Introduction to Mathematical Finance
Statistics · 3 hrs Lecture
Offering schedule: contact department
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STAT-2413 prerequisites
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any one of
Pre-Calculus Mathematics 40S
Applied Mathematics 40S
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
any one of
Pre-Calculus Math 40S
Applied Math 40S
any one of
Pre-Calculus Mathematics 40S
Applied Mathematics 40S
any one of
Pre-Calculus Mathematics 40S
Applied Mathematics 40S
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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)].
Restrictions
Students may not hold credit for this course and MATH-2413.
From the 2026-27 undergraduate calendar. Always verify details on WebAdvisor or with an academic advisor before registering.