Financial Derivatives: This course delves into one of the most fascinating and important aspects of finance. Financial derivatives are used to analyse a wide range of financial issues, including complicated asset portfolios, strategic company choices, and venture capital investment phases. The major goal of this course is to develop intuition and abilities in (1) derivative securities pricing and hedging, and (2) using them for investing and risk management. In terms of methodologies, we use the binomial tree model, the Black-Scholes-Merton option pricing model, and the simulation-based risk neutral pricing approach to apply the non-arbitrage principle and the law of one price to dynamic models using three different approaches: the binomial tree model, the Black-Scholes-Merton option pricing model, and the simulation-based risk neutral pricing approach.
Real State Investment: This course introduces real estate, emphasizing investing and finance difficulties. The following topics are covered: project evaluation, finance strategies, investment decision-making, and capital markets. Although no prior business experience is required, students should expect to get a functional understanding of real estate markets quickly. Classes are taught in a traditional lecture format with time for discussion. The course includes case studies that allow students to assess the impact of more complex real estate financing and capital market techniques.
Fixed Income Securities: This course introduces fixed income securities (including fixed income derivatives) and their markets, as well as the tools used to value them and analyse and manage their risk. In the valuation and risk management of these securities, quantitative models are crucial.
Urban Fiscal Policy: This course will look at how cities provide public services to businesses and individuals. Why cities exist, what happens when fiscal policy fails, infrastructure investments and local government realities such as inequality, crime, corruption, high living costs, congestion, and underfunded pensions and debt will all be discussed. Recent subjects, such as public-private partnerships, enterprise zones, the role of technology, environmental challenges, and real estate policies that encourage housing affordability, such as rent control and inclusionary zoning, will receive special emphasis.
Global Value Risk Analysis: This course examines the financial management issues that arise as a result of working in international settings. Managing currency risk through hedging and financing, estimating the cost of capital for foreign operations, assessing sovereign risks, capital budgeting from a project and parent viewpoint, and international taxation.