MFG 456 - Derivative Instruments
Section: 001
Term: WN 2008
Subject: Manufacturing Engineering (MFG)
Department: CoE Program in Manufacturing
Credits:
3 (Non-LSA credit).
Requirements & Distribution:
BS
Enforced Prerequisites:
[IOE 201&316&366;(C->)] or Gr
Advisory Prerequisites:
(Enforced)= IOE 201, IOE 310 and IOE 366; C- or better or graduate standing.
BS:
This course counts toward the 60 credits of math/science required for a Bachelor of Science degree.
Repeatability:
May not be repeated for credit.
Primary Instructor:

The main objectives of the course are first, to provide the students with a thorough understanding of the theory of pricing derivatives in the absence of arbitrage, and second, to develop the mathematical and numerical tools necessary to calculate derivative security prices. We begin by exploring the implications of the absence of static arbitrage. We study, for instance, forward and futures contracts. We proceed to develop the implications of no arbitrage in dynamic trading models: the binomial and Black-Scholes models. The theory is applied to hedging and risk management.

MFG 456 - Derivative Instruments
Schedule Listing
001 (LEC)
P
16783
Open
42
 
-
MW 10:30AM - 12:00PM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.
Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.

No Syllabi are on file for MFG 456. Click the button below to search for a different syllabus (UM login required)

Search for Syllabus
The CourseProfile (ART) system, supported by the U-M Provost’s 3rd Century Initiative through a grant to the Digital Innovation Greenhouse, provides additional information about: course enrollments; academic terms and instructors; student academic profiles (school/college, majors), and previous, concurrent, and subsequent course enrollments.

CourseProfile (ART)