Fixed Income, Options and Derivatives: Models and Applications

A derivative is a financial instrument whose value depends on the value of other financial assets. Derivatives are actively traded on financial markets and are used by many firms to hedge financial and non-financial risks. Examples of derivatives include options, futures, interest rate and commodity derivatives. The course combines mathematical models for pricing and hedging derivatives with practical applications. This course is technical by nature, and makes extensive use of calculus, statistics, and spreadsheets.