The book can be used in a number of different ways. Instructors who like to focus on one-and two-step binomial trees when valuing options may wish to cover only the first 10 chapters. Instructors who feel that swaps are adequately covered by other
couses can choose to omit chapter 6. Instructor who feel the material in chapters 17 and 18 is too specialized can skip these chapters. Some instructors may choose to devote relatively more time to futures and swaps markets (Part 1);others may choose to structrure their course mostly around options marketss (Part 2)

Chapter 1 Introduction
Chapter 2 Mechanics of Futures and Forward Markets
Chapter 3 The Determination of Forward and Futures Prices
Chapter 4 Hedging Strategies Using Futures
Chapter 5 Interest-Rate Futures
Chapter 6 Swaps
Chapter 7 Mechanics of Options Markets
Chapter 8 Basic Properties of Stock Options
Chapter 9 Trading Strategies Involving Option
Chapter 10 An Introduction to Binomial Trees
etc.