The learning outcomes are to learn

• basic concepts and terminology for interest rates andstochastic process and stochastic differential equations, their application to pricing options, Black-shole model, as well as the concepts of measures and Martingales. 
• implementation of stochastic calculus and go deeper into modeling for interest rates, introducing some commonly known models for interest rates and interest rate swaptions in industry, ranging from single factor model to more complicated models such as HJM. 
• understand additional topics including risks involving interest rate derivatives, practical method for implementing interest rate derivatives models, computer simulation methods.