Visual Basic for Applications, Excel’s powerful built-in programming language, permits you to easily incorporate user-written functions into a spreadsheet. 1 You can easily calculate Black-Scholes and binomial option prices, for example. Lest you think VBA is something esoteric which you will never otherwise need to know, VBA is now the core macro language for all Microsoft’s office products, including Word. It has also been incorporated into software from other vendors. You need not write complicated programs using VBA in order for it to be useful to you. At the very least, knowing VBA will make it easier for you to analyze relatively complex problems for yourself.
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