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