Jul 05, 2022  
2020-2021 Undergraduate Academic Catalog 
    
2020-2021 Undergraduate Academic Catalog [ARCHIVED CATALOG]

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IE 4823 - Financial Engineering

3 lecture hours 0 lab hours 3 credits
Course Description
Finance and economic analysis is a growing area of employment for engineers. The purpose of this class is to increase the student’s ability to apply engineering methods to finance, insurance, economics, and risk management. This is a student-directed course, where the interests of the participating students will influence the content and objectives of the course. Student influenced course topics may include but are not necessarily limited to options pricing theory, futures contracts and other financial instruments, real options, risk management, and game theory. Industry applications and case studies illustrate concepts and challenges. (prereq: IE 423  and junior standing)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
  • Understand how engineering methods apply to finance, insurance, and economics
  • Understand options, futures, and other financial instruments
  • Understand real options
  • Understand risk and how risk is evaluated and incorporated into financial models
  • Apply game theory concepts to financial analysis

Prerequisites by Topic
  • None

Course Topics
  • Introduction to financial engineering
  • Application of engineering methods to finance, insurance, and economics
  • Mathematical modeling for financial analysis and decision making
  • Options, futures, and other financial instruments
  • Real options
  • Evaluating risk and incorporating it into financial models
  • Game theory
  • Industry applications and case studies

Coordinator
Dr. Aaron Armstrong



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