MATH-24133 credit hours

Introduction to Mathematical Finance

Mathematics · 3 hrs Lecture

Offering schedule: contact department

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MATH-2413 prerequisites

8 courses appear in this chain, up to 2 levels deep. Every route through it involves a choice, so nothing is forced.

Part of this course's requisite text couldn't be parsed into structure, so the chain below may be incomplete. The full wording is under “Requisite courses”.

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all of

any one of

MATH-1201Linear Algebra I

any one of

Pre-Calculus Mathematics 40S

Applied Mathematics 40S

MATH-0042Mathematics Access II

any one of

A minimum grade of 65% in Pre-Calculus 30S

a minimum grade of C+ in MATH-0041

permission of the Department Chair

STAT-1301Statistical Analysis I

any one of

Pre-Calculus Math 40S

Applied Math 40S

STAT-1401Statistics I for Business and Economics

any one of

Pre-Calculus Mathematics 40S

Applied Mathematics 40S

STAT-1501Elementary Biological Statistics I

any one of

Pre-Calculus Mathematics 40S

Applied Mathematics 40S

any one of

MATH-1103Introduction to Calculus I

any one of

Pre-Calculus Mathematics 40S

MATH-0042Mathematics Access IImin C

Its prerequisites are shown above.

the former MATH-0040

MATH-1101not in the 2026-27 calendar

MATH-1102not in the 2026-27 calendar

Add your completed courses to see which of these you've already done and what you could take next. They stay on this device.

Where MATH-2413 counts

Required by 2 programs:

STAT 4-YEAR BA/BSc IN STATISTICS
STAT 4-YEAR BA/BSc IN STATISTICS

Counts toward 3 more as one option among several, not as a course you must take:

EFIN 4-YEAR BA IN ECONOMICS AND FINANCE
EFIN 4-YEAR BBA IN ECONOMICS AND FINANCE
STAT 3-YEAR BA/BSc IN STATISTICS

Read from the departments' own calendar pages, where 71 of 141 programs are only partly machine-readable, so treat these as a minimum rather than the full list. Confirm with an academic advisor.

Description

This course gives an introduction to the mathematics of finance, an area of applied mathematics concerned with financial markets. Topics include present value analysis; geometric Brownian motion and its suitability as a model of stock prices; option pricing; the Arbitrage Theorem; derivations of the Black-Scholes formula; and portfolio selection. The approach emphasizes underlying mathematical tools and their derivation.

Requisite courses

MATH-1201, either STAT-1301, STAT-1401 or STAT-1501, and either MATH-1103, MATH-1101, or MATH-1102 [prerequisite(s)].

Lecture

From the 2026-27 undergraduate calendar. Always verify details on WebAdvisor or with an academic advisor before registering.