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MT4551 Financial Mathematics

SCOTCAT credits:15
Academic year(s):2017/8
SCQF Level 10
Planned timetable:10.00 am Mon (odd weeks), Wed and Fri

Students are introduced to the application of mathematical models to financial instruments. The course will include an overview of financial markets and the terminology in common usage but the emphasis will be on the mathematical description of risk and return as a means of pricing contracts and options.

Place in programme(s) and relationship to other modules


Optional for all programmes in the School of Mathematics & Statistics.

UG Pre-requisite(s):(MT2001 or MT2503) and (MT1007 or MT2004 or MT2504 or EC2003) and MT3504
UG Modules required for:MT5812

Learning and teaching methods and delivery

Weekly contact:2.5 lectures (weeks 1 - 10) and 1 tutorial (weeks 2 - 11).
Total module hours:
  • Scheduled learning: 35
  • Guided independent study: 115

Assessment pattern

UG As defined by QAA:
  • Written examinations: 100%
  • Practical examinations: 0%
  • Coursework: 0%
UG As used by St Andrews:2-hour Written Examination = 100%
UG Re-assessment:2-hour Written Examination = 100%


Module coordinator:Prof D H Mackay
Module teaching staff:Prof D H Mackay