IND 833 Financial Engineering

This course explores concepts and methods of financial engineering and its applications with special emphasis on fixed income mathematics, introduction to derivatives, valuation of forward contracts and future contracts, hedging strategies using futures, properties of stock options, no-arbitrage pricing, continuous models (the Black-Scholes theory), and discrete models (lattice approach, Monte Carlo simulation, and finite difference method). Lect: 3 hrs./Lab: 1 hr. Prerequisites: ECN 801, IND 300, IND 400, IND 604, MTH 309, MTH 410 and PSY 209 Course Weight: 1.00 Billing Units: 1





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