Difference between revisions of "Math 435: Mathematical Finance"

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== Desired Learning Outcomes ==
 
== Desired Learning Outcomes ==
 +
The minimal expectation for this course is that students learn about mathematical finance ''in the context of discrete time and finite state-spaces.''  It is therefore not required that students be taught about Brownian motion, the Black-Scholes model, etc.
  
 
=== Prerequisites ===
 
=== Prerequisites ===
 
 
Students should have had an introductory course in probability.
 
Students should have had an introductory course in probability.
  

Revision as of 15:25, 15 July 2010

Catalog Information

Title

Mathematical Finance.

(Credit Hours:Lecture Hours:Lab Hours)

(3:3:0)

Offered

W

Prerequisite

Math 431.

Description

The binomial asset pricing model (discrete probability). Martingales, pricing of derivative securities, random walk in financial models, random interest rates.

Desired Learning Outcomes

The minimal expectation for this course is that students learn about mathematical finance in the context of discrete time and finite state-spaces. It is therefore not required that students be taught about Brownian motion, the Black-Scholes model, etc.

Prerequisites

Students should have had an introductory course in probability.

Minimal learning outcomes

Additional topics

Courses for which this course is prerequisite

None.