Financial Systems Engineering. 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 . Limited to two attempts.