Description

	Content
Unit 1	We start with simple concepts of finance and options and portfolio insurance.
Unit 2	Financial derivatives, basic option management, risk-neutral density, empirical pricing kernels.
Unit 3	Basics of Option Management, Concepts of Probability Theory, The Black Scholes Option Pricing Model.
Unit 4	Stochastic Processes in Discrete Time, Stochastic Integrals and Differential Equations.
Unit 5	Stochastic Integrals and Differential Equations, Black and Scholes Option Pricing.
Unit 6	The Binomial Model for European Options, American Options, Exotic Options.
Unit 7	Statistics of Financial Time Series, ARIMA Time Series Models.
Unit 8	Long Memory, Neural Networks.
Unit 9	Models for Interest Rates and Interest Rate Derivatives.