Financial Markets And Asset Pricing

University of Glasgow

Course Description

  • Course Name

    Financial Markets And Asset Pricing

  • Host University

    University of Glasgow

  • Location

    Glasgow, Scotland

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • SCQF Credits

    15
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    1
  • Overview

    This course covers options, forward contracts, futures contracts, and swaps; The concept of arbitrage; Fundamental option price theorems, put-call parity; Derivation of the Binomial and Black-Scholes option pricing models; Valuation of futures contracts; Stock index, interest rate and currency futures; Examples of hedging and speculation using options, futures and swaps; Portfolio insurance; Credit risk and interest-rate swaps; The swap spread versus the corporate-bond spread.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.

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