Time value of money. Loans, debts, and mortgages. Basic stock valuation. Bonds. Cash flow analysis. Capital budgeting. CAPM. Options and corporate finance.
Overview of the derivatives markets. Pricing of derivatives, including futures, forwards, swaps, and options. Hedging vs. speculating. Option Greeks. Trading strategies. Case studies.
Analysis of fixed income securities. Duration, convexity. Structured products. Market characteristics. Valuation of bonds with embedded options. Accounting and taxation issues.
Principles of Risk Management. Market, credit, and operational risk management. Risk measures. Hedging strategies and risks in hedging. Credit migration. Global financial market regulation. Case studies.