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MATH 423

Mathematics of Finance

3 credits · Undergraduate credit

An introduction to mathematical models used in finance and economics with particular emphasis on models for pricing derivative instruments such as options and futures. Topics include risk and return theory, portfolio theory, capital asset pricing model, random walk model, stochastic processes, Black-Scholes Analysis, numerical methods and interest rate models.

Topics

Topics explicitly listed in official catalogue description

Prerequisites & course information

MATH 425 or 525 and MATH 217; EECS 183 or equivalent. (3). (BS). May not be repeated for credit. CREDIT GRANTED FOR ONLY ONE COURSE FROM IOE 453/MFG 456 AND MATH 423.

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