UMD BUFN 761 Entire Course

University of Maryland BUFN 761 Derivative Securities Entire Course

Standard types of derivatives contracts are presented and illustrated as to how they are used in practice. The theory of pricing these contracts is then presented in detail. The use of static and dynamic replication strategies and the concept of no-arbitrage strategies are illustrated in numerous ways. Standard valuation techniques are covered, and standard formulas are presented. The theory is then applied to develop specific pricing and hedging strategies for various types of derivatives on different underlying assets. The management of the exposure to various risks is covered in detail as well.

Note: This entire course includes discussions, assignments, course projects, and exams.