MATH 363 — Introductory Concepts in Financial Mathematics-Prerequisite
Mathematics · University of Ghana
MATH 223, STAT 221 This course introduces the basic methods applied in financial mathematics. We will discuss probability functions, stochastic processes, random walks and martingales; Ito's lemma and stochastic calculus. Students will understand the stochastic differential equations for a geometric Brownian motion process. We will study mean reverting models such as the Ornstein- Uhlenbeck process, as well as stochastic volatility models such as the Heston Model. Stochastic models for stock pricing are also discussed; we study a binomial option pricing model, the Black-Scholes model and the capital asset pricing model.
- Credits
- 3
- Level
- Level 300
- Semester
- Semester One
Other courses on this programme
- MATH 350 — Differential Equations I-Prerequisite MATH 223
- MATH 351 — Linear Algebra-Prerequisite MATH 224
- MATH 353 — Analysis I-Prerequisite MATH 223
- MATH 354 — Abstract Algebra I-Prerequisite MATH 224
- MATH 355 — Calculus of Several Variables-Prerequisite MATH 223
- MATH 356 — Analysis II-Prerequisite MATH 223
- MATH 358 — Computational Mathematics I-Prerequisite MATH 220
- MATH 359 — Discrete Mathematics-Prerequisite MATH 224
- MATH 361 — Classical Mechanics -Prerequisite MATH 222
- MATH 362 — Analytical Mechanics- Prerequisite MATH 222
- MATH 366 — Electromagnetic Theory I-Prerequisite MATH 222
- MATH 368 — Introductory Number Theory-Prerequisite MATH 224
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Start freeCourse details from University of Ghana Volume 3 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Sciences (2017).