Course Schedule and Catalog

Long Title: BASICS OF FINANCIAL ENGINEERING

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): MATH 221 AND MATH 222 AND (ECON 382 OR STAT 310) OR ECON 400 or permission of instructor

Description: This course covers the use of financial securities and derivatives to take or hedge financial risk positions. Most commonly used instruments, from simple forwards and futures to exotic options and swaptions are covered. The pricing of derivative securities will also be studied, but the emphasis will be on the mechanics and uses of financial engineering methods. Graduate/Undergraduate Equivalency: ECON 524.