Last modified: 24 Oct 2022 14:00
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.
| Study Type | Undergraduate | Level | 4 |
|---|---|---|---|
| Term | First Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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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.
Syllabus
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Notes left on exam scripts to indicate correctness of solutions. |
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| Knowledge Level | Thinking Skill | Outcome |
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| Assessment Type | Summative | Weighting | 50 | |
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| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
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There are no assessments for this course.
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Pass marks carried forward |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Pass marks carried forward |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Knowledge Level | Thinking Skill | Outcome |
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| Factual | Remember | ILOs for this course can be found in the course guide |
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