This is a first-year compulsory course for the PGP (MBA) program and is the first of the two corporate finance courses in the first year.
This intermediate-level course aims to impart to the learner the features and characteristics of basic financial derivatives such as futures, swaps, and options. The course focuses on three dimensions: valuation, trading, and risk management of financial derivatives. It emphasizes general valuation principles of derivatives, such as no-arbitrage arguments and risk-neutral valuation.
This is an intermediate-level course aiming to impart on the learner the features and characteristics of basic financial derivatives such as futures, swaps, and options. The course focuses on three dimensions: valuation, trading, and risk management of financial derivatives. It emphasizes general valuation principles of derivatives, such as no-arbitrage arguments and risk-neutral valuation.
The objective of this course is to introduce essentials of utility theory, financial economics and mathematical preliminaries for asset pricing and corporate finance.
This course provides an overview of the topics related to market microstructure, which is considered to be a relatively young sub-field of finance that is the study of trading mechanisms. This course is about how securities are traded: the design, operation, and regulation of trading processes, mechanisms, and protocols. The course covers microstructure theory, the current state of practice in market design/regulation, and empirical models/methods used in microstructure research. The course also discusses the current issues in this domain involving algorithmic and high-frequency trading.