470 calendar
		Date	Topic	Comments
1	R	10-Jan	Derivatives: basic notions and facts; pricing principles; examples
2	T	15-Jan	Unique solutions for one-step binomial models: stable-value portfolio	homework: check your e-mail (1/15/08 20:00) - due 1/22
3	R	17-Jan	Replicating portfolio, expected portfolio value	homework: check your e-mail (1/17/08 21:30)
4	T	22-Jan	One-step trinomial model - deficiencies One-step trinomial model - linear programming
5	R	24-Jan		homework set 3 due R 31-Jan
6	T	29-Jan	One-step trinomial model - linear programming - duality
7	R	31-Jan	continued	homework set 4 due T 5-Feb
8	T	5-Feb	One-step multinomial model: payoff matrices
9	R	7-Feb		homework set 5 due T 19-Feb
10	T	12-Feb	Test 1 (covering days 1-7)
11	R	14-Feb	Binomial trees: Pascal's triangle and expected stock values. Calculating derivative values a) backwards against the tree b) as expected values	homework set 6 due T 21-Feb
12	T	19-Feb
13	R	21-Feb	Hedging along binomial trees
14	T	26-Feb	American and knock-out options & binomial trees	project candidates
15	R	28-Feb	Test 2 (covering days 8-13)
16	T	4-Mar	Spreadsheet simulations
17	R	6-Mar	Probability and statistics review
18	T	11-Mar	Transition to the continous model. Brownian motion.
19	R	13-Mar	Spreadsheet simulations and adaptations
20	T	18-Mar	The Black-Scholes Formula
21	R	20-Mar	catch up	homework set 7 due R 3-Apr
	T	25-Mar
	R	27-Mar
22	T	1-Apr	An analytic approach to Black-Scholes	project candidate: heat equation
23	R	3-Apr
24	T	8-Apr	Greeks
25	R	10-Apr	Hedging with Greeks	several projects
26	T	15-Apr
27	R	17-Apr	08:00-09:15    Test 3  (covering days 18-24)  --  or work on project
			11:00-13:00    Excursion: Automated Trading Desk, 11 e-Wall Street, Mt. Pleasant
28	T	22-Apr	semester review continued
	R	17-Apr	8:15 p.m.  semester review
	M	28-Apr	Final exam