This is a markets-oriented survey of derivatives usage. The two major markets covered are equities and commodities. In the equity markets the focus will be on the S&P 500 options market and the VIX. The commodity focus will be on the energy markets of crude oil, its refined products and natural gas. The course will end with a focus on risk management. Enrollment Requirements: Requires prerequisite course of FNCE 4040 (minimum grade D-). Restricted to BUSN majors and 52-180 credit hours.