MCGILL UNIVERSITY 
FINE 448: Financial Derivatives 
Comprehensive Revision Guide and Notes 2025 
 
Part 01: About This Guide
Part 02: Sample Examination 
Part 03: Suggested Solutions to Exam Paper
Part 04: Study Tips for Students 
 
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FINE 448: Financial Derivatives (McGill University)

C$25.00

ACADEMIC YEAR 2025 - 2026

University	McGill University
Study Level	Undergraduate
Course Code	FINE 448
Course Name	Financial Derivatives
Notes Title	Comprehensive Revision Guide and Notes
Format	PDF
Page Length	30

Prepare for FINE 448: Financial Derivatives (McGill) with this all-in-one guide. It explains core concepts and strategy design using clear language, worked examples, and diagrams. Tackle exam-style questions with fully worked solutions, and use practical techniques for time management, showing method, and avoiding common mistakes. Updated to reflect current course coverage, it keeps you focused on the question types instructors emphasize, so you build strong problem-solving across the term and walk into major tests with confidence.

Finance: The course concentrates on both the analytical and practical aspects of investments in options and futures. The first part of the course concentrates on option and futures valuation, considering both discrete and continuous time models. The second part of the course concentrates on the practical aspects of options and futures trading.

Key Areas of Focus:

Understand the basics and pricing of forwards and futures.
Learn how to hedge using forwards and futures.
Review and apply interest rate concepts in financial derivatives.
Use interest rate futures for hedging.
Gain a foundational understanding of stock options and trading strategies.
Apply the Binomial and Black-Scholes-Merton models for options pricing.
Understand and use volatility, "Greeks," and swap contracts in finance.

Prerequisites: MGSC 372 or equivalent and MGCR 341.

COURSE CODE	COURSE NAME
ACCT 351	Intermediate Financial Accounting 1
ACCT 352	Intermediate Financial Accounting 2
ACCT 361	Management Accounting
CACF 210	Introductory Financial Accounting
CACF 215	Introductory Managerial Accounting
CACF 310	Intermediate Financial Reporting 1
CACF 325	Intermediate Financial Reporting 2
BUSA 364	Business Law 1
ECON 208	Microeconomic Analysis and Applications
ECON 230D (1&2)	Microeconomic Theory
ECON 209	Macroeconomic Analysis and Applications
FINE 441	Investment Management
FINE 342	Corporate Finance
FINE 442	Capital Markets and Institutions
ECON 337	Introductory Econometrics 1
FINE 443	Applied Corporate Finance
FINE 448	Financial Derivatives
MATH 324	Statistics
MGCR 211	Introduction to Financial Accounting
MGCR 222	Introduction to Organizational Behaviour
MGCR 271	Business Statistics
MGCR 341	Introduction to Finance
MGCR 352	Principles of Marketing
MGSC 372	Advanced Business Statistics
MATH 423	Applied Regression

FINE 448: Financial Derivatives (McGill University)

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