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School of Economics and Finance

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ECN358 - Futures and Options

Credits: 15
Semester: B

Prerequisite: ECN226

The module starts with the operation of forward and futures markets, paying a particular attention to arbitrage considerations. It then discusses the use of options in hedging and speculation and how to derive price bounds and the put-call parity for options. The last topic concerns elements of stochastic calculus and its application to the Black-Scholes model for option pricing

Level: 6

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