Financial Simulation

QTM9505 Financial Simulation
1.5 Intensive Elective CreditsThis course focuses on a quantitative technique, simulation, that enables finance professionals to make informed decisions under uncertainty. After taking this course, students will:
(a) have a basic understanding of the theoretical background for this technique; (b) have experienced implementing simulation models with Excel, @RISK, and VBA; (c) have used simulation in important financial applications such as new product development, capital budgeting under uncertainty, asset allocation under different definitions of risk, modeling asset price dynamics, derivative pricing, and hedging.

Prerequisites: QTM7800