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Mar 13, 2025
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IND 4710 - Financial Engineering3 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: IND 2700 ) (quarter system prereq: IE 423)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Apply engineering methods to finance, insurance, and economics
- Analyze options, futures, and other financial instruments
- Design real options and financial derivatives
- Evaluate risk and incorporate it into financial models
- Apply game theory concepts to financial analysis
Prerequisites by Topic
- Engineering economic analysis
Course Topics
- Overview of financial engineering job work
- 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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