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