This course presents and analyzes derivatives, such as forwards, futures, swaps, and options. It defines the main kind of derivatives, shows how they are used to achieve various hedging and speculating objectives, introduces a framework for pricing derivatives, and studies several applications of derivative-pricing techniques outside of the derivative markets.

Learning Outcomes

• Gain a firm foundation of the underlying concepts behind derivatives
• Gain a detailed understanding of the main characteristics of financial derivatives and their relationships with the underlying assets
• Gain a detailed understanding of the valuation principles and models for derivatives
• Be able to use derivatives for a wide range of hedging, trading and
  arbitrage purposes