Contiene: Futures markets and the use of futures for hedging. Forward and futures prices. Interest rate futures. Swaps. Options markets. Properties of stock option prices. Trading strategies involving options. Introduction to binomial trees. Model of the behavior of stock prices. The black-scholes analysis. Options on stock indices, currencies, and futures contracts. General approach to pricing derivatives. The management of market risk. Numerical procedures. Interest rate derivatives and the use of black's model. Interest rate derivatives and models of the yield curve. Exotic options. Alternatives to black-scholes for option pricing. Credit risk and regulatory capital. Review of key concepts.