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Type: |
OP | Curs: |
5 | Period: |
S semester |
ECTS Credits: |
4 ECTS |
Group | Teacher | Department | Language |
---|---|---|---|
Eero Kasanen | Economía, Finanzas y Contabilidad | ENG |
1. Introduction to derivatives, their opportunities and challengesWhat are derivatives? Examples of various derivatives.Global derivatives market. Exchanges and OTC. How to tailor risk with derivatives? Typical uses of derivatives. Risks and challenges of derivatives. |
2. No-arbitrage theory and its use in pricingFundamental principle of efficient markets, no-arbitrage.Law of one price and Time value of money. Using no-arbitrage theory to price financial assets, especially derivatives. Theoretical foundations of the course. |
3. Forwards and FuturesForwards and futures marketsMargin requirements and fees Uses of forwards and futures in hedging, arbitrage, and investment. Pricing of futures |
4. SwapsSwap marketsCurrency and interest rate swaps Uses of swaps Pricing of swaps |
5. OptionsOptions marketsIntroduction to various options Option trading strategies Uses of options in hedging and investments Principles of option pricing, binomial trees and Black&Scholes formula |
6. Derivatives in financial managementTypical examples of popular uses:currency hedging and investing interest rate hedging and investing convertible debt executive incentive schemes credit default swaps |
7. Trading gamegroup game using a professional platform and real market data |
1 | 2 | 3 | 4 | 5 | 6 | 7 | |
Individual final exam | |||||||
Group trading game | |||||||
Group exercises | |||||||
Peer review |
Description | % |
---|---|
Individual final exam | 40 |
Group trading game | 20 |
Group exercises | 30 |
Peer review | 10 |
Group | Teacher | Department |
---|---|---|
Eero Kasanen | Economía, Finanzas y Contabilidad |