On successful completion of the course, students will be able to explain the major types of financial derivatives and the mechanisms of derivative markets. Students will be able to price derivatives and evaluate how derivatives can be used for speculation and hedging, with applications in portfolio risk management, asset allocation, and arbitrage.

On successful completion of the course, students will be able to explain the major types of financial derivatives and the mechanisms of derivative markets. Students will be able to price derivatives and evaluate how derivatives can be used for speculation and hedging, with applications in portfolio risk management, asset allocation, and arbitrage.

諾貝爾經濟學獎得主米勒（Merton M. Miller）曾盛讚「期貨選擇權是二十世紀最偉大的金融創舉！」。相關衍生性金融商品研究蔚為風潮，金融創新與運用亦蓬勃發展，不僅是財金學子之必修，亦倍受企業人士爭相研習。希望透過本門課程認識衍生性金融商品市場的婆娑世界。主要探討的課題有四大類：期貨、選擇權、遠期契約及交換，並針對各類金融商品之規格、評價、案例、操作策略、交易流程與實務運用予以介紹與說明。

Nobel Prize winner in economics Merton M. Miller once praised "futures options as the greatest financial innovation of the twentieth century!". Research on related derivative financial products has become a trend, and financial innovation and application are also booming. It is not only a required course for finance students, but also highly sought after by business people. I hope to understand the turbulent world of derivative financial products market through this course. The main topics discussed are four major categories: futures, options, forward contracts and exchanges, and the specifications, evaluations, cases, operating strategies, transaction processes and practical applications of various financial products are introduced and explained.

Hull, J.C., 2022. Fundamentals of Futures and Options Markets, 9th Edition (Global Edition), Pearson.

Hull, J.C., 2022. Fundamentals of Futures and Options Markets, 9th Edition (Global Edition), Pearson.