MATH 435
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Mathematical Finance
Mathematics
College of Computational, Mathematical, & Physical Sciences
Course Description
The binomial asset pricing model (discrete probability). Martingales, pricing of derivative securities, random walk in financial models, random interest rates.
When Taught
Winter Even Years
Min
3
Fixed/Max
3
Fixed
3
Fixed
0
Other Prerequisites
Math 431
Title
The binomial asset pricing model (discrete probability)
Learning Outcome
The minimal expectation for this course is that students learn about mathematical finance in the context of discrete time and finite state-spaces. It is therefore not required that students be taught about Brownian motion, the Black-Scholes model, etc. For more detailed information visit the Math 435 Wiki page.
