Current Courses
- FIN 6930:
Investments (PMBA Week-end Program)
- Meets August 6 – December 9
- The course introduces the concept of investing,
which is to forgo consuming current wealth today and instead investing it
in a variety of financial instruments in anticipation of increased wealth
in the future. Key notions that will be covered include: a description of
the variety of investment opportunities, such as stocks, bonds and
derivatives, as well as mutual and hedge funds; the trading process and
margin requirements for short sales; the variety of risk measures; the
concept of trade-off between risk and expected return; portfolio
selection strategies; and the multitude of ways one can conduct
investment performance evaluation.
- FIN 6930:
Investments (Online MBA program)
- Meets August 27 – December 9
- The course introduces the concept of investing,
which is to forgo consuming current wealth today and instead investing it
in a variety of financial instruments in anticipation of increased wealth
in the future. Key notions that will be covered include: a description of
the variety of investment opportunities, such as stocks, bonds and
derivatives, as well as mutual and hedge funds; the trading process and
margin requirements for short sales; the variety of risk measures; the
concept of trade-off between risk and expected return; portfolio
selection strategies; and the multitude of ways one can conduct
investment performance evaluation.
- FIN 6537: Derivative
Securities
- Meets August 21 - October 6 (MOD 1)
o
The
course deals with (a) the structure and operation of derivative markets
(options, forward contracts, futures, swaps and other derivatives), (b) the
valuation of derivatives, (c) the hedging of derivatives, and (d) applications
of derivatives in the areas of risk management, portfolio insurance, and
financial engineering. The models that will be studied include the
Black-Scholes model, binomial trees, and Monte-Carlo simulation. Specific
topics include simple no-arbitrage pricing relations for futures/forward
contracts and the put-call parity relationship; delta, gamma, and vega hedging; implied standard
deviation and its statistical properties; portfolio insurance and dynamic
replication strategies.
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