MATH 373(S) Investment Mathematics (Q)
Over the years financial instruments have grown from stocks and bonds to numerous derivatives, such as options to buy and sell at future dates under certain conditions. The 1997 Nobel Prize in Economics was awarded to Robert Merton and Myron Schloles for their Black-Scholes model of the value of financial instruments. This course will study deterministic and random models, futures, options, the Black-Scholes Equation, and additional topics.
Format: lecture/discussion. Evaluation will be based on homework, classwork, and exams.
Prerequisites: Mathematics 211 or permission of instructor. No enrollment limit (expected: 20).
Hour: MORGAN