BSFM Learning Goals

LEARNING GOALS OF PROGRAM:

Upon completion of the major, students will be able to:

1. Solve problems requiring elements of calculus: differentiation, infinite processes, and integration for the study of financial mathematics.
2. Model real situations that involve questions of probability in mathematical form and to identify and apply such techniques as are adapted to solving the resulting mathematical problems; analyze complex mathematical and financial models by using numerical methods.
3. Solve problems in mathematical statistics involving quantitative approaches to inference: to structure tests of hypotheses, to determine confidence levels for the results, and to assess distributions of values.
4. Solve problems involving the mathematics of finance: finite difference methods, simulation, pricing of different types of options, and arbitrage pricing theory.
5. Solve problems requiring a knowledge of one or more elective areas, such as computer programming; stochastic processes; the application of principles of probability to finance.
6. Make financial decisions through the use of probabilistic models, simulation, stochastic calculus, and data analysis.