Last modified: 22 May 2019 17:07
Financial mathematics is a fundamental tool in modeling problems in economics and finance. The tools and techniques are employed by almost all large financial institutions in order to obtain predictive models of the market. It is also a necessary tool in actuarial science. The course enhances problem solving and abstraction skills.
|Session||First Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
|Campus||Old Aberdeen||Sustained Study||No|
The course is an introduction to financial mathematics, a branch of Mathematics which deals with mathematical models of financial markets. The course will cover the discrete time models of financial markets. The topics will include: binomial models, risk free assets, portfolio management, forward and future contracts, the principle of no arbitrage.
If time permits, continuous time models will also be discussed.
This course alternates with MX4086 Optimisation Theory.
Information on contact teaching time is available from the course guide.
There are no assessments for this course.
Within 2 weeks of assessment.
Notes left on exam scripts to indicate correctness of solutions.