This course covers such topics as: financial markets (bonds, stocks, derivative securities, forward and futures contracts, exchanges, market indices, and margins); interest rates, present value, yields, term structure of interest rates, duration and immunization of bonds, risk preferences, asset valuation, Arrow-Debreu securities, complete and incomplete markets, pricing by arbitrage, the first and the second fundamental theorems of Finance, option pricing on event trees, risk and return (Sharpe ratios, risk premia), and the Capital Asset Pricing Model. (Mathematical Finance courses are reserved for students enrolled in the Mathematical Finance program.)

Note that this information may change at any time. Please visit the MyBU Student Portal for the most up-to-date course information.