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Financial Engineering
| Date and Time: | Wednesday, June 30 at 05:30 PM until 09:00 PM |
| Location: | |
| Event Type: | All MBA Programs Alumni College Administrative Executive Education General Events Graduate Programs Event Graduate Student Clubs LeBow Graduate Student Association LeBow International Student Association Lifelong Learning Professional Development University Calendar Event |
| Description: | Sponsored by Drexel University's LeBow College of Business Corporate and Executive Education Center and College of Engineering. This seminar will cover two topics in finance (portfolio design and option pricing) and connect them with key engineering tools (convex optimization and stochastic processes). First, we cover the stock portfolio design problem and the risk-reward tradeoff under the Capital Asset Pricing Model (CAPM), highlighting connections with convex optimization. Second, we review the time value of money, then discuss arbitrage, forwards, contracts, options, highlighting connections with stochastic processes, and in particular, martingales. Learning Objectives: 1. What is the stock portfolio design problem, and how do we define risk and reward? 2. How does the stock portfolio design problem connect with convex optimization? 3. What is arbitrage and how does it connect with pricing of financial instruments like stock options? 4. How does option pricing connect with stochastic processes? Presented by: Steven Weber, Ph.D., Associate Professor of Electrical and Computer Engineering Drexel University's College of Engineering Dr. Weber joined the Department of Electrical and Computer Engineering at Drexel University in 2003 where he is currently an associate professor. His research interests are centered around mathematical modeling of computer and communication networks, specifically streaming multimedia and ad hoc networks. He received his B.S. degree in 1996 from Marquette University in Milwaukee, WI, and his M.S. and Ph.D. degrees from The University of Texas at Austin in 1999 and 2003 respectively. Cost is $60.00 with discounts available for Drexel Alumni and Graduate Students Call 215-895-0578 for further details. Food and drink will be served. Earn up to 3 Continuing Professional Education (CPE) credits in the field of Finance. National Registry of CPE Sponsors- LeBow College of Business, Division of Drexel University is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org |
| Contact Person: | Jody Van de Sande |
| Contact E-mail: | jlv42@drexel.edu |
| Contact Phone: | 215.895.0578 |
