UNIVERSITY OF CALGARY 
FNCE445: Futures and Options 
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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University of Calgary - FNCE445: Futures and Options

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ACADEMIC YEAR 2024 - 2025

University	University of Calgary
Study Level	Undergraduate
Course Code	FNCE445
Course Name	Futures and Options
Notes Title	Comprehensive Revision Guide and Notes
Format	PDF
Page Length	30

This comprehensive study guide is designed for students enrolled in FNCE445: Futures and Options at the University of Calgary. It provides extensive coverage of all assessments throughout the course. Whether you are preparing for the crucial 2025 exam or reinforcing your understanding, this guide offers vital exam techniques and focuses on core questions relevant to your academic success. Featuring clear diagrams to enhance comprehension and retention, this self-study resource is updated to reflect the latest course content, ensuring you are fully prepared for all academic evaluations.

FNCE445: Futures and Options explores financial contracts whose payoffs depend on the value of underlying economic variables, such as commodity prices or stock prices. These contracts are commonly used for hedging and speculation and play a key role in price discovery, offering insights into market forecasts. Prerequisites include admission to the Haskayne School of Business and completion of Finance 317 and 443.

Key Areas of Focus:

Understand the structure and function of financial contracts like futures and options.
Identify the key underlying variables such as commodity prices and stock prices.
Explain how futures and options contracts are used for hedging risks.
Describe how these contracts are used for speculative purposes.
Analyze the role of futures and options in price discovery.
Interpret the information provided by these contracts to forecast economic variables.
Apply concepts of futures and options in real-world financial scenarios.

COURSE CODE	COURSE NAME
ACCT 217	Introductory Financial Accounting
ACCT 323	Introductory Managerial Accounting
ACCT 341	Intermediate Financial Accounting I
ACCT 343	Intermediate Financial Accounting II
ECON 201	Principles of Microeconomics
ECON 203	Principles of Macroeconomics
ECON 230	Microeconomic Theory
ECON 357	Intermediate Economic Theory Microeconomics II
ECON 395	Introduction to Econometrics
FNCE 317	Financial Management
FNCE 443	Security Analysis and Investments
FNCE 445	Futures and Options
FNCE 463	Portfolio Theory and Management
FNCE 467	Financial Risk Management
MKTG 317	Foundations of Marketing
OBHR 317	Organizational Behaviour
SGMA 395	Business Law for Strategic Decision-Makers
STAT 213	Introduction to Statistics I
STAT 217	Introduction to Statistics II
STAT 429	Linear Models and Their Applications
STAT 505	Time Series Analysis

University of Calgary - FNCE445: Futures and Options

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