Modeling on a Budget: Automating a Financial Modeling Course Without Subscription-Based Data Sources
Abstract
The cost of popular fmance databases puts them out of reach of many smaller institutions. This article shows how data freely available online can be integrated efficiently into a financial modeling course. We show how to import finance data from various sources automatically including financial statements, stock prices and returns, bonds, and options. We also provide example spreadsheets of financial modeling exercises fed by this data. This study can help improve student learning of difficult finance concepts and build spreadsheet skills. It can also help instructors create in-class exercises, assignments, and exam questions more efficiently.
Recommended Citation
(2026)
"Modeling on a Budget: Automating a Financial Modeling Course Without Subscription-Based Data Sources,"
Journal of Economics and Finance Education: Vol. 20:
Iss.
1, Article 4.
Available at:
https://scholarship.rollins.edu/jefe/vol20/iss1/4
