Derivatives

Postgraduate | 2026

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Mode icon
Mode
Mode
Your studies will be on-campus, and may include some online delivery
On campus
area/catalogue icon
Area/Catalogue
ACCT 6007
Course ID icon
Course ID
201850
Campus icon
Campus
Adelaide City Campus
Level of study
Level of study
Postgraduate
Unit value icon
Unit value
6
Course owner
Course owner
Adelaide University
Course level icon
Course level
2
Work Integrated Learning course
Work Integrated Learning course
No
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Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
No
University-wide elective icon
University-wide elective course
No
Single course enrollment
Single course enrolment
No

Course overview

This course examines the function and operation of derivative markets in finance. It begins by identifying the relationships that must hold in these markets to prevent arbitrage opportunities. The course then covers options pricing using the Binomial and Black-Scholes models and describes a wide range of futures and options strategies, along with their applications to hedging and risk management. It also considers currency and fixed-interest derivatives, as well as options on futures and various exotic options.

Course learning outcomes

  • Apply fundamental futures concepts to the pricing of futures and forward contracts
  • Interpret and analyse market data for a combination of underlying and derivative securities to develop appropriate hedging and risk management strategies
  • Apply stock price dynamics and hedge parameters to determine option prices
  • Develop suitable hedging and arbitrage strategies using derivative securities

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A

Assumed knowledge

N/A

Textbook(s)

N/A

Inherent requirements

N/A

Other resources

N/A

Assessment

N/A

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The Student Contribution amount displayed below is for students commencing a new program from 2021 onwards. If you are continuing in a program you commenced prior to 1 January 2021, or are commencing an Honours degree relating to an undergraduate degree you commenced prior to 1 January 2021, you may be charged a different Student Contribution amount from the amount displayed below. Please check the Student Contribution bands for continuing students here. If you are an international student, or a domestic student studying in a full fee paying place, and are continuing study that you commenced in 2025 or earlier, your fees will be available here before enrolments open for 2026.