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Financial Mathematics

When you'll study it
Semester 1
CATS points
15
ECTS points
7.5
Level
Level 7
Module lead
Gerard Kennedy
Academic year
2021-22

Module overview

This module provides a solid mathematical introduction to the subject of Compound Interest Theory and its application to the analysis of a wide variety of complex financial problems, including those associated with mortgage and commercial loans, the valuation of securities, consumer credit transactions, and the appraisal of investment projects. The investment and risk characteristics of the standard asset classes available for investment purposes are also briefly considered, as is the topic of asset-liability matching. The module also provides introductions to the term structure of interest rates, simple stochastic interest rate models, the concept of no-arbitrage pricing of forward contracts, and behavioural economics.

Pre-requisite for MATH6127

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