Nov 23, 2024  
2014-2015 Academic Catalog 
    
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2014-2015 Academic Catalog [Published Catalog]

Financial Mathematics Minor

This interdisciplinary Minor in Financial Mathematics program allows non-mathematics majors to obtain a basic understanding of how modern mathematics is being applied across a wide spectrum of the financial service industry - investment banks, hedge funds, consulting firms, investment firms, insurance companies, commercial banks, brokerage houses and other corporations.

Course Structure

To be awarded a minor in Financial Mathematics, a student must successfully complete the following 15 credits:

  1. MACT 132/1122 - Calculus II (3 cr.)  (Students may be exempted from the MACT 131 requirement based on high school certificate and score in mathematics or by passing a placement examination.)
  2. MACT 231/2123 - Calculus III (3 cr.) 
  3. MACT 321/3311 - Mathematics of Investment (3 cr.) 
  4. MACT 421/4312 - Mathematics of Derivatives Pricing I (3 cr.) 
  5. MACT 422/4313 - Mathematics of Derivatives Pricing II (3 cr.) 

Students are reminded to work out a feasible study plan for the 5 courses in this minor requirement. In particular, they need to ensure that they have sufficient number of semesters left in the candidature to complete the courses and to note that MACT3311, MACT4312 and MACT4313 are only offered once a year.


This minor is not awarded with the majors in Mathematics or Actuarial Science.