MSc Risk and Stochastics

Students take five compulsory half unit courses and one and a half units of optional courses.

Paper

Course number and title

1

ST409

Stochastic Processes (H)

ST427

Insurance Mathematics (H)

3

ST433

Computational Methods in Finance and Insurance (H)

4

ST439

Stochastics for Derivatives Modelling (H)

5

ST440

Recent Developments and Finance and Insurance (H)

6

One of the following: 

 

MA411

Probability and Measure (H)

MA415

The Mathematics of the Black and Scholes Theory (H)

MA416

The Foundations of Interest Rate and Credit Risk Theory (H)

MA420

Quantifying Risk Modelling and Alternative Markets (H)

ST422

Time Series (H)

ST426

Applied Stochastic Processes (H)

ST429

Probabilistic Methods in Risk Management and Insurance (H)

ST435

Advanced Probability Theory (H)

ST436

Financial Statistics (H)

ST441

Introduction to Markov Processes and Their Applications (H)

7 & 8

Two of the following:

 

FM404

Forecasting Financial Time Series (H)

FM441

Derivatives (H) 

FM442

Quantitative Methods for Finance and Risk Analysis (H)*

MA409

Continuous Time-Optimisation (H) (n/a 13/14)

Further half unit(s) from those courses listed under paper 6 above.

Further half unit(s) from other appropriate MSc courses, subject to the approval of the Programme Director and the Teacher responsible for the course.

Notes

* Students taking this course can apply for a place on FM457 MATLAB for MSc Students, a non-assessed computer course.

Students can also take MA422 Research Topics in Financial Mathematics, a non-assessed course taken in addition to the required five compulsory half unit courses and one and a half units of optional courses detailed above.