syllabus823win10

syllabus823win10 - Professor Kewei Hou Business Finance 823...

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Professor Kewei Hou Business Finance 823 - 1 - BUSINESS FINANCE 823 Winter Quarter 2010 ___________________________________________________________________________________ Instructor : Professor Kewei Hou Office : 820 Fisher Hall Phone : 292-0552 Fax: 292-2418 E-mail : [email protected] Course Web Page : http://fisher.osu.edu/fin/faculty/hou/ Class Times and Rooms : Mon/Wed 3:30pm-5:18pm, Gerlach 275 Office Hours : By appointment only ____________________________________________________________________________ A. Course Description This course explores the valuation of forwards, options, forward-based, and option-based financial instruments. While a student may have studied options and/or forwards in other courses, this course examines in detail the analytical methods used to price these securities, and the analytical analysis of arbitrage, hedging, and speculation using these securities. Course objectives are: (1) to provide an understanding of the basic concepts and principles of derivatives, (2) to provide opportunities to learn skills used in derivative analysis and valuation, (3) to evaluate trading and speculation opportunities available in the current financial markets, and (4) assess the influence of economic events upon pricing. The course is divided into four parts, covering separately (1) Derivative basics, strategies and payoffs; (2) Valuation of forward and forward-based derivatives; (3) Valuation of option and option-based derivatives; and (4) Financial engineering and applications. B. Prerequisite Derivatives valuation is a technically demanding area, and although no math other than algebra is required, students should be comfortable with basic statistics (such as variance, correlation, linear regression and distributions) and fundamental finance topics (principally time value of money and compounding). Occasionally concepts will be explained using some calculus, but this should only require a basic conceptual understanding. C. Course Materials Required Textbook McDonald, Robert L., Derivatives Markets , Second Edition, 2006 (Addison-Wesley, ISBN: 978- 0-321-28030-5). This book comes with software that allows students to price a wide arrange of derivative securities. The book is available at the bookstore and at www.amazon.com .
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syllabus823win10 - Professor Kewei Hou Business Finance 823...

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