1.1 Financial Engineering 金融工程学 Textbook: John C. hull. Options, Futures and other Derivative securities, Prentice hall4thEd、(清华大学出版社,) New Edition: 5th, 第三版中译本:张陶伟,华夏出版社,2000 Hullshomepagehtpp://www.rotman.utoronto.ca/hull to download slides and software Myhomepagehttp://webpc.shnu.educn/yctang Options, Futures, and Other Derivatives, 4th edition g 2000 by John C Hull Tang Yincai, C 2005
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2005 1.1 Financial Engineering 金融工程学 Textbook： John C. Hull, Options, Futures and Other Derivative Securities, Prentice Hall, 4th Ed.(清华大学出版社,) ⚫ New Edition: 5th, ⚫ 第三版中译本：张陶伟，华夏出版社，2000 ⚫ Hull’s homepage: htpp://www.rotman.utoronto.ca/~hull to download slides and software ⚫ My homepage: http://webpc.shnu.edu.cn/yctang
1.2 References John C. Hull, Fundamentals of Futures and Options Markets, Prentice hall4thEd.,2002(清华大学出版社) Robert w. Kolb, Futures, Options and Swaps, Blackwell Publishing, 4th Ed, 2002 .Lawrence Galitz, Financial engineering: Tools and Techniques to Manage Financial Risks, Pitman Publishing, 1995 (中译本:唐旭,经济科学出版社,1998) John F. Mrshall, Vipul K Bansal, Financial Engineering, Simon schuster. 1992 (中译本:宋逢明,朱宝宪,清华大学出版社,1998) 李森,期权理论与案例分析:一个战略性的投资,复旦大 学出版社,2002年8月 张志强,期权理论与公司理财,华夏出版社,1999 Options, Futures, and Other Derivatives, 4th edition g 2000 by John C Hull Tang Yincai, C 2005
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2005 1.2 References John C. Hull, Fundamentals of Futures and Options Markets, Prentice Hall, 4th Ed.,2002.(清华大学出版社) Robert W. Kolb, Futures, Options and Swaps, Blackwell Publishing, 4th Ed., 2002. •Lawrence Galitz, Financial Engineering: Tools and Techniques to Manage Financial Risks, Pitman Publishing, 1995. (中译本：唐旭，经济科学出版社，1998） • John F. Mrshall, Vipul K. Bansal, Financial Engineering, Simon & Schuster, 1992. (中译本：宋逢明，朱宝宪，清华大学出版社，1998） • 李森，期权理论与案例分析：一个战略性的投资，复旦大 学出版社，2002年8月. • 张志强，期权理论与公司理财，华夏出版社，1999
13 Introduction Chapter 1 Options, Futures, and Other Derivatives, 4th edition g 2000 by John C Hull Tang Yincai, C 2005
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2005 1.3 Introduction Chapter 1
1.4 The nature of derivatives a derivative(衍生产品/具)is an instrument whose value depends on the values of other more basic underlying(标的/原生) variables Options, Futures, and Other Derivatives, 4th edition g 2000 by John C Hull Tang Yincai, C 2005
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2005 1.4 The Nature of Derivatives A derivative（衍生产品/工具） is an instrument whose value depends on the values of other more basic underlying（标的/原生） variables
1.5 Examples of Derivatives Forward contracts(远期合约) Futures contracts(期货合约) ● Swaps(互换) ° Options(期权) Options, Futures, and Other Derivatives, 4th edition g 2000 by John C Hull Tang Yincai, C 2005
Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2005 1.5 Examples of Derivatives • Forward Contracts(远期合约) • Futures Contracts (期货合约) • Swaps(互换) • Options（期权）