BU.232.610 - Computational Finance
Modern financial markets are characterized by the widespread use of ever more powerful computational technology. The solutions to pricing, hedging, and portfolio allocation problems require familiarity with it, and so does effective trading in an age in which accuracy and speed are essential. This course teaches students the fundamentals of coding. The emphasis is on coding for inferential, modeling and simulation purposes. While class instruction will be based on MATLAB, one of the most popular programming platforms in the industry and the common language of choice for all courses in this program, students will also be exposed to other popular programming languages.
BU.231.710 - Financial Institutions
The financial service industry plays a significant role in the economy and it continues to undergo dramatic changes. Financial institutions (FIs) perform the essential function of channeling funds from savers to users of funds. Financial intermediation is subject to a significant risk as the recent financial crisis vividly illustrated. The risk management of FIs is crucial not only in maximizing shareholders’ value, but also in ensuring the stability of the whole financial system. In this course, we focus on the measurement and management of fundamental risks of banks (depository institutions).