### Mathematics of Finance (BSc.)

#### Programme Overview

#### Programme Objectives

#### Admission Requirements

In order to do the **BSc. Mathematics of Finance Degree**, candidates must satisfy the requirements for entrance to the Faculty of Science and Technology, they must:

**Either:**

- Satisfy the University requirements for Normal Matriculation.
- Have obtained passes at CSEC Secondary Education General Proficiency Level (or equivalent) in Mathematics and two subjects at CAPE (both comprising Units 1 & 2) or at GCE A-Level (or equivalent) one of which must be an approved science subject.

**OR:**

- Satisfy the University requirements for Lower Level Matriculation.
- Have obtained passes at CSEC Secondary Education General Proficiency Level with grades I, II, or since 1998 grade III (or equivalent) in Mathematics and two approved science subjects.

In addition to the Faculty requirements, candidates must have gained a grade I, II or III in CAPE Mathematics, Units 1 & 2.

#### Programme Structure

During the first year, students are introduced to Mathematics, Computer Science, Economics and Accounting. In the second year, the courses include Pure Mathematics, Financial Mathematics, Actuarial Mathematics and Financial Management. In the final year, students focus on models for financial economics, monetary and policy, the financial markets, regression analysis and time series models. The course requirements and structure are as follows:

**LEVEL I: Thirty three (33) credits as follows:**

MATH1141 - Introduction to Liner Algebra & Analytic Geometry

MATH1142 - Calculus I

ECON1001 - Introduction to Microeconomics

ACCT1005 - Introduction to Financial Accounting

COMP1126 - Introduction to Computing I

COMP1127 - Introduction to Computing II

MATH1151 - Calculus II

MATH1152 - Introduction to Formal Mathematics

ECON1002 - Introduction to Macroeconomics

ACCT1003 - Introduction to Cost & Management Accounting

PH10B - Ethics and Applied Ethics

**LEVEL II: Thirty (30) credits as follows:**

MATH2401 - Elements of Mathematical Analysis

MATH2404 - Introduction to Probability Theory

MATH2410 - A first course in Linear Algebra

MATH2701 - Financial Mathematics I

MATH2407 - Stochastic Modelling

MATH2420 - Ordinary Differential Equations

MATH2403 - Multivariate Calculus

MGMT2023 - Financial Management I

MGMT2068 - Risk & Treasury Management

STAT2001 - Inferential Statistics

**LEVEL III: Twenty seven (27) credits as follows:**

MATH3801 - Financial Mathematics II

MATH3802 - Evaluation of Actuarial Models

MATH3803 - Models for Financial Economics

MATH3423 - Research Project

MGMT3048 - Financial Management II

STAT3001 - Regression Analysis

STAT3002 - Time Series

ECON3005 - Monetary Theory & Policy

ECON3072 - Financial Markets

**Plus nine (9) credits from the following 3-credits Elective courses:**

MATH3414 - Selected Topics in Operations Research

MATH3410 - Advanced Linear Algebra

MATH3421 - Partial Differential Equations

MATH3424 - Numerical Methods

COMP3161 - Database Management Systems

ECON2002 - Intermediate Macroeconomics I

ECON2003 - Intermediate Macroeconomics II

**Plus nine (9) Foundation Courses credits**

#### Careers after Graduation

**Career paths for the degree in Mathematics of Finance includes:**

Portolio Management

Financial Advisor

Security Analyst

Financial Analyst