DERIVATIVES by SUNDARAM is an English-language textbook, suitable for students in higher education within economics and financial markets. This book addresses the theory and practice of derivatives, aiming at a deep understanding of pricing and hedging.
Throughout the book, it is carefully explained what lies behind the formal mathematics, with attention to questions such as 'how are forward prices determined?' and 'why does the Black-Scholes formula have this specific form?'. The authors use verbal and pictorial expositions, and sometimes simple mathematical models, to clearly elucidate underlying principles before the formal analysis follows.
In addition, consistent use is made of numerical examples throughout the text, which enhances accessibility and insight. This textbook aligns in content with topics such as Investment and Securities and Business & Economics.