Nov 22, 2024  
2020-2021 Academic Catalog 
    
Catalog Navigation
  Catalog Home
  Archived Catalogs
  Schools and Departments
  Undergraduate Degree Programs
  Graduate Degree Programs
  Course Prefix Identification and Coding Rationale
  Courses
  The University
  Student Finance
  University Calendar
  Libraries and Learning Technologies
  Academic Support Services
  AUC Press
  Undergraduate Admissions
  First-Year Program (FYP) Orientation
  Undergraduate Studies
  The Core Curriculum
  Academic Advising Center
  Undergraduate Academic Requirements & Regulations
  Graduate Admissions
  Graduate Academic Requirements & Regulations
  Research
  Community Based Learning
  Continuing Education and Training Programs
  Leadership
  Facts and Figures
  Catalog PDF Extract
  My Portfolio
HELP
2020-2021 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 - Introduction to Financial Mathematics (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.