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Date Submitted: 04/04/2016 04:01 AM
Module title
Financial Derivatives 932N1
Credits
15
Term
Spring Term 2015/16, Teaching Block 2 (TB2)
Lectures
Wednesday 14.00-16.00, ARTS-A02
Workshops
Friday 10:00-11:00, JUB-116 (Group 1)
Thursday 11:00-12:00, FUL-202 (Group 2)
Thursday 12:00-13:00, FUL-202 (Group 3)
Tuesday 13:00-14:00, PEV1-1B3 (Group 4)
Module convenor
Dr Nikolaos Papanikolaou, n.papanikolaou@sussex.ac.uk
& Lecturer
Office hours: Wednesday 16:00-18:00, Jubilee Building, Room 113
Workshop tutor
Dr Ding Chen, ding.chen@sussex.ac.uk
Office hours: Tuesday 14:00-16:00, Jubilee Building, Room 308
Assessment:
Coursework (20%): Group Project
Unseen Examination (80%): End-of-year assessment
Introduction
Financial derivatives have become very popular over the past decades, as they allow firms
as well as individual investors either to reduce unwanted risks, or to take on additional risk
motivated by views regarding future market movements and future economic conditions.
Indeed, market participants can resort to derivative products to tailor the amount and the
kind of risk they take, be it risk associated with changes in stock prices, interest rates,
exchange rates, commodity prices, and others.
This module provides an up-to-date coverage of the main aspects of the financial derivatives
markets. It analytically presents and discusses the key types of derivative instruments, such
as forwards, futures, options, and swaps and examines how these instruments can be used
1
to manage the various risks which arise as a consequence of a firm’s pricing, sourcing,
financing, and operational decisions. Furthermore, it introduces a framework for pricing
financial derivatives and studies applications of derivative-pricing techniques.
Learning outcomes
1. Critical awareness of insights drawn from the forefront of academic and professional
work in forwards, futures, swaps, and options markets.
2. Systematic understanding of trading...