Complement to Finances

Objectives

1. Compreender o funcionamento dos mercados de derivados;

2. Perceber a utilização dos derivados em operações de cobertura de risco, arbitragem e especulação;

3. Examinar os mecanismos de avaliação dos derivados financeiros.

Program

1. Derivative Markets

2. Forwards
2.1 Evaluation
2.2 Hedging, arbitrage and speculation

3. Futures
3.1 Evaluation
3.2 Hedging, arbitrage and speculation

4. Options
4.1 Evaluation
4.2 Hedging, arbitrage and speculation

5. Swaps
5.1 Evaluation
5.2 Hedging, arbitrage and speculation

Teaching Methodologies

The teaching methodology relies on 100% of theoretical-practical lectures, where the topics are presented by the professor and discussed with the students individually or in group, accompanied by a discussion of several exercises pre-assigned by the professor.

Bibliography

- Benninga, S. (2010). Principles of Finance with Excel (2nd ed.). Oxford University Press.

- Benninga, S. (2014). Financial Modeling (4th ed.) The MIT Press.

- Bodie, Z., Kane, A., & Marcus, A. J. (2021). Investments (12th ed.). McGraw-Hill.

- Hull, J. (2022). Options, Futures and Other Derivatives (11th ed.). Pearson.