Undergraduate Course: Financial Mathematics (MATH10003)
Course Outline
| School | School of Mathematics |
College | College of Science and Engineering |
| Course type | Standard |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Credits | 10 |
| Home subject area | Mathematics |
Other subject area | Specialist Mathematics & Statistics (Honours) |
| Course website |
https://info.maths.ed.ac.uk/teaching.html |
Taught in Gaelic? | No |
| Course description | Optional course for Honours Degrees involving Mathematics and/or Statistics; stipulated course for Honours in Economics and Statistics. Syllabus Summary: Revision of random variables, expectation, variance, covariance and correlation. Binomial distribution. Properties of Normal random variables and the central limit theorem. Time value of money, compound interest rates and present value of future payments. Interest income. The equation of value. Annuities. The general loan schedule. Net present values.Comparison of investment projects Option pricing techniques in discrete and continuous time. Black-Scholes option pricing formula. |
Information for Visiting Students
| Pre-requisites | None |
| Displayed in Visiting Students Prospectus? | Yes |
Course Delivery Information
|
| Delivery period: 2011/12 Semester 1, Available to all students (SV1)
|
WebCT enabled: Yes |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| King's Buildings | Lecture | Th B, JCMB | 1-11 | | | | 14:00 - 15:50 | |
| First Class |
Week 1, Thursday, 14:00 - 15:50, Zone: King's Buildings. Th B, JCMB |
| Exam Information |
| Exam Diet |
Paper Name |
Hours:Minutes |
|
|
| Main Exam Diet S2 (April/May) | | 2:00 | | | | Resit Exam Diet (August) | | 2:00 | | |
|
| Delivery period: 2011/12 Semester 1, Part-year visiting students only (VV1)
|
WebCT enabled: No |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| King's Buildings | Lecture | Th B, JCMB | 1-11 | | | | 14:00 - 15:50 | |
| First Class |
Week 1, Thursday, 14:00 - 15:50, Zone: King's Buildings. Th B, JCMB |
| Exam Information |
| Exam Diet |
Paper Name |
Hours:Minutes |
|
|
| Main Exam Diet S1 (December) | Financial Mathematics (Visiting Student) | 2:00 | | |
Summary of Intended Learning Outcomes
1. Knowledge of basic financial concepts.
2. Ability to apply basic probability theory in financial models.
3. Introduction to actuarial mathematics.
4. Introduction to basic financial derivative instruments.
5. Introduction to option pricing in discrete time.
6. Familiarity with the Black-Scholes formula.
|
Assessment Information
Examination only.
Visiting Student Variant Assessment
Examination (100%) |
Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
Not entered |
| Transferable skills |
Not entered |
| Reading list |
http://www.readinglists.co.uk |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | FiM |
Contacts
| Course organiser | Dr Sotirios Sabanis
Tel: (0131 6)50 5084
Email: S.Sabanis@ed.ac.uk |
Course secretary | Mrs Kathryn Mcphail
Tel: (0131 6)50 4885
Email: k.mcphail@ed.ac.uk |
|
© Copyright 2011 The University of Edinburgh - 16 January 2012 6:24 am
|
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