Modern financial markets, interest rate risk and its effect on government bonds, corporate bonds, other fixed income investments and equities. Financial market data analysis, calibration and validation. Some additional topics from among mortgage-backed securities, corporate credit risk, inflation-indexed bonds and swaptions.
4
UnitsOptional
Grading1, 2
PasstimeNone
Level LimitLetters and science
CollegeTook his 177 class - he is intelligent about financial math, with business experience in investing, making him a good professor to learn these concepts from.
lectures were kinda pointless to attend, and not much useful resources were available other than the textbook and TAs. if you want to know what is actually going on in the class, chatgpt will be your best friend. the whole grade is only 4 quizzes and the final, so it's 100% on you to practice on your own. he doesn't do enough as a professor, avoid
Like most ucsb math profs the problem is that he's obviously an expert in his field, but he has zero knowledge in actually educating. I didn't even need this class for credit I just wanted to learn smt but it wasn't worth it at all. Don't take if u have an heavy course-load, if you're capable of self learning everything then go ahead.
Only a few quizzes and tests mattered in this class. Be ready to read the textbook and do the optional problems to prepare. Otherwise, a very straightforward professor with clear criteria.
Pedersen is a highly intelligent professor. The notation is quite confusing especially if you are unfamiliar with actuarial notation. The tests are extremely hard, but luckily he allows open everything so you can use outside resources to help you do well. I would recommend taking this class with Pedersen if you are interested in the subject matter
He grades everything at the last minute. We have no homework, and his lectures are useless. He doesn't give us proper examples or apply what we learn; he just "teaches" us the concept and expects us to understand it. I am not even sure how problems are very difficult; he better curve. Not ready for the final.