Postgraduate Mathematics Preparation
Essex Business School
Postgraduate: Level 7
Thursday 03 October 2019
Saturday 14 December 2019
24 September 2019
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 N30112 International Finance,
MSC N30124 International Finance,
PHD N30048 Finance
There are two key aims of this module. The first is 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.
The second is 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.
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.
• 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
No additional information available.
The course will be delivered via a 2-hour lecture and a 1-hour class each 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.
Assessment items, weightings and deadlines
|Coursework / exam
Module supervisor and teaching staff
Dr Norvald Instefjord
Dr Nikolaos Papanikolaou
Senior Lecturer in Accounting & Finance
Available via Moodle
Of 30 hours, 23 (76.7%) hours available to students:
7 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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