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Description
This module aims to introduce students to the principles of 鈥淔inancial Engineering鈥� and discuss how it links with classes of problems commonly met in traditional engineering applications. Students will strengthen their knowledge of the mathematical techniques discussed in previously taken mathematics modules and they will apply these to the solution of problems in finance.
Upon completion of the course, a student should be able to:
- Recognise the connections between mathematics, engineering and how mathematical ideas are embedded in a Financial Engineering context;
- Understand the basic concepts of Quantitative Finance & Financial Econometrics
- Perform basic calculations using Quantitative Finance/Economics techniques
- Understanding difference equations and their usage in Finance and Economics as well as obtaining their solutions using Laplace transforms.
- Modelling long-term relationships between prices and exchange rates.
- Relate the behavior of the output of mathematical models to the underlying conceptual models of interest
- Present and interpret quantitative results in effective and appropriate ways to varied audiences, including non-mathematical or engineering audiences.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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