Derivatives Market

In the last several years an unprecedented development of derivatives market has been observed. Globalization of financial markets facilitated by the processes of deregulation and liberalization of national markets has been an enormous opportunity for the development of traditional and new derivatives. They are used for several purposes, but foremost for speculating and hedging on financial markets...

During the lectures students are going to learn about the most important derivatives, the mechanisms of their functioning on the market as well as the motivation of market participants.

Literatura podstawowa:

D.M. Chance, R. Brooks, An introduction to derivatives and risk management, Australia: South-Western, Cengage

Learning, 2013.

Literatura uzupełniająca:

R.K. Sundaram, S.R. Das, Derivatives: Principles and Practice, McGraw-Hill 2011.

Wiedza:

By the end of the course students should

1. know what derivatives ant their types are and what they serve for,

2. how to price and value derivatives,

3. how to hedge financial exposure using derivatives.

Knowledge od derivative instruments

Umiejętności:

By the end of the course students should be able to:

1. price the derivatives,

2. evaluate the chances and threats resulting from the use of derivatives.

Pricing and valuation of derivatives

Kompetencje społeczne:

1. The student should understand the behavior of derivatives market.

2. The student should understand the need for continuous education in this area.

egzamin testowy: 100.00%