Options Futures and other derivatives- 9th edition PDF by John C. Hull serves several markets. It is appropriate for graduate courses in business, economics, and financial engineering. It can be used on advanced undergraduate courses when students have good quantitative skills. Many practitioners who are involved in derivatives markets also find the book useful.
Author: John C. Hull
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It is sometimes hard for me to believe that the first edition of this book, published in 1988, was only 330 pages and 13 chapters long. The book has grown and been adapted to keep up with the fast pace of change in derivatives markets.
Like earlier editions, this book serves several markets. It is appropriate for graduate courses in business, economics, and financial engineering. It can be used on advanced undergraduate courses when students have good quantitative skills. Many practitioners who are involved in derivatives markets also find the book useful. I am delighted that half the purchasers of the book are analysts, traders, and other professionals who work in derivatives and risk management.
One of the key decisions that must be made by an author who is writing in the area of derivatives concerns the use of mathematics. If the level of mathematical sophistication is too high, the material is likely to be inaccessible to many students and practitioners. If it is too low, some important issues will inevitably be treated in a rather superficial way. I have tried to be particularly careful about the way I use both mathematics and notation in the book. Nonessential mathematical material has been either eliminated or included in end-of-chapter appendices and the technical notes on my website. Concepts that are likely to be new to many readers have been explained carefully and many numerical examples have been included.
Options futures and other derivatives- 9th edition PDF can be used for a first course in derivatives or for a more advanced course. There are many different ways it can be used in the classroom. Instructors teaching a first course in derivatives are likely to want to spend most classroom time on the first half of the book. Instructors teaching a more advanced course will find that many different combinations of chapters in the second half of the book can be used. I find that the material in Chapter 36 works well at the end of either an introductory or an advanced course.
Table of Contents- Options Futures and other derivatives- 9th edition PDF
List of Business Snapshots
List of Technical Notes
2. Mechanics of futures markets
3. Hedging strategies using futures
4. Interest rates
5. Determination of forward and futures prices
6. Interest rate futures
8. Securitization and the credit crisis of 2007
9. OIS discounting, credit issues, and funding costs
10. Mechanics of options markets
11. Properties of stock options
12. Trading strategies involving options
13. Binomial trees
14. Wiener processes and Ito ˆ ’s lemma
15. The Black–Scholes–Merton model
16. Employee stock options
17. Options on stock indices and currencies
18. Futures options
19. The Greek letters
20. Volatility smiles
21. Basic numerical procedures
22. Value at risk
23. Estimating volatilities and correlations
24. Credit risk
25. Credit derivatives
26. Exotic options
27. More on models and numerical procedures
28. Martingales and measures
29. Interest rate derivatives: The standard market models
30. Convexity, timing, and quanto adjustments
31. Interest rate derivatives: Models of the short rate
32. HJM, LMM, and multiple zero curves
33. Swaps Revisited
34. Energy and commodity derivatives
35. Real options
36. Derivatives mishaps and what we can learn from them
Glossary of terms
Major exchanges trading futures and options
Tables for N(x)
About the author
John C. Hull is a Professor of Derivatives and Risk Management at the Rotman School of Management at the University of Toronto.
He is a respected researcher in the academic field of quantitative finance (see for example the Hull-White model) and is the author of two books on financial derivatives that are widely used texts for market practitioners: “Options, Futures, and Other Derivatives” and “Fundamentals of Futures and Options Markets”.
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