Course Schedule and Catalog

Long Title: QUANTITATIVE FINANCIAL RISK MANAGEMENT

Department: Statistics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): MATH 221 AND MATH 222 AND (ECON 400 OR STAT 410) AND STAT 310 OR (STAT 312 AND STAT 340) OR (STAT 331 AND STAT 340)

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 derivatives securities will also be studied, but the emphasis will be on the mechanics and uses of financial engineering methods. Graduate/Undergraduate Equivalency: STAT 649. Mutually Exclusive: Cannot register for STAT 449 if student has credit for STAT 649.