Financial Calculus
Financial Calculus: Introduction to derivative pricing and market derivatives. Introduction to Ito-Doeblin calculus and martingales; the martingale properties of Brownian motion; the Black-Scholes-Merton theory as a simple, special case of martingale pricing; market models of modern fixed income pricing. Insurance, hedging, and options. (Proposed Course) Offered in the spring of even numbered years.
