Lecture 1

Lecture 1 - IMSE3010 Financial Engineering Venue/Day/Time...

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IMSE3010 Financial Engineering enue/Day/Time BB / Tuesday / 10:30AM~1:55PM Venue/Day/Time CBB / Tuesday / 10:30AM 1:55PM Instructors Dr. Miao Song Office: HW8-6 Tel: 28597966 mail: song@hku hk Email: msong@hku.hk Mr. Kelvin Law mail: elvinlaw@kelvinlaw com Email: kelvinlaw@kelvinlaw.com Course Website HKU Portal/MyWebCT y
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onsultation Consultation Please seek consultation from the respective instructors based on the specific taught topics lease e ail me song@hku hk make Please e-mail me msong@hku.hk to make an appointment for consultation 1/11/2011 2
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lassroom Ethics Classroom Ethics Be punctual Set mobile phone to silence mode Please talk outside the classroom if necessary e pro- ctive and participate in the subject Be pro active and participate in the subject learning sk immediately if you do not understand Ask immediately if you do not understand Tell me if you have any problem regarding the coursework You comments and feedback are deeply appreciated 1/11/2011 3
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IMSE3010 Financial Engineering Lecture 1 Intro to Financial Engineering resent Value Present Value Miao Song Dept of Industrial & Manufacturing Systems Engineering
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genda Agenda Introduction to Financial Engineering Finance and Financial Engineering gg Motivation Present Value Valuing Cash Flows Compound Interest Rates hortcuts to Special Cash Flows Shortcuts to Special Cash Flows 1/11/2011 5
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hat is Finance What is Finance Raise money vest Invest Money ime Time Risk 1/11/2011 6
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inancial Engineering on Wikipedia Financial Engineering on Wikipedia Financial engineering is a multidisciplinary field relating to the creation of new financial instruments and strategies , typically exotic options and specialized interest rate derivatives. The field applies engineering methodologies to problems in finance, and employs financial theory and applied mathematics , as well as computation and the practice of programming 1/11/2011 7
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inancial Engineering in Bestseller Financial Engineering in Bestseller E. Derman, My Life as a Quant “an awkward neologism coined to describe the jumble of gj activities that would better be termed quantitative finance . The subject is an interdisciplinary mix of hysics spired models mathematical techniques and physics-inspired models, mathematical techniques, and computer science, all aimed at the valuation of financial securities. The best quantitative finance brings real insight into the relation between value and uncertainty, and it approaches the quality of real science; the worst is pseudoscientific hodgepodge of complex mathematics a pseudoscientific hodgepodge of complex mathematics used with obscure justification.” 1/11/2011 8
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inancial Eng Vs Financial Econ Financial Eng. Vs. Financial Econ.
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Lecture 1 - IMSE3010 Financial Engineering Venue/Day/Time...

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