This unit consist of 2 hours of lectures and 1 hour tutorial per week, Lectures are held at the following times: Monday 2:00-4:00pm E7B T2.
ACST307 Tutorials are held on Tuesday, commencing in Week 2:
You must attend the tutorial class in which you are enrolled. The tutorial is an opportunity for you to attempt the section exercises given at the end of each section of work, and to discuss problems with the tutor.
Any alterations to the class times or locations will be advised in lectures and via the website.
Required and Recommended Texts and/or Materials
Lecture materials are available for downloading from ACST307/817 teaching website.
•Options, Futures and Other Derivatives (7th edition); John Hull
•An Introduction to the Mathematics of Financial Derivatives (2nd edition); Salih N. Neftci
•Interest Rate Models: An Introduction; Andrew J. G. Cairns
Each copy of these books is available in the Reserve section of the Library and can be purchased from the Macquarie University Co-op bookshops
Optional ActEd material
• The ActEd CT8, that can be purchased directly from ActEd.
•Risk-Neutral Valuation - Pricing and Hedging of Financial Derivatives (1st Edition ); N. H. Bingham and R. Kiesel
•Quantitative Risk Management; Alexander J. McNeil, Rüdiger Frey and Paul Embrechts
•The Theory of Stochastic Processes; D. R. Cox and H. D. Miller
•Introduction to Probability Models (8th edition); Sheldon Ross
Technology Used and Required
Students need to be able to use a computer to analyse financial problems. You should be able to use a word processing package (such as WORD), a spreadsheet (such as EXCEL), a statistical package (such as MINITAB) and a programming language (such as Visual Basic or Matlab). Although the unit does not aim to teach students how to use computers, as this is covered in prerequisite units, you are encouraged to make use of spreadsheets and other software packages for the assignment.
Unit Web Page
To access the website, go to http://ilearn.mq.edu.au and login using your usual login and password.
Teaching and Learning Strategy
The unit is taught using two-hour lecture and one-hour tutorial each week. You are expected to read lecture materials in advance of the lectures. The tutorial is an opportunity for you to attempt questions for each section of work, or to ask questions. It is highly recommended to try to solve questions in advance of the tutorials. In addition to the tutorial, you should use the Discussion Board to ask questions or discuss concepts covered in the unit.
Changes since the Last Offering of this Unit