1. Understand how the various parts of a business and its environments interact with the financial decisions and risks of the firm

2. Understand the structure of the options markets and the motivation behind creating option contracts

3. Develop skills in option pricing and understand the basic principles that affect the value of an option contract

4. Understand how option contracts can be used to manage financial risk

5. Understand the structure of the futures and forward markets and the motivation behind creating these contracts

6. Develop skills in futures pricing and understand the basic principles that affect the value of a futures contract

7. Understand how futures contracts can be used to manage financial risk

8. Understand the structure of the interest rate derivatives markets and the motivation behind creating such contracts

9. Develop skills in interest rate derivatives pricing and understand the basic principles that affect the value of such contracts

10. Understand how interest rate derivatives can be used to manage financial risk