Fundamentals of Futures and Options Markets, Global Edition

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 18onwards 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.

Auteur

John Hull is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto. He is an internationally recognized authority on derivatives and risk management with many publications in this area. His work has an applied focus. In 1999 he was voted Financial Engineer of the Year by the International Association of Financial Engineers. He has acted as consultant to many North American, Japanese, and European financial institutions. He has won many teaching awards, including University of Toronto's prestigious Northrop Frye award.

Contenu

1. Introduction
2. Futures Markets and Central Counterparties
3. Hedging Strategies Using Futures
4. Interest Rates
5. Determination of Forward and Futures Prices
6. Interest Rate Futures
7. Swaps
8. Securitization and the Credit Crisis of 2007
9. Mechanics of Options Markets
10. Properties of Stock Options
11. Trading Strategies Involving Options
12. Introduction to Binomial Trees
13. Valuing Stock Options: The BlackScholesMerton Model
14. Employee Stock Options
15. Options on Stock Indices and Currencies
16. Futures Options and Black's Model
17. The Greek Letters
18. Binomial Trees in Practice
19. Volatility Smiles
20. Value at Risk and Expected Shortfall
21. Interest Rate Options
22. Exotic Options and Other Nonstandard Products
23. Credit Derivatives
24. Weather, Energy, and Insurance Derivatives
25. Derivatives Mishaps and What We Can Learn from Them