FINS3635: Options, Futures and Risk Management
Ease: (10/10). If you have Dr David Colwell as your LIC, this course is dumbed down considerably compared with other LICs such as Dr Joakim Bang. For Colwell's assessments, you are given very easy excel assignments who literally tells what to do and exams which are simply his lecture slides and practice problems. So pretty much, as long as you understood the lecture material and did the homework, you'll find this course a joke. However, this course is quite mathematical and heavily focuses on problem solving rather than number crunching even though formula sheets are provided. So if you aren't mathematically inclined, you may struggle whereas actl and math students will probably laugh since we learn much more difficult concepts.
Content: (7/10). The course material wasn't quite difficult nor interesting since it felt rather old school than contemporary finance. The idea of implementing strategies using derivatives is sort of intriguing to a point where you start to realise that real-world applications are far more complex. The course extends what you learned from FINS1612 and FINS2624 such as option strategies, binomial trees and black scholes so if you enjoyed these concepts, you will probably enjoy this course. Overall, although the course was straightforward, I found some concepts bland but nothing was difficult. Just a heads up, most if this course is dedicated to options even though this is the derivatives course.
Lecturers: David Colwell (9/10). It's been a while since I had a great finance lecturer, explained concepts very well, everything was very organised and you can't ask for a better lecturer if you are type who doesn't lectures (in the echo360 recordings, you'll be able to watch him comment and annotate his slides, later even scans his annotations and gives out plenty of hints whether youre at home or at the lecture). My only issue (probably not even an issue) with Dr Colwell was he literally spoonfeeds the exams and assignments, so not much of a challenge but for mark purposes this is an upside. Otherwise, he was always assessible when you needed him but man you can tell he's overdue for a holiday
Tutors: Hang Wang (1/10), Arseny Gorbenko (7/10). If you have Hang, don't even bother going to his tutorials (unless tutorials are compulsory) he wasn't quite a helpful tutor and what he teaches has no relevence with the lectures. Thus, I decided to switch to Arseny, a much better tutor with helpful slides for revision. The issue with tutorials for this course is you don't really need to go since David covers the content very well, so as long you just stick to what David wants you to know for the exams and assignments, it kinda makes the tutorials redundant. On the other hand, the tutorials with Arseny are quite good if you want to test your knowledge. However, next semester there are tutorial marks so you can't skip like you would've been able to do in previous semesters.
Overall: (9/10). Definitely a wam booster if you like mathematical concepts and using these concepts when applying and solving abstract problems. However, if you are looking for something more applicable for finance, I'd suggest the corporate finance and valuation courses but they are considered more difficult as a result. I would say this course feels like a course you would consider if you are more interested in academics. Otherwise, fairly straightforward and easy course if you have David Colwell. My tip is to dot point David's slides, it will make preparations for the exams a lot easier.
FINS3636: Interest Rate Risk Management
Ease: (9/10). A very similar course to FINS3636 except you learn more concepts in depth. Again, exams and assignments are simply based off what David wants, his slides and his practice problems, so you shouldn't be surprised with the midterm and final exam questions.
Content: (8/10). Again, the course material felt rather old school than contemporary finance (content has be recycled for more than a decade). There is quite an overlap with FINS3635 in terms of the overall concepts such as forwards, futures, options and swaps. It is definitely slightly harder than FINS3635 due to the amount of content there is for this course (doubled the amount tbh). However, I found this course more interesting with some relevence to real world applications. Again, quite mathematical but for exam purposes, you aren't really calculating despite the formula sheet but rather problem solving. Rather than focusing on equity securities in FINS3635, FINS3636 focuses on fixed income securities such as bonds and treasury bills which is surprisingly more easier to model in real life but I reckon more complex in academics. So despite the school saying overlap is minimal, due to the same overarching concepts you learn such as black scholes, futures, forwards, when doing this course with FINS3635, it feels like I am studying one course rather than two separate courses.
Lecturers: David Colwell (9/10). Read the above review for FINS3635. Colwell is GOAT.
Tutors: (NA/10). There are no tutorials for this course.
Overall: (9/10). Again, very similar to FINS3635, slightly harder but more interesting. Read the above review for FINS3635.