2013 Unit of Study
The session(s) below are for 2013. For Summer School 2013 unit of study availability please visit the Summer School website (main Summer session January/February 2013).
The University of Sydney session calendar shows exact dates for sessions.
|Prerequisites||(FINC2012 or FINC2002) or (FINC2013 or FINC2003) or (FINC2014 or FINC2004)|
|Assumed Knowledge||Calculus, regression, probability theory, random distributions|
|Lectures||1x 2hr lecture and 1x 1hr tutorial per week|
|Assessment||1x 1.5hr mid-semester exam (20%), 1x group assignment (20%), 1x final 3hr exam (60%)|
|Description||Options, futures and swaps are derivatives of underlying securities such as commodities, equities and bonds. These types of securities are increasingly used to manage risk exposure and as a relatively low-cost-way of taking a position in a security or portfolio. They are also being used as part of senior management compensation as a way of attempting to align the interests of shareholders with that of management. This unit is designed to provide an introduction to this important area of finance without requiring a high level of mathematical sophistication. However, a strong quantitative base is an advantage.|