For undergraduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management. A reader friendly book with an abundance of numerical and real life examples. Based on Hull's Options, Futures and Other Derivatives, the seventh edition of Fundamentals of Futures and Options Markets presents an accessible and student friendly overview of the topic without the use of calculus. Packed with numerical examples and accounts of real-life situations, this text effectively guides students through the material while helping them prepare for the working world. The seventh edition addresses and analyzes the impact of the current financial crisis

Chapter 1 Introduction
Chapter 2 Mechanics of Futures Markets
Chapter 3 Hedging Strategies Using Futures
Chapter 4 Interest Rates
Chapter 5 Determination of Forward and Futures Prices
Chapter 6 Interest Rate Futures
Chapter 7 Swaps
Chapter 8 Securitization and the Credit Crisis of 2007
Chapter 9 Mechanics of Options Markets
Chapter 10 Properties of Stock Options
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