MATH 329 - Introduction to Financial Mathematics (3 credits)

(Prereq: MATH 161) Required for a minor. This course aims to introduce students to three major areas of mathematical finance that all have an enormous impact on the way modern financial markets operate. In particular, two Nobel Prize winning theories: Black-Scholes’ arbitrage pricing of options and other derivative securities, and Markowitz portfolio optimization theory and the Capital Asset Pricing Model. Time permitting students will study interest rates and their term structures. F.