Derivatives are financial products whose value depends on the price of other financial products (e.g. stocks, bonds, interest rates, foreign exchange rates or commodities). This course provides an introduction to standard derivatives like forwards, swaps, and options. It will cover basic valuation principles as well as standard valuation models. The focus of this course is on the practical implementation and calibration of these models.
- Understand the key terminology and products in derivative markets
- Design no-arbitrage trades and replication strategies
- Implement simple numerical pricing models (binomial tree or simulation)
- Apply the Black/Scholes/Merton option pricing formula
- Identify relevant data to calibrate pricing models in practice
This course is part of the prestigious part-time Master in Finance program, conducted in English on Fridays and Saturdays on Campus Westend. It offers a valuable opportunity to network and gain expertise without committing to a full degree program. As the number of seats is limited, we recommend to register early. If you're a GBS or Goethe University alumni, explore our attractive alumni discount options.
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Participants have the choice of completing the course with a qualified certificate or attending as a guest auditor. As an auditor, you are not required to complete assignments, take exams or earn academic credits.
| ECTS | Certificate | |
|---|---|---|
| Guest auditor | - | Certificate of Participation |
| Full participant | 6 CP | Qualified Certificate |
Prof. Dr. Marc Crummenerl
Dr. Marc Crummenerl is Professor of Finance at the Berlin School of Economics and Law. He studied Business Administration and Japanese at the University of Mannheim. Prior to earning his Doctorate at the University of Tübingen, he worked for several years as a Management Consultant at McKinsey and Company, Inc. in the Financial Institutions and Risk Management practices. Before joining the School for Economics and Law in Berlin, Marc worked as an EUREX Assistant Professor for Derivatives at the Finance Department at Goethe University. His research covers a wide area of topics from risk management of financial institution over structural models in corporate finance to the analysis of risk premia in the stock markets. During his academic career, he also spent several semesters abroad at the University of Michigan and New York University.
| Date | Session |
|---|---|
| Dates coming soon |