新興金融商品之創新與運用
Innovation and Application of Emerging Financial Instrument
國際財務金融管理碩士學位學程    林岳喬
學分:3

課程簡介

This course is designed to introduce Finance students to the theoretical and practical aspects of financial futures, options, and other derivatives. This course will introduce students to derivative security markets, including call and put options, futures and forward contracts, and swaps. Topics include the economic role of derivatives, valuation of derivatives, derivative trading strategies, and the management of corporate risk with derivatives. Derivative security markets are an exciting, innovative, and growing segment of financial markets. This course will revisit and expand on material from previous courses. There are some major areas which we will focus on:

 Understanding the derivative instrument and various related market structures & trading mechanisms
 Arbitrage and Law of One Price
 Market Trading Mechanism for Options, Forwards, & Futures
 Forwards and Futures Pricing
 Hedging with Futures/Options
 Principles of Option Prices
 Binomial Option Pricing Model
 Black-Scholes-Merton OPM
 Basic Option Strategies & Applications
 Advanced Option Strategies
 Arbitraging with Futures/Options
 Option Greeks and Dynamic Hedging
 Swaps
 Value at Risk (VaR)

課程目標

課程要求

You should come to class on time prepared to discuss the assigned reading and current events/news with financial market implication. This means reading the assigned material (textbook, lecture notes, and other assigned reading) ahead of time, working any assigned problems, and accessing economic/financial information from various sources. We will usually begin most class lecture with a 5-minute discussion of current economic and financial events/news.

評分方式

Midterm (In-class) 32%
Final Exam (Take-home) 32%
2 Minitests 20%
Homework 16%
Total 100%

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