This class describes what options contracts, or options on futures
contracts are. It also answers what the difference is between a call
option and a put option. What does it mean to go long or go short?
Professor Carter describes the top U.S. exchanges, when they were
founded and the primary trading instruments on each. Next, he describes
similar international futures markets. Old-fashioned pit trading vs.
electronic trading methods are described. Carter discusses the
importance of futures markets on the world economy.