In this module you study the derivative market, in particular, futures and options markets. You explore various futures markets including the stock index, FX, commodities and interest rate contracts, how they are priced and hedged, and different trading strategies; as well as considering different option positions, the relationship between call and put option prices, and trading strategies.

Explore the links between money, financial intermediaries, financial markets and the policies that affect them. In particular, you examine the effects of monetary policy on financial markets and on the economy as a whole. Gain an understanding of how interest rates, money supply and central bank actions affect the decisions of economic agents, financial markets and prices.

Gain a thorough understanding of the basic international arbitrage relationships of some basic models of exchange rate determination. You then explore topics in economics such as models of currency crisis, and the South American and East Asian Crisis, and investigate international markets from the perspective of a multinational firm, where topics such as the international cost of capital and foreign direct investment are covered.

The (mis)use of financial derivatives can potentially have catastrophic consequences for those who acquire them. And yet in recent years derivatives have become increasingly important, both for the financial sector and for the wider economy. On this course you discover how risk can be managed with the use of derivative instruments.

The purpose of this module is to introduce you to the principles of alternative investments. We provide a detailed analysis of various classes of alternative investments in the financial markets. Specifically, these classes include commodities, hedge funds, mutual funds, private equity/venture capital and real estate investment trusts (REITS). The theoretical part of the module aims at deepening your understanding of each given investment category, while the practical part focuses on formulating and implementing various active and passive investment strategies, as well as quantifying the risks associated with them.