Course Overview-Derivatives: Futures, Options and Dynamic Strategies
2 Pages Posted: 4 May 1999
Instructor: Professor Mark Rubinstein Paul Stephens Professor of Applied Investment Analysis University of California at Berkeley
This course provides a full introduction to modern derivatives pricing and hedging theory and practice ? from the basic features of futures and options, to the binomial option pricing model and the Black-Scholes formula, and to aspects of measuring volatility and coping with trading costs that which are necessary to put the theory into practice. It emphasizes economic intuition and understanding over detailed quantitative analysis. Important quantitative techniques and arguments are completely developed but with the simplest possible use of mathematics.
Textbook and Software
The course uses Rubinstein's new book Derivatives: A PowerPlus Picture Book. In place of the usual format of an assigned text with separate teaching notes, his book blends 382 pages of text with 342 professionally designed PowerPoint slides, and problems and quizzes, extended worked numerical examples, specialized bibliographies, computer applications (including MATLAB for Derivatives and Rubinstein's Option Calculator), a computerized glossary and Internet access into an integrated educational experience. Students not only receive a copy of the book but also its accompanying CD-ROM, as well as free downloadable updates from the Internet. The course is taught from a computer hooked up to a projector and, optionally, the Internet.
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