(无)

The objective of this course is to provide the students with an understanding of financial derivatives, including option and futures, their pricing and practical applications of options and futures. At the end of the course, the student should be able to build and implement basic option and futures pricing models, and use these models to construct basic hedging strategies. The topics covered in this course include hedging with forwards, futures and options, pricing of financial forwards and futures and the pricing of commodity forwards and futures, binomial model of option pricing and Black-Scholes model of option pricing. This course should be of interest to students considering careers in the areas of derivatives analysis and trading, portfolio management, bond and options trading and sales, and risk management for corporations and banks.