Derivatives
- Teacher(s):
- Course given in: English
- ECTS Credits:
-
Schedule:
Spring Semester
2018-2019,
4.0h. course
+ 1.0h exercices
(weekly average)
WARNING : this is an old version of the syllabus, old versions contain OBSOLETE data. -
sessions
- Related programmes:
ObjectivesThe course is designed to introduce finance students to the analytics of one of the most important tools of contemporary finance, namely financial derivatives. The course focuses on the use and pricing of forwards, futures, swaps, and options, ranging from theoretical to practical aspects. Over the last 35 years, the markets for financial derivatives have grown considerably, and have generated innovative products, ideas, and job opportunities. Individuals and institutions participate in these markets to meet a variety of objectives. For example, firms and portfolio managers can use derivatives to hedge particular types of risks, or to change the distribution of the returns on their portfolios for speculative purposes. To provide a useful treatment of these topics in a rapidly changing environment, it is necessary to approach topics at a technical level. Despite the analysis of financial derivatives is conceptually accessible, the materials are initially challenging for some students, since technical concepts build quickly upon each other. Thus, students are strongly advised to make sure they meet course requirements. By the end of the course, students are expected to develop skills for pricing derivatives, and for developing hedging and trading strategies using them. The course also provides the necessary knowledge to undertake related specialized courses. Contents
ReferencesLecture slides and exercises will be posted on the course web site. The suggested book for the course is: J. Hull, Options, Futures, and Other Derivatives, Prentice Hall, 7th edition, 2008 Alternative books (not required) include:
Possible additional readings and detailed references will be announced during the course. Pre-requisitesA good understanding of calculus and probability theory is required. EvaluationFirst attempt
Retake
|
[» go back] [» courses list]