MTU Library Catalogue

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Derivatives markets / Robert L. McDonald.

By: McDonald, Robert L. (Robert Lynch), 1954-.
Material type: materialTypeLabelBookSeries: Addison-Wesley series in finance: Publisher: Boston : Addison-Wesley, c2006Edition: 2nd ed.Description: xxix, 964 p. : ill. ; 24 cm.ISBN: 0321311493; 9780321311498.Subject(s): Derivative securities -- Marketing | Derivative securities -- Mathematical modelsDDC classification: 332.6457
Contents:
Introduction to derivatives -- Part one: Insurance, hedging and simple strategies -- An introduction to forwards and options -- Insurance, collars, and other strategies -- Introduction to risk management -- Part two: Forwards, futures and swaps -- Financial forwards and futures -- Commodity forwards and futures -- Interest rate forwards and futures -- Swaps -- Part three: Options -- Parity and other option relationships -- Binomial option pricing: I -- Binomial option pricing: II -- The black-scholes formula -- Market-making and delta-hedging -- Exotic options: I -- Part four: Financial engineering and applications -- Financial engineering and security design -- Corporate applications -- Real options -- Part five: Advanced pricing theory -- The lognormal distribution -- Monte Carlo valuation -- Brownian motion and Ito's Lemma -- The black-scholes equation -- Exotic options: II -- Volatility -- Interest rate models -- Value at risk -- Credit risk.
Summary: To be financially literate in today's market, business students must have a solid understanding of derivatives concepts and instruments and the uses of those instruments in corporations. The Second Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasizes the core economic principles underlying the pricing and uses of derivatives.

Enhanced descriptions from Syndetics:

To be financially literate in today's market, business students must have a solid understanding of derivatives concepts and instruments and the uses of those instruments in corporations. The Second Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasizes the core economic principles underlying the pricing and uses of derivatives.

Pearson International edition.

Bibliography: (pages 921-934) and index.

Introduction to derivatives -- Part one: Insurance, hedging and simple strategies -- An introduction to forwards and options -- Insurance, collars, and other strategies -- Introduction to risk management -- Part two: Forwards, futures and swaps -- Financial forwards and futures -- Commodity forwards and futures -- Interest rate forwards and futures -- Swaps -- Part three: Options -- Parity and other option relationships -- Binomial option pricing: I -- Binomial option pricing: II -- The black-scholes formula -- Market-making and delta-hedging -- Exotic options: I -- Part four: Financial engineering and applications -- Financial engineering and security design -- Corporate applications -- Real options -- Part five: Advanced pricing theory -- The lognormal distribution -- Monte Carlo valuation -- Brownian motion and Ito's Lemma -- The black-scholes equation -- Exotic options: II -- Volatility -- Interest rate models -- Value at risk -- Credit risk.

To be financially literate in today's market, business students must have a solid understanding of derivatives concepts and instruments and the uses of those instruments in corporations. The Second Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasizes the core economic principles underlying the pricing and uses of derivatives.