Lecturers:
Andrea Molent (University of Udine)

Board Contact:
Andrea Molent

1. Valuation of Financial Derivatives Under the Absence of Arbitrage Opportunities (1 hour)
   • Introduction to Derivatives
   • The Concept of Arbitrage
   • Valuation Techniques
   • Pricing Models

2. The CRR (Cox-Ross-Rubinstein) Model (3 hours)
   • Introduction to the CRR Model
   • Construction of the Binomial Tree
   • Valuation of European and American Options
   • Extensions and Limitations

3. The Black-Scholes Model (5 hours)
   • Introduction to the Black-Scholes Framework
   • Black-Scholes Formula for Option Pricing
   • Applications and Limitations
   • The Monte Carlo method

4. Machine Learning Applications in Finance (3 hours)
   • Overview of Machine Learning in Finance
   • Gaussian Process Regression.
   • Some applications in Finance