On successful completion of the course unit students will be familiar with different ranges of financial derivatives and their markets, understand how the financial derivatives are priced and hedged, and demonstrate how they can be used as a investment vehicle. The course of futures and options covers mechanics, functions, pricing, and hedging of these products. Students are required to make presentation and write assignment and take two exams for this course.

On successful completion of the course unit students will be familiar with different ranges of financial derivatives and their markets, understand how the financial derivatives are priced and hedged, and demonstrate how they can be used as a investment vehicle. The course of futures and options covers mechanics, functions, pricing, and hedging of these products. Students are required to make presentation and write assignment and take two exams for this course.

本課程旨在介紹期貨(Futures)和選擇權(Options)等衍生性證券(Derivative Security), 瞭解市場結構,評價模式與交易策略 ,學習避險, 投機, 套利, 和合成等重要觀念, 並介紹其在真實世界裡的應用。

This course aims to introduce derivative securities such as futures and options, understand market structure, evaluation patterns and trading strategies, learn important concepts such as avoidance, investment, arbitrage, and synthesis, and introduce their application in the real world.

Hull J. C., 2012, “Options, Futures, and Other Derivatives”, Eighth Edition, Prentice-Hall, ISBN-10:0-273-75907-8

Hull J. C., 2012, “Options, Futures, and Other Derivatives”, Eighth Edition, Prentice-Hall, ISBN-10:0-273-75907-8