Units: 4 Terms Offered: SpFinancial market equilibrium and partial equilibrium asset pricing in discrete and continuous time; properties of equilibria with and without complete markets; theory of option prices; Black-Scholes pricing formula; term structure of interest rates; hedging strategies and managing market risk using options, futures and swaps; hedging exchange-rates risks. Prerequisite:ECON 601. Instruction Mode: Lecture Grading Option: Letter
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