MTHÂ 558. Financial Mathematics I-Discrete Model. 3 Hours
Discrete methods in financial mathematics. Topics include introduction to financial derivatives, discrete probability theory, discrete stochastic processes (Markov chain, random walk, and Martingale), binomial tree models for derivative pricing and computational methods (European and American options), forward and futures, and interest rate derivatives.
Prerequisite(s): MTH 411 or equivalent.


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