Introduction to Derivatives . Insurance, Hedging, and Simple Strategies .An Introduction to Forwards and Options . Insurance, Collars, and Other Strategies .Introduction to Risk Management .. Forwards, Futures, and Swaps. Commodity Forwards and Futures . Financial Forwards and Futures .. Interest Rate Forwards and Futures . Swaps . Options . Parity and Other Option Relationships. Binomial Option Pricing: Basic Concepts . Binomial Option Pricing: Selected Topics .. The Black-Scholes Formula . Market-Making and Delta-Hedging . Exotic Options I.. Financial Engineering and Applications .. Financial Engineering and Security Design .. Corporate Applications . Real Options ... Advanced Pricing Theory and Applications . The Lognormal Distribution . Monte Carlo Valuation .. Brownian Motion and It6s Lemma . The Black-Scholes-Merton Equation ,. Risk-Neutral and Martingale Pricing ... Exotic Options II Volatility ,.. Interest Rate and Bond Derivatives.value and risk. credit risk