Financial Economics for Actuaries I - ACS 620
ACS 620 Financial
Economics for Actuaries I (3.0); 3 cr. This
course covers binomial option pricing, Black-Scholes formula and option Greeks, Delta
hedging to manage the risk of an option
position, and exotic options (Asian, barrier,
compound and exchange). This course covers
the first part of the material of SOA MFE
(Models for Financial Economics) exam and
its equivalent CT8 (Core Technical: Financial
Economics) exam of the Institute of Actuaries.
Prerequisite: ACS 610.