Skip to Content

MX5012: DISCRETE TIME MODELS (2021-2022)

Last modified: 31 May 2022 13:05

Course Overview

The course is a part of the MSc programme in Financial Technology and provides students with the theoretical and practical skills related to discrete time models of financial markets. It introduces basic notions and mathematical methods related to financial markets and it is concerned with mathematical models in discrete time.

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
  • Professor Jaroslaw J. Kedra

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


Course Description

The course introduces the basic discrete time models of financial markets. The course combines financial motivation with mathematical rigour and it covers subjects including: option pricing based on the no-arbitrage principle in discrete time setting, portfolio management, forward and future contracts and other topics.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers

Details, including assessments, may be subject to change until 31 August 2023 for 1st half-session courses and 22 December 2023 for 2nd half-session courses.

Summative Assessments

First Attempt

Two homework projects:

Aseessment 1 (40%)

Aseessment 2 (60%)

Alternative Resit Arrangements

Resubmission of failed elements (pass marks carried forward)

Formative Assessment

Informal feedback will be provided in class. Students will be encouraged to submit written work for an informal feedback as well.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

Compatibility Mode

We have detected that you are have compatibility mode enabled or are using an old version of Internet Explorer. You either need to switch off compatibility mode for this site or upgrade your browser.