Fundamentals of Futures and Options Markets, 9th edition
- John C. Hull
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For courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.
An Easily Understandable Introduction to Futures and Options Markets
Fundamentals of Futures and Options Markets covers much of the same material as Hull’s acclaimed title, Options, Futures, and Other Derivatives. However, this text simplifies the language for a less mathematically sophisticated audience. Omitting calculus completely, the book is suitable for any graduate or undergraduate course in business, economics, and other faculties.
The Ninth Edition has a flexible structure that can be used for any course length. Instructors can choose to cover only the first 12 chapters, finishing with binomial trees, or to cover chapters 13-25 in a variety of different sequences. Each chapter from 18 onwards can be taught independently as its own unit. No matter how you elect to divide the material, Fundamentals of Futures and Options Markets offers a wide audience a sound and easy-to-grasp introduction into financial mathematics.
Published by Pearson (August 1st 2021) - Copyright © 2017
ISBN-13: 9780137504763
Subject: Finance
Category: Investments
Brief Contents
- Introduction
- Futures markets and central counterparties
- Hedging strategies using futures
- Interest rates
- Determination of forward and futures prices
- Interest rate futures
- Swaps
- Securitization and the credit crisis of 2007
- Mechanics of options markets
- Properties of stock options
- Trading strategies involving options
- Introduction to binomial trees
- Valuing stock options: the Black–Scholes–Merton model
- Employee stock options
- Options on stock indices and currencies
- Futures options and Black’s model
- The Greek letters
- Binomial trees in practice
- Volatility smiles
- Value at risk and expected shortfall
- Interest rate options
- Exotic options and other nonstandard products
- Credit derivatives
- Weather, energy, and insurance derivatives
- Derivatives mishaps and what we can learn from them
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