Derivatives Markets, Pearson New International Edition, 3rd edition

Published by Pearson (27 August 2013) © 2014

  • Robert L. McDonald Northwestern University
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Title overview

For courses in options, futures, and derivatives.

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 3rd Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasises the core economic principles underlying the pricing and uses of derivatives.

The 3rd edition has been updated to include new data and examples throughout.

Table of contents

  1. 1 Introduction to Derivatives

PART ONE INSURANCE, HEDGING, AND SIMPLE STRATEGIES

  1. 2 An Introduction to Forwards and Options
  2. 3 Insurance, Collars, and Other Strategies
  3. 4 Introduction to Risk Management

PART TWO FORWARDS, FUTURES, AND SWAPS

  1. 5 Financial Forwards and Futures
  2. 6 Commodity Forwards and Futures
  3. 7 Interest Rate Forwards and Futures
  4. 8 Swaps

PART THREE OPTIONS

  1. 9 Parity and Other Option Relationships
  2. 10 Binomial Option Pricing: Basic Concepts
  3. 11 Binomial Option Pricing: Selected Topics
  4. 12 The Black-Scholes Formula
  5. 13 Market-Making and Delta-Hedging
  6. 14 Exotic Options: I

PART FOUR FINANCIAL ENGINEERING AND APPLICATIONS

  1. 15 Financial Engineering and Security Design
  2. 16 Corporate Applications
  3. 17 Real Options

PART FIVE ADVANCED PRICING THEORY AND APPLICATIONS

  1. 18 The Lognormal Distribution
  2. 19 Monte Carlo Valuation
  3. 20 Brownian Motion and Ito's Lemma
  4. 21 The Black-Scholes-Merton Equation
  5. 22 Risk-Neutral and Martingale Pricing
  6. 23 Exotic Options: II
  7. 24 Volatility
  8. 25 Interest Rate and Bond Derivatives
  9. 26 Value at Risk
  10. 27 Credit Risk

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