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ECON 669 The Economics of Financial Markets

ECON 669.  The Economics of Financial Markets.  3 Credits.   S   

This course introduces the fundamentals of derivatives pricing, leading to the celebrated Black-Scholes formula-a discovery that led to the Nobel Prize for Robert Merton and Myron Scholes in 1997. Students will derive explicitly the formula for themselves. To achieve this objective, the course introduces and applies a wide array of important concepts drawn from economics, finance, mathematics, and statistics, including no-arbitrage, stochastic calculus, self-financing portfolios, risk-neutral measures, hedging, and the fundamental equations for pricing. Prerequisite: MATH 126; MATH 526.

Bachelor of Science in Mathematics

...3 ECON 590 Game Theory 3 ECON 620 Elements of Mathematical Economics 3 ECON 669...