70-497 Derivative Securities

9 units, Carnegie Mellon University

This course has two goals. The first goal is to help you to master the tools to price and hedge and understand the risk exposures of any contingent claim on any underlying variable. The second goal in this course is to practice using these pricing and hedging tools in derivative structuring and sales. The focus here is on designing and pricing derivative securities to trade on specialized market views and to hedge customized risk exposures. The course also highlights practical issues about model calibration, model risk, and dynamic and static hedging.

Prerequisites: 70-391 or 21-370

Offered: Fall 2026, Fall 2025

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