FIN 5997.1 Speculative Markets (3)
An introductory course in understanding derivatives and various
strategies utilized by investors in speculative markets. The course is primarily conceptual,
with the goal of developing a command over the theories and applications of options,
forwards, futures, and swaps. Derivatives can be used for both hedging and speculative
purposes, and the course will explore relevant strategies under both applications. For each
section of the course, the use of derivatives will be explored in the context of portfolio
management. Students should have a good foundation in finance, particularly the Capital
Asset Pricing Model (CAPM). The course is designed to help prepare students for the Level I
examination of the CFA® Program. (Though this class is listed as an individual studies, it is a traditional class with up to 25 students in it.)
Prerequisite: Investments class (undergraduate or FIN 5460)
