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Undergraduate CUR-BAN35-2021

Introduction to Derivative Securities

Take your first foray into derivative securities. These are usually a form of agreement to buy or sell an asset at a fixed price on or before a certain date. You’ll cover areas such as financial forwards and futures, swaps and model risk.

From

$1,812 $2,062

Your upfront cost: $0

International student?

Study method

100% online

Available loans

  • HECS-HELP
  • FEE-HELP

Assessments

100% online

Prior study

Required

Study terms

  • 01 Mar 2021
Curtin University - Logo

Start your career with Curtin’s globally recognised courses and extensive industry connections. Through OUA, our online courses offer an interactive and collaborative learning experience that gets you the same degree as if you studied on campus. Curtin is a global university with a vibrant culture of innovation and collaboration and is ranked in the top one per cent of universities worldwide.

QS RANKING 2021

13

Times Higher Education Ranking 2021

13

  • 2021

Subject details

What you'll learn

At the completion of this subject students will be able to:

  1. construct derivatives theory from abstract theoretical concepts
  2. adapt derivatives theory to market practice
  3. evaluate the financial economic implications of financial engineering methods
  4. analyse and communicate financial derivatives pricing and risk management ideas in a clear and succinct manner.
Topics covered
    • Derivatives Market Overview
    • Interest Rates
    • Pricing of Forward and Futures Contracts
    • Hedging Strategies using Futures and Interest Rate Futures
    • Swaps
    • Portfolio of Stock Options and Option trading Strategies
    • Binomial
    • Black-Scholes Model
    • Options on Stock Indices
    • Currencies and Futures
Entry requirements

You must have successfully completed the following subject(s) before starting this subject:

CUR-BAN23-Introduction to Finance Principles, or CUR-BAN25-Business Analysis for Investment and CUR-BAN24-Introduction to Financial Instruments and Markets ;

Special requirements

No special requirements

Description

This unit covers the theoretical foundations of derivative securities, financial forwards and futures, forward rate agreements (FRAs) and swaps, model-independent option valuation, geometric Brownian motion, Black-Scholes- Merton model, binomial model, option Greeks, and model risk. This unit also discusses the impact of quantum Fintech on the derivatives market. This unit includes analyzing a business case study and use Eikon real derivatives market data to solve work integrated problems.

Please Note: If it’s your first time studying a Curtin University subject you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online, and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your subject grades will be withheld.

Find out more about the Academic Integrity module.

Assessments

  • Case Study (35%)
  • Assignment (40%)
  • Semester Test (25%)
Textbooks

Check the learning management system (LMS) of your university for textbook details.

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