Students who have received credit for FINA 453 may not take this course for credit. This course on options and futures is a comprehensive analysis of the options and futures markets in North America. The student is introduced to the different markets for these instruments and their institutional details. The different types of options and futures currently trading are examined. The principles of valuation of futures and options, their use in risk manage-ment through hedging techniques and their use in speculative strategies are studied.
Emphasis is placed on the analysis of financial options and futures.
Students who have received credit for FINA 419 may not take this course for credit. This course deals with both the central issues in real estate finance and investment and with recent advances in the field. Students will be introduced to basic topics such as the organization of real estate markets, pricing, inflation, taxation, valuation methods, brokerage, ownership forms, and real estate law. In addition, they will study recent advances in finance as they apply to the concept of real estate valuation. Principles learned in FINA 380 and 390 and academic journals will serve as the basis for this aspect of the course.