#1 The World of Financial Engineering
An introduction to the history, core concepts, and the role of 'quants' in modern finance.
Comprehensive study guide and lecture series on Financial Engineering.
An introduction to the history, core concepts, and the role of 'quants' in modern finance.
Understand the fundamental concept of compounding and discounting, and how the value of money changes across time.
Learn the core concepts of derivatives and how forward contracts are used to manage price risk in an uncertain future.
Understand the fundamental concepts of Call and Put options, and visualize the asymmetric profit/loss structures for buyers and sellers based on price movements.
Understand the fundamental assumptions of the Nobel Prize-winning Black-Scholes model and mathematically analyze how stock prices, time, and volatility affect option prices.
Learn about the Greek letters that quantify the impact of changes in underlying asset price, time, and volatility on option prices, and understand risk hedging techniques using them.