Derivatives

This lecture covers the core concepts and methods of derivatives, pricing, and hedging, including payoff analysis, no-arbitrage reasoning, replication, and standard valuation approaches. It is designed as a practice-oriented learning experience that combines concise conceptual input with guided exercises and implementation-based work, so that students build both intuition and methodical problem-solving skills. The GitHub Classroom is the single source of truth for materials and updates: cafawo/Derivatives.