers, activists, and industry participants:
- Carol Adams, author of The Sexual Politics of Meat
- T. Colin Campbell, Cornell nutritionist and author of The China Study
- Mark Bittman, cookbook author and New York Times food writer
- Marion Nestle, nutritionist and author of Food Politics
- Joe Regenstein, Cornell food scientist and director of the Kosher-Halal Food Initiative
- Joel Salatin, alternative farming advocate and author of 9 books
- Bryant Terry, award-winning chef, author of Vegan Soul Kitchen
- Brian Wansink, Cornell food and brand psychologist, author of Mindless Eating
We are in the midst of an explosion of musical creativity as a result of technologies that allow you to record music using your laptop or tablet. Whether you are a singer, music producer, audio engineer, or just someone that likes to make good music with vocals, it is essential to have an understanding of vocal technologies for music production.
This music production course provides learners with insight into the voice itself, the recording environment, microphones, equalization, compressors, A-D-A conversion, the listening environment, human perception, natural widening concepts, artificial widening concepts, reverb, delay, and more. Grammy-award winning record producer, audio engineer, recording artist, and educator Prince Charles Alexander offers students a first-hand opportunity to learn the technologies behind vocal production, so that you can enhance your music productions with the most compelling and effective vocal tracks.
Three things are clear about today’s music industry: The consumption of music is expanding at the greatest rate in history and from the most portals ever imagined, the cost of producing music is decreasing, and the number of artists creating and seeking to expose their work and develop careers through the Internet has increased dramatically. As demand grows and Internet piracy wanes, ad-supported and subscription models will generate unprecedented revenues that will surpass even the best of past earnings. And, many astute “music industry-watchers” predict a steep rise in business activity and trade earnings by the end of the decade.
Whether you’re a music creator, consumer, or facilitator of this process, you’ll want to understand the history, underpinnings, and basics of the music business. This course has been developed to provide students with the latest instruction on the best way for creators, consumers, and facilitators to navigate the resurgence of one of the world’s most exciting industries: the music business. Course author John Kellogg—administrator, educator, entertainment lawyer, performer, and radio and television personality—offers students the opportunity to learn the fundamental principles of the developing new music business, for now and into the future.
En un mundo virtual en el que hay cientos de millones de páginas disponibles con informacion de todo tipo, buscar en Internet de forma eficaz es una habilidad cada día más necesaria. Aprende con nosotros a separar el grano de la paja usando las herramientas disponibles y realizando las preguntas de forma adecuada.
En el curso aprenderás a planificar una búsqueda desde el comienzo y a utilizar las diversas herramientas que Internet pone a tu alcance para que encuentres aquello que necesitas. Veremos herramientas para buscar vídeos, imágenes, contenido libre de derechos e información institucional, entre otras muchas cosas.
Is a good, solid argument enough to make an impact? How would you disprove the stance that man-made global warming is just an “opinion”? How would you explain your opinion on school tests, budget cuts, crime, immigration, safety and security issues? No doubt that your persuasiveness relies on your arguments. But your ability to influence and convince critically depends on the way you frame your message.
In today’s world, you often need to reduce a complex reality to a concise and convincing message. Framing is an approach that deals with the way we convey our message: our words, images, and metaphors. To take one basic characteristic, a good frame engages the listeners’ values and emotions – it is easy to remember and it is something that people will usually agree with intuitively.
When you enter into a debate, you might be faced with frames of your opponents – and you will have to reframe the debate. This game of framing and reframing makes the debate to look like a chessboard made out of words. Of course, politicians play this game, trying to pull the debate towards their own words and metaphors in order to win their audience. But the game can be found everywhere: in the world of business, science, media – even at home.
We invite you to join our journey of learning the game of framing and reframing. You will discover how this game is played, and how you can play it yourself.
This course suits people who are engaged with and interested in public and political debates. Not only people from the public sector will find it useful, but also engineers, consultants, managers and anyone who wants to make an impact in discussions and debates.
LICENSE
The course materials of this course are Copyright Delft University of Technology and are licensed under a Creative Commons Attribution-NonCommercial-ShareAlike (CC-BY-NC-SA) 4.0 International License.
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Photo Obama by NASA CC BY-NC
Photo Thatcher by British Wallpaper CC BY-NC-SA
Geometry can be traced back to ancient Greece, but Computational Geometry evolved less than 40 years as a branch of computer science. The Computational Geometry taught in this course is derived from classical discrete/combinatorial geometry and modern computer science.
Computational Geometry first appeared on the horizon when M. I. Shamos presented his Ph.D. dissertation in 1978. Since then, this phrase has been used to refer to algorithmic study on discrete and combinatorial geometric structures and can also be regarded as the geometric version of Algorithm Design and Analysis. Computational Geometry is now considered the basis of robotics, computer aided design and manufacturing (CAM and CID), and geographic information systems (GIS).
众所周知,几何学的历史至少可追述至古希腊时代,但不同人对“计算几何”的理解却不尽相同。本课程讨论的计算几何,源自于古典离散/组合几何学与现代计算机科学的结合。M. I. Shamos在1978年完成的博士论文,标志着这个学科分支的诞生。从那时起,“计算几何”往往特指针对离散与组合几何结构的算法研究。简而言之,她也可认为是算法设计与分析的几何版。
本课程的教学目标有三:
其一、对计算几何理论的总体认识,在日后的研究工作中,这种认识为你提供几何的视角
其次、对几何问题求解范式及策略的全面领会,包括递增式构造、平面扫描、分而治之、分层化、近似以及随机化等
最后、对基本几何结构及其算法的透彻掌握,包括凸包、多边形细分、Voronoi图、Delaunay三角剖分,以及几何求交、点定位、范围查找、截窗查询等
Think about your favourite wine. Imagine the brilliance of its colour in the glass, the ripe fruit aromas on the nose, a hint of toasty oak and lingering tannins on the back palate. Perhaps you like a specific wine, but can’t pinpoint the reason why. The attributes that make wine so enjoyable are achieved through the expertise of viticulturists and winemakers, whose decision-making in the vineyard and winery is underpinned by science – to be precise, viticulture and oenology.
The finer details can take years to learn, but in a matter of weeks this course will give you a broad understanding of the principles and practices used to grow grapes and make wine, and their impact on wine appearance, aroma, flavour and taste. You’ll also gain an appreciation for how cutting-edge research is helping to secure the future sustainability of the global wine industry. Whether you’re a wine novice or a seasoned oenophile,, this course is for anyone who loves wine and wine tasting. You’ll even get to make your own wine-- virtually at least!
Confidently describe wine appearance, aroma, flavour and taste.
This introductory environmental science, environmental engineering and municipal engineering course will explore how physicochemical technology and techniques are applied to water and wastewater treatment. We will explore the basic calculation method, composition of structures and operation characteristics, and the latest advancements in water and wastewater treatment technology. Main physicochemical units, including coagulation and flocculation, sedimentation, flotation, filtration, disinfection, oxidation and reduction, membrane separation and ionic exchange, will be covered.
《水处理工程》是清华大学为环境工程、环境科学、市政工程等相关专业学生开设的主干专业课,包括物化处理技术和生化处理技术两大部分。《水处理工程-物化技术》旨在向学生全面讲授水和废水处理中主要的物化处理技术单元的基本原理和特点、工艺的基本计算方法和应用范围、主要构筑物的构成和运行特点、典型的水与废水处理工艺以及相关技术的国内外最新研究进展。本课程介绍的主要物化技术单元包括:混凝、沉淀与澄清、气浮、过滤、消毒、离子交换、膜分离、氧化还原和吸附。
1、课程描述
21世纪以来,互联网金融飞速发展,而中国互联网金融在全世界居于领先地位。互联网金融在改善小微企业融资环境、优化金融资源配置、提高金融体系包容性、发展普惠金融方面的作用性日益重要。
本课程将系统介绍互联网支付、P2P网络借贷、股权众筹融资、互联网贷款、互联网理财、互联网银行、互联网保险、互联网征信等中国互联网金融模式,以及各种模式的典型案例。课程还邀请中国领先的互联网金融机构的高管对案例进行亲身讲解。
通过本课程的学习,学生将有以下收获:
第一,全面了解中国互联网金融的发展,及其对于中国经济社会的积极意义。
第二,系统掌握中国互联网金融各种业务模式的概念、操作、案例及监管。
第三,深入理解日常正在使用或将要使用的互联网金融业务(如支付宝、微信支付、余额宝、P2P投资等)的背后原理。
2、教学大纲
第1周:互联网金融概述
主要内容:互联网金融的概念;互联网金融的业务模式;中国互联网金融的发展;大数据是互联网金融的核心;互联网金融的监管。
第2周:互联网支付
主要内容:互联网支付的概念;互联网支付的特点;互联网支付的发展;移动支付+O2O;互联网支付的监管。
第3周:P2P网络借贷
主要内容:P2P网络借贷的概念;中国P2P网络借贷的问题;中国特色的P2P网络借贷;P2P网络借贷的发展;P2P网络借贷的监管。
第4周:股权众筹融资
主要内容:众筹的类型;产品众筹;股权众筹融资的概念;股权众筹融资的运作;股权众筹融资的本质;股权众筹融资的监管。
第5周:互联网贷款
主要内容:互联网贷款的类型;网络小额贷款;互联网消费金融。
第6周:互联网理财
主要内容:互联网理财概述;互联网基金销售;一站式综合理财;互联网财富管理。
第7周:互联网银行
主要内容:互联网银行的运作;互联网银行的特点;直销银行;互联网银行的监管。
第8周:互联网保险
主要内容:互联网保险的概念;保险产品的互联网销售;互联网保险产品;互联网保险公司;互联网保险的监管。
第9周:互联网征信
主要内容:征信;互联网征信的运作;互联网征信的监管。
3、考核方式
最终成绩由课后作业成绩和期末考试成绩两部分组成。成绩比例为:课后作业50%;期末考试50%。
课后作业每周一次,包括10道客观题。
期末考试由40道客观选择题组成。考试时间2小时。
4、通过标准
总分达到60分可以获得课程完成证书。
Throughout human history, art has served as a window into current events, traditions, societies and culture. And, Chinese and Western civilizations have produced some of the most famous artworks by world-renowned artists.
This course will examine Western and Chinese art, artists and history. Through exploring immortal works of art, this course will help learners gain insight into our shared history and better understand culture, both past and present.
From an interdisciplinary perspective of art history, aesthetics, intellectual history and cultural history, we will explore spiritual and cultural questions such as “where are we from” and “what is humanity.” The course will present a general overview of Chinese art and Western art, focusing on major works with special attention paid to the comparison between China and the West and between tradition and modernity.
In this course, learners will develop a systematic knowledge of Western and Chinese art history, its artists and aesthetic theories. Students will develop aesthetic judgment, appreciation and a knowledge of humanities, and cultivate their artistic tastes.
Join us as we survey renowned Chinese and Western artists and deepen our understanding and appreciation of art, history and culture.
Zizhi Tongjian is one of the earliest Chinese historiographies spanning nearly 300 volumes and covering 1,300 years of history. Literally meaning “Comprehensive Mirror in Aid of Governance,” Zizhi Tongjian is an annalistic-style history featuring the subjects of politics and the military as the main thread of narration. The collection has been cherished by scholars over numerous dynasties for its historical value and insight into governance, peace and stability.
This guided reading course will help learners deepen their understanding of Chinese history, in addition to applying Zizhi Tongjian’s ancient wisdom to modern-day governance. Because Zizhi TongJian is a rich, expansive text, this course is intended to remove colloquial barriers and help students gain a deeper understanding of Chinese history from Emperor Qin to Caocao and Emperor Taizong.
资治通鉴》是北宋司马光主持编纂的著名编年体史书、传统史籍“通鉴体”门类的开山之作。该书以政治、军事为记述主线,上起公元前403年,下迄公元 959年,以294卷、300多万字的篇幅,系统展现一千三百多年间华夏大地波澜壮阔的历史画卷。该书问世以来,不但以其不可替代的史料价值为历代学者所 重视,更以其资政育人、总结历代治乱兴衰之道的根本动机与高卓史识为后世所称道,呈现出超越时空的巨大生命力。然而《资治通鉴》篇幅浩瀚、内容复杂,加以 历史文献自身的时代特点,非文史专业出身的广大青年学生难以通读并领会其要旨。“《资治通鉴》导读”课程作为一门人文通识课程,目的即在于消除专业壁垒, 引导同学近距离感受这部中国伟大史学著作的魅力。课程主讲张国刚教授潜心研读《资治通鉴》数十年,通过精心选取其中的经典人物言行与历史场景,钩沉发覆、 条分缕析,以现代思维总结文化精髓,以生动语言阐发历史智慧,尤其侧重其中修身、齐家、治国的现实意义,以及中西文化之间的历史性比较。通过“《资治通 鉴》导读”课程的学习,同学们不但可对战国至五代之间中国历史发展演化的基本脉络产生较为全面的把握,还可领悟到如何从传统文化汲取现实营养的基本方法, 为将来进一步学习中国文化开辟道路。
Financial decisions and financial management are drivers of business performance and success. Financial data plays a vital role in business strategy, planning, and positioning. Learn the basics of financial statements, the conceptual framework of financial information and its relationship to firms’ strategic positioning and strategy execution.
By completing this course, you will learn how to assess and use financial information to make informed business decisions.
这门课程用财务语言解构企业的价值创造过程,从而帮助学习者理解影响价值创造的各种因素,建立财务思维,并具备将其应用于商业决策的能力。我们将从认识财务报表开始,逐步了解财务信息的架构体系,讨论财务数据与行业、战略定位与战略执行的关系,剖析企业的价值创造过程,在此基础上,讨论如何运用财务数据进行商业决策。
What you'll learn
· - How to think with a financial mindset
· - How to use financial knowledge when making business decisions
· - The basics of financial systems architecture
· - How financial data plays a role in strategic execution and positioning
· - 用财务语言解构企业的价值创造过程
· - 帮助学习者理解影响价值创造的各种因素
· - 培养将其应用于商业决策的能力
Financial decisions and financial management are drivers of business performance and success. Financial data plays a vital role in business strategy, planning, and positioning. Learn the basics of financial statements, the conceptual framework of financial information and its relationship to firms’ strategic positioning and strategy execution.
By completing this course, you will learn how to assess and use financial information to make informed business decisions.
这门课程用财务语言解构企业的价值创造过程,从而帮助学习者理解影响价值创造的各种因素,建立财务思维,并具备将其应用于商业决策的能力。我们将从认识财务报表开始,逐步了解财务信息的架构体系,讨论财务数据与行业、战略定位与战略执行的关系,剖析企业的价值创造过程,在此基础上,讨论如何运用财务数据进行商业决策。
EX101x is for all of those struggling with data analysis. That crazy data collection from your boss? Megabytes of sensor data to analyze? Looking for a smart way visualize your data in order to make sense out of it? We’ve got you covered!
Using video lectures and hands-on exercises, we will teach you cutting-edge techniques and best practices that will boost your data analysis and visualization skills.
We will take a deep dive into data analysis with spreadsheets: PivotTables, VLOOKUPS, Named ranges, what-if analyses, making great graphs - all those will be covered in the first weeks of the course. After that, we will investigate the quality of the spreadsheet model, and especially how to make sure your spreadsheet remains error-free and robust.
Finally, once we have mastered spreadsheets, we will demonstrate other ways to store and analyze data. We will also look into how Python, a programming language, can help us with analyzing and manipulating data in spreadsheets.
EX101x is created using Excel 2013 and Windows. Most assignments can be made using another spreadsheet program and operating system as well, but we cannot offer full support for all configurations.
The goal of this course is to help you to overcome data analysis challenges in your work, research or studies. Therefore we encourage you to participate actively and to raise real data analysis problems that you face in our discussion forums.
This course is part of the Data Analysis XSeries.
LICENSE
The course materials of this course are Copyright Delft University of Technology and are licensed under a Creative Commons Attribution-NonCommercial-
Have you ever wondered how your favorite mobile applications are developed?
Join us on a gentle journey through the mobile application development landscape, using Android as the platform. Along the way we will learn to use Android Studio, the integrated development environment (IDE) for Android apps. This course is intended for students who have some prior programming experience. The course will introduce you to the basics of the Android platform, Android application components, Activities and their lifecycle, UI design, Multimedia, 2D graphics and networking support in Android.
This course covers the following topics:
- Android platform and the Android Studio IDE
- Android components, Activities and their lifecycle, Intents
- UI Design: Widgets and Layouts, UI Events, Event Listeners
- 2D graphics: Canvas/Drawing using a view
- Multimedia: Audio playback and MediaPlayer
- Network support: AsyncTask, HttpURLConnection
This course is being offered in an experimental format. Students are welcome to audit the course, and participate in all course activities. Certificates will not be issued.
This course is designed to help you become a more effective and confident public speaker. We will demystify the process of writing, practicing, and performing a clear and engaging speech, work through the unique traits of oral versus written communication, and learn how to prepare speeches that are easier to deliver orally and understand aurally.
One of the best ways to refine your own speech ability is through a close study of others' speeches. We will have a number of opportunities to examine and discuss sample speeches and speakers. Growing out of our analysis of speakers, we will discuss who you hold up as a model speaker and analyze what makes that speaker effective. We will critically examine our own speeches and the speeches of others. By becoming a student of public speaking, you join a long history of rhetorical study dating back to ancient Greece.
This course is adapted from a similar class offered by the Bachelor of Arts in Integrated Social Sciences, a fully online degree completion program from the University of Washington.
To help ensure that your learning experience is good, please note that this course is not for beginners or those new to programming. You must have prior programming experience in an object-oriented programming language as there are concepts that are mentioned in the course that are assumed to be prior knowledge and are not explained in detail. If you are new to programming, it is highly recommended that you visit this page to learn some of the fundamentals first.
Learning C# provides a solid foundation in object-oriented programming knowledge, paves the way for learning other programming languages, and positions those who complete this course for a wide variety of in-demand computer programming jobs.
The C# programming language was created to be an object-oriented programming language that offers ease of use, familiarity to C/C++ and Java developers, along with enhanced memory and resource management. C# is prevalent on the Microsoft platform but is also being used to develop software that runs on Linux, Android, and iOS devices.
This course aims to teach the basics of C# all the way through the advanced features of the language.
This course is not a beginner course on C#, although beginners can still learn a lot from the material. It is intended to provide an introduction to the C# language and the world of .NET programming for existing programmers who need or want to learn more about C# and managed code development.
Chemistry and biology are traditionally taught as separate subjects at the high school level, where students memorize fundamental scientific principles that are universally accepted. However, at the university level and in industry, we learn that science is not as simple as we once thought. We are constantly confronted by questions about the unknown and required to use creative, integrated approaches to solve these problems. By bringing together knowledge from multidisciplinary fields, we are empowered with the ability to generate new ideas. The goal of this course is to develop skills for generating new ideas at the interface between chemistry and biology by analyzing pioneering studies.
When should I register?
Registration will be open throughout the course.
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