Apr 16, 2024  
2019-2020 Undergraduate Catalog 
    
Catalog Navigation
  Catalog Home
  Undergraduate Programs
  Undergraduate Courses
  Academic Calendar
  Catalog Guide
  Introduction to NIU
  Undergraduate Academic Programs
  Admission
  Limited Admissions and Limited Retention
  University Graduation Requirements
  Writing Infused Courses
  Human Diversity Requirement List of Courses
  General Education Requirements
  Other Graduation Requirements
  Educator Licensure Requirements
  Academic Regulations
  Expenses
  Financial Aid and Scholarships
  University Services
  Academic Information
  College of Business
  College of Education
  College of Engineering and Engineering Technology
  College of Health and Human Sciences
  College of Liberal Arts and Sciences
  College of Visual and Performing Arts
  Inter-College Interdisciplinary Programs
  Interdisciplinary Courses
  Other Academic Units
  Course Descriptions
  Articulation Curriculum
  University Administration
  Legal Notices
  Campus Maps
  2019-20 Undergraduate Catalog pdf
HELP
2019-2020 Undergraduate Catalog [NOTE!!!! THIS IS AN ARCHIVED CATALOG. FOR THE CURRENT CATALOG, GO TO CATALOG.NIU.EDU]

ACSC 460 - Financial Derivatives

Crosslisted as ECON 484X. Review of financial derivatives including futures, European and American options and exotic options. Greeks, trading and hedging strategies. Pricing derivative securities with appropriate boundary conditions, including the Black-Scholes formula, binomial trees, lattice models and finite difference methods. Simulation and variance reduction techniques. Interest rate models. Covers the learning outcomes regarding financial models in the exam MFE of the Society of Actuaries (SOA), which is also the Exam 3F of the Casualty Actuarial Society (CAS).

Prerequisites & Notes
PRQ: ACSC 405.

Credits: 3