The modeling of the evolution of prices in (near) efficient markets and the evaluation of functions of these prices such as guarantees, options, warrants, futures, and other types of derivatives. Arrow-Debreu state-contingent claims. Notions of complete and incomplete markets. Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher and ECON 3001 with a grade of C- or higher. Lectures three hours a week. [0.5 credits]
The modeling of the evolution of prices in (near) efficient markets and the evaluation of functions of these prices such as guarantees, options, warrants, futures, and other types of derivatives. Arrow-Debreu state-contingent claims. Notions of complete and incomplete markets. Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher and ECON 3001 with a grade of C- or higher. Lectures three hours a week. [0.5 credits]
