Caltech Free Online Course on Pricing Options with Mathematical Models

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Caltech is offering free online course on Pricing Options with Mathematical Models. This is an introductory course on options and other financial derivatives, and their applications to risk management.

In this ten week course, applicants will Introduction to the Black-Scholes-Merton model and other mathematical models for pricing financial derivatives and hedging risk in financial markets. This course will start on September 28, 2017.

Course At A Glance 

Length: 10 weeks
Effort: 8-10 hours pw
Subject: Economics & Finance
Institution: Caltech and edx
Languages: English
Price: Free
Certificate Available: Yes, Add a Verified Certificate for $49
Session: Course Starts on September 28, 2017

Providers’ Details

Caltech is a world-renowned science and engineering research and education institution, where extraordinary people seek answers to complex questions, discover new knowledge, lead innovation, and transform our future. Caltech’s mission is to expand human knowledge and benefit society through research integrated with education.

About This Course

University will start with discrete-time, binomial trees models, but most of the course will be in the framework of continuous-time, Brownian motion driven models. A basic introduction to Stochastic, Ito Calculus will be given.

Why Take This Course?

This means that the class may be challenging, and demand serious effort. On the other hand, successful completion of the class will provide you with a full understanding of the standard option pricing models, and will enable you to study the subject further on your own, or otherwise.

Learning Outcomes

  • Option pricing and risk-hedging methods in the binomial tree and Black-Scholes-Merton models
  • Ability to price options and other financial derivatives in models beyond Black-Scholes-Merton
  • Interest rate models and the pricing of interest rate derivatives
  • Evaluate the economics and mathematics behind the financial models presented

Instructors

Jaksa Cvitanic

Jaksa Cvitanic works in the fields of mathematical finance, financial engineering, and financial economics. He has taught related courses at Columbia University, University of Southern California, EDHEC Business School, and Caltech, for over two decades.

Requirements

Working knowledge of calculus, statistics and probability, and interest in the use of mathematical modeling. Please go to Unit 0 in the Course Outline to take the prerequisites assessment.

How To Join This Course

  • Go to the course website link
  • Create an edX account to SignUp
  • Choose “Register Now” to get started.
  • EdX offers honor code certificates of achievement, verified certificates of achievement, and XSeries certificates of achievement. Currently, verified certificates are only available in some courses.
  • Once applicant sign up for a course and activate their account, click on the Log In button on the orghomepage and type in their email address and edX password. This will take them to the dashboard, with access to each of their active courses. (Before a course begins, it will be listed on their dashboard but will not yet have a “view course” option.)

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