Financial Systems Engineering I: Introduction to Options, Futures, and Derivatives. 3 credits

Catalog description

This course is an introduction to financial engineering. Financial engineering is a cross-disciplinary field which relies on mathematical finance, numerical methods, and computer simulations to make trading, hedging, and investment decisions. This course will introduce basic types of derivatives, such as forward, futures, swaps, and options; as well as financial models such as Brownian motion, Ito's formula, and Black-Scholes valuation model. Numerical methods for option pricing, such as Binomial tree and Monte Carlo simulation will also be covered. Offered by Systems Engr & Operations Rsch . May not be repeated for credit. Equivalent to SYST 588 .