_An Introduction to the Mathematics of Financial Derivatives _is a popular, intuitive text that eases the transition between basic summaries of financial engineering to more advanced treatments using stochastic calculus. Requiring only a basic knowledge of calculus and probability, it takes readers on a tour of advanced financial engineering. This classic title has been revised by Ali Hirsa, who accentuates its well-known strengths while introducing new subjects, updating others, and bringing new continuity to the whole. Popular with readers because it emphasizes intuition and common sense,_ An Introduction to the Mathematics of Financial Derivatives _remains the only "introductory" text that can appeal to people outside the mathematics and physics communities as it explains the hows and whys of practical finance problems. * Facilitates readers' understanding of underlying mathematical and theoretical models by presenting a mixture of theory and applications with hands-on learning * Presented intuitively, breaking up complex mathematics concepts into easily understood notions * Encourages use of discrete chapters as complementary readings on different topics, offering flexibility in learning and teaching