AEM 4060 - Risk Simulation and Monte Carlo Methods

Spring. 3 credits. Letter grades only.

Prerequisite: Working knowledge of Excel. At least one course equivalent to AEM 2240 and at least one course in statistics or permission of instructor. Enrollment limited to: undergraduate students. Co-meets with AEM 6061.

C. G. Turvey.

This is a computer-based course that deals with the concepts of randomness and risk in financial management, capital budgeting, stock valuations, derivatives, and investment portfolios. The focus of the course is on applying realistic probability using Monte Carlo simulation to solve a variety of problems in finance.