Derivative Securities

Covers the pricing and uses of common derivatives including options, forwards, futures, and swaps.

offering recorded3 credits

Summary

1 / 6

Historical reviews of Briana Chang: Students report that the concepts are intuitive, but success requires avoiding being bogged down by the extensive formulas and information presented in lecture slides.

Grade history

average GPA
letter grades
A
AB
B
BC
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F

All recorded terms · compare terms & instructors

Prerequisites

Course map

FINANCE/​ECON 300, (MATH 213 or 222), and (GEN BUS 307, 317, 656,ACT SCI 654, 655,ECON 400, 410,STAT/​MATH 310,STAT 312, 333 or concurrent enrollment), or declared in undergraduate Business Exchange program

“Used by” includes alternatives; linked courses may have other requirements. This is a best-effort interpretation; check the catalog requirements above.

Prerequisite text tree

Professors

Fall 2026
/5Adjusted rating
/5RMP difficulty
captured reviews
About this rating

Raw average: 4.38/5 from 21 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

RMP profile ↗ · All captured review dates; profile matched by name.

Recent recorded grades — Spring 2025: 3.33 GPA, 55.6% A/AB (n=36 letter grades); Spring 2026: 3.24 GPA, 50.0% A/AB (n=120 letter grades). Includes jointly taught sections.

/5Adjusted rating
/5RMP difficulty
captured reviews
About this rating

Raw average: 3.63/5 from 19 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

RMP profile ↗ · All captured review dates; profile matched by name.

Recent recorded grades — Fall 2022: 3.37 GPA, 60.6% A/AB (n=71 letter grades); Fall 2024: 3.33 GPA, 55.2% A/AB (n=174 letter grades); Fall 2025: 2.99 GPA, 50.0% A/AB (n=172 letter grades). Includes jointly taught sections.

Historical instructors & teaching patterns

Historical reviews of Briana Chang: Briana Chang received high praise for straightforward lectures and helpful in-class practice. Reviewers noted her exams lacked curveballs and concepts were intuitive, though some students struggled with the volume of formulas and slide information.

BJORN ERAKER is recorded teaching in Fall 2016, Fall 2017, Fall 2018, Fall 2019, Fall 2021, Fall 2022, Fall 2024, Fall 2025. Recorded history may be incomplete and does not establish a future schedule.

BRIANA CHANG is recorded teaching in Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Fall 2020, Spring 2022, Spring 2023, Spring 2024. Recorded history may be incomplete and does not establish a future schedule.

KENNETH KAVAJECZ is recorded teaching in Spring 2025, Spring 2026. Recorded history may be incomplete and does not establish a future schedule.

Recorded history may be incomplete and does not establish a future schedule.

Calendar & sections

Fall 2026

Schedule loads here as you scroll.

SectionModeEnrolled / capacityWaitlist
LEC 001Classroom Instruction60 / 602
LEC 002Classroom Instruction57 / 603
LEC 003Classroom Instruction58 / 600
LEC 006Classroom Instruction57 / 600

Times are Central. Select a meeting for details; export includes recorded dates for the selected sections. Enrollment reflects scan time.

Meeting source records

Student experience

the class

Historical reviews for Briana Chang describe a straightforward, intuitive course with helpful in-class practice and no exam curveballs, though students may struggle with the volume of formulas on slides.

Recent recorded grades — Spring 2025: 3.27 GPA, 59.4% A/AB (n=187 letter grades); Fall 2025: 3.21 GPA, 62.0% A/AB (n=292 letter grades); Spring 2026: 3.37 GPA, 62.9% A/AB (n=240 letter grades).

difficulty & workload

Historical reviews of Briana Chang: Students report that the concepts are intuitive, but success requires avoiding being bogged down by the extensive formulas and information presented in lecture slides.

Historical reviews of Briana Chang: Reviewers found the lectures great and straightforward, noting that in-class problem practice was particularly helpful for understanding the material.

Topics

  • Derivatives: options, forward contracts, futures contracts, and swaps.

Skills

  • Pricing and using common derivatives like options, forwards, futures, and swaps.

Grades

Historical instructor

Fall 2026 · Projected

Before grades are released

average GPA

Approximate 80% prediction interval

About this estimate

The course’s semester-average GPA, not an individual student’s grade. The center uses 5 same-season terms, weighted toward recent results.

The range uses the finite-sample 80th-percentile rank of absolute errors from earlier same-season forecasts. Each forecast uses only records from earlier terms. At least four forecasts are required; bounds are rounded outward and limited to 0–4. This is an empirical estimate: changing instructors or grading policies can reduce its coverage.

8 earlier forecasts · 0.06 GPA average error.

Grades over time

Through Fall 2026

More grade details Grade mix, volume & source data

Where this course fits relative to

Latest available grades · Spring 2026 · all course levels

GPA

Higher than % of other courses in this group.

Course GPAs · red marks this course’s range

letter grades

More recorded grades than % of other courses in this group.

Typical course in this group: letter grades.

About this comparison

1283 courses over the same term, each with at least 30 recorded letter grades. Cross-listed courses count once. GPA is not a measure of difficulty or teaching quality. The typical course is the median by recorded grade count; tied values are not counted as lower. Grade counts describe course scale, not unique students or typical section size.

Descriptions compare GPA with this group’s average: at least 0.20 higher or lower; otherwise close to average. Section size uses median recorded enrollment: small up to 30, mid-sized 31–99, large 100+. Lectures and discussion/lab sections are described separately.

Sources & history

UW–Madison

Catalog & offerings

Descriptions, prerequisites, and recorded course offerings.

Catalog observation history

Observations at scan time; dates do not imply when a catalog change took effect.

Selected offering source records
FINANCE 330 · Fall 2026

Derivative Securities

Recorded 2026-09-07
Raw records
[
  {
    "run_id": "20260907T155543-ce3781c4",
    "semester": "1272",
    "observed_at": "2026-09-07 15:55:43.033547+00:00",
    "offering_id": "1272:233:022619",
    "course_id": "FINANCE 330",
    "course_uid": "course_d521fad56be74c680dda616a",
    "term_id": "1272",
    "source_course_id": "022619",
    "source_subject_id": "233",
    "title": "Derivative Securities",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Fall, Spring"
  }
]
Rate My Professors

Student reviews

Original comments behind the course and instructor summaries.

Read original reviews
Madgrades

Grade history

Recorded grade distributions by term, section, and instructor.

Explore recorded grades
Model outputs & technical records
nvidia/Qwen3.6-35B-A3B-NVFP4
LLM outputs across runs
Full model traces

Recorded model configuration, reasoning, and tool conversations.

Model & dataset provenance
{
  "model": "nvidia/Qwen3.6-35B-A3B-NVFP4",
  "model_revision": "1355db6a052410cfd62085d94b58866fd0f2c3c5",
  "task_version": "14",
  "output_id": "1503019693bf605d87320935e73bf4ef99b2eb6d7c231fc1144e4c437249a351",
  "requirements_status": "needs_review",
  "dataset_revision": "e243353dcb7d79b7247ced91d69443ef4c2a6349",
  "observed_at": "2026-09-07 15:55:43.033547+00:00"
}