| Description
| The goal of this course is to provide a basic understanding of futures, which is one of the most popular derivatives in financial markets. Futures can provide three functions for financial markets, including hedge, arbitrage and price discovery. These functions can provide investors a flexible way in portfolio management. So futures are important tools in modern investment. The former part of this course is to introduce the theory development and applications of futures and swaps, including futures pricing, arbitrage, hedging strategies and the other applications. The latter part will focus on reading and discussing the academic papers about futures markets. In summary, the topics of this course includes: 1) Introduction 2) Futures Markets 3) Use of Futures for Hedging 4) Forward and Futures Prices 5) Stock Index Futures Contracts 6) Foreign Currency Futures Contracts 7) Futures Contracts on Physical Commodities 8) Interest Rates and Duration 9) Interest Rate Futures Contracts 10) Swap
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