University of St Andrews - Scotland's first university, founded 1413

Module Catalogue

For information on which modules are specific to your programme, please see : Programme requirements index 2019-2020.

Curricular information may be subject to change.

MT4551 Financial Mathematics

Academic year(s): 2019-2020

Key information

SCOTCAT credits : 15

ECTS credits : 7

Level : SCQF level 10

Semester: 2

Availability restrictions: Not automatically available to General Degree students

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.

Relationship to other modules

Pre-requisite(s): Before taking this module you must pass MT2503 and ( pass MT1007 or pass MT2504 or pass EC2203 ) and pass MT3504

Learning and teaching methods and delivery

Weekly contact: 2.5 lectures (weeks 1 - 10) and 1 tutorial (weeks 2 - 11).

Assessment pattern

As used by St Andrews: 2-hour Written Examination = 100%

Re-assessment: 2-hour Written Examination = 100%

Personnel

Module coordinator: Professor D H Mackay
Module teaching staff: Professor Duncan Mackay