Postgraduate Mathematics Preparation
Essex Business School
Postgraduate: Level 7
Thursday 05 October 2023
Friday 15 December 2023
26 June 2023
Requisites for this module
MSC N42012 Accounting and Finance,
MSC N42024 Accounting and Finance,
MSC N31012 Banking and Finance,
MSC N31024 Banking and Finance,
MSC N30012 Finance,
MSC N30024 Finance,
MSC N39012 Finance and Investment,
MSC N39024 Finance and Investment,
MSC N30212 Finance and Management,
MSC N30224 Finance and Management,
MSC N34212 Financial Engineering and Risk Management,
MSC N34224 Financial Engineering and Risk Management,
MSC N35112 Finance and Global Trading,
MSC N3C112 Financial Technology (Finance),
MSC N3C124 Financial Technology (Finance),
PHD N30048 Finance,
PHD N30084 Finance,
MACCN440 Accounting and Finance,
MACCN441 Accounting and Finance (Including Placement Year),
MACCN442 Accounting and Finance (Including Year Abroad)
This modiles aims to cover topics in mathematics that are likely to be required in finance modules at Master's level at Essex Business School. It focuses on basic algebra, compounding and discounting, calculus, and some optimization. Little or no previous knowledge will be assumed for this part.
This module also aims to give an overview of the mathematical tools that are used in financial journal articles. This involves linear algebra, optimisation and optimal control theory, and integration and differential equations. Previous knowledge is useful, but it is not expected that the students should master the techniques covered in this module. It is nonetheless useful that the students gain a basic understanding of the tools used in the finance literature.
The aims of this module are:
- To revise or teach basic mathematical skills required in finance modules at Master's level at EBS.
- To introduce mathematical tools commonly used in finance journal articles.
By the end of the module, students should be able to:
* Solve basic algebraic problems
* Calculate present and future values
* Handle nonlinear functions
* Differentiate functions to find marginal values
* Identify the minimum and maximum points of functions
* Understand the basics of optimisation under uncertainty
* Understand differentiation and integration
Skills for Your Professional Life (Transferable Skills)
The mathematical techniques taught during the module will be useful not only during your Master's programme and future academic activities, but also in your professional life.
* Some of the methods taught will be directly applicable in professional financial roles
* More generally the mathematical skills you obtain in the course will help with problem solving tasks in professional life
This module is compulsory for finance degree students on the MSc Banking, MSc Banking and Finance, MSc Finance, MSc Finance and Investment, MSc Financial Engineering and Risk Management, MSc International Finance programmes and MSc Finance and Data Analytics; and and for the MSc Accounting and Finance and MSc Finance and Management programmes.
This module will be delivered via:
- One 2-hour lecture per week.
- One 1-hour class per week.
Students will be allocated to a specific class and attendance at classes is compulsory and will be monitored.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
|Coursework / exam
||On-line Formative Assessment
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Contact your department for more information.
Contact your department for more information.
Module supervisor and teaching staff
Dr Norvald Instefjord, email: firstname.lastname@example.org.
Dr Norvald Instefjord
No external examiner information available for this module.
Available via Moodle
Of 18 hours, 15 (83.3%) hours available to students:
0 hours not recorded due to service coverage or fault;
3 hours not recorded due to opt-out by lecturer(s), module, or event type.
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