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Course Description
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Course Name
Fundamentals of Financial Mathematics
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Host University
University of Limerick
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Location
Limerick, Ireland
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Area of Study
Finance, Mathematics
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Language Level
Taught In English
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Course Level Recommendations
Upper
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
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ECTS Credits
6 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units4
Hours & Credits
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Overview
Rationale And Purpose Of The Module:
To give the student the fundamental theory of stochastic calculus as used to model the evolution of asset prices and as applied to the pricing of derivative securities etc.
To give the student the fundamental tools of pricing, such as arbitrage and the use of hedging in the construction of replicating portfolios.
Course Disclaimer
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.