Financial Theory 1 - Forward and Futures Contracts I

This video lecture covers the motivation, definition, features, and examples of forward and futures contracts in light of the uncertainty of exchange rates, illiquidity, and counterparty risk.

PDF of Slides:
https://ocw.mit.edu/courses/sloan-school-of-management/15-401-finance-theory-i-fall-2008/video-lectures-and-slides/MIT15_401F08_lec08.pdf