Module code: ECN358
Credits: 15.0
Semester: SEM1
Contact: Dr Sarah Mouabbi
Prerequisite: Before taking this module you must take ECN226 or take ECN241
Topics include operation of forward and futures markets; arbitrage and its application to forward and futures prices; hedging. Options - use of options in hedging and speculation; price bounds and putcall parity; elements of stochastic calculus and its application to the Black-Scholes model; delta hedging; binomial pricing models, early exercise and exotic options. Regulatory issues.
Connected course(s): UDF DATA
Assessment: 80.0% Examination, 20.0% Coursework
Level: 6
