Department of mathematics, hong kong university of science. A study of mathematics etextbook usage in hong kong primary school wilton w. After taking this course, one should be able to fully understand noarbitrage theory, thscholes equation, riske blackneutral probability and martingales. Hku overall refers to the figure for the total hku population and includes m. Mathematics,economics and finance non mathematics courses for students who are interested in economics and finance, and plan to take some professional examinations in related fields.
English language, mathematics 6781 bachelor of business administration bachelor of business administration in accounting and finance bba bba. The university of hong kong hku as a public funded university, almost 60% of the recurrent income of the university is borne by the hong kong sar government, while the balance is either covered by tuition fees, various kinds of grants or interest and investment income. After taking this course, one should be able to fully understand noarbitrage theory, the blackscholes equation, riskneutral probability and martingales. These subjects are of a diverse character, ranging from abstract mathematical theory, through statistical methodology to practical application in many other fields including actuarial science. This major emphasizes the application of mathematics, computer programming, and.
Hull an elementary introduction to mathematical finance sheldon m heard on the street. Students of creditbearing programmes can apply a transcript stated with hku credits, please contact your home institution about the issue related to hku credits recognition. Game options analysis of the information role of call policies in convertible bonds, applied mathematical finance, vol. The course on mathematical finance gives an introduction to this interesting and growing area. Interacting default intensity with a hidden markov process. University of leicester master of science in finance the msc in finance will develop your understanding of the concepts of finance and the role of financial management in a variety of organisations and sectors.
Advanced diploma in finance investment hku school of. Basic mathematics for business and economics or math1011 university mathematics i or. Economics seminar coordinator, school of economics and finance, hku, june 2012 june 2015. He mainly targets the mathematically sounded crowd that knows probability and stochastic concepts but is not familiar with its application in finance. The qs world ranking by subject for hku statistics rose from 26th in 2011 to 20th in 2017 hku is ranked no. Topics in optimal stopping with applications in mathematical finance. To facilitate research into financial mathematics, samsi offered a semester long program in financial mathematics, statistics, and econometrics. Double master degree, msc in mathematics finance by hkbu and. The estates office serves the university in campus planning and development, project management and facility management functions. This major emphasizes the application of mathematics, computer programming, and statistics to financial problems such as asset pricing and trading, portfolio management, financial engineering, and risk management. This programme aims to provide strong fundamental knowledge and training in studies of financial services.
This syllabus applies to candidates admitted to the first year of study of the 4year. Ug math2822 mathematical methods for actuarial science ii 6 ug math3002 mathematics seminar 6 ug math3301 algebra i 6. Qs world university ranking please select asia for location in the 2020 times higher education world university rankings, hku ranks no. The book is an extraordinarily intelligent work of loannis about mathematical finance. Also, a powerful and free software scilab would be taught and used to study models in physics, chemistry, biology, ecology and management. The bachelor of science, quantitative finance programme bscqfin is a premium finance programme. Rapid technological advances combined with ever heightening customer expectations require. The model provides analytical formulas for an equity premium and a more general pricing kernel that links the physical and risk. The msc program in financial mathematics mafm has recently been highlighted in s guide to the worlds leading quantitative finance masters programs. International conference of computing in economics and finance, 20. It is specifically designed for students who are interested in the above subjects and those whose majors require sophisticated mathematical skills. Mathematics and statistics for daily life applications. A dmissions decisions are generally available in eight weeks after the application deadline and successful applicants will be notified by email.
Mfin7003 mathematical techniques in finance 6 credits there are three main approaches to mathematical finance. The course covers the following fundamental topics in. Kwok, signaling game models of equity financing under information. Mathematical finance mathematical finance is the study of the mathematical models of financial markets. In any case, students are strongly recommended to make their own insurance arrangements throughout the entire period of. Stanford conference in quantitative finance in hong kong, the seventh world congress. Maths 1009 introduction to financial mathematics i course. Fina3350 mathematical finance fina3351 spreadsheet financial modeling 3 of the following courses at least one of them must be capstone. This course provides students with the necessary mathematical techniques used in continuoustime finance. We want to study the so called market of options or derivatives.
Coursera mathematical methods for quantitative finance. The university of hong kong hku admissions and academic. Finance and enterprises office fulltime 201718 hku. Where did the 2015 accounting and finance graduates go.
Interested students should fill out the declaration of undergraduate minor program form rr37 together with the unofficial transcript to department of mathematics in rm 3461. Course objectives, this course gives an elementary treatment for the modeling of financial derivatives, asset. Finance and enterprises office the university of hong kong. If you are passionate about mathematics, quantitative finance, data analysis, and programming, and you have the determination to take on a demanding curriculum, the master of science in mathematical finance msmf is meant for you. Ug stat7615 advanced quantitative risk management and finance 6 for reference only prepared by hku international affairs office on sep 9, 2019. Students who apply to fbe should have a grade level of b average cgpa 3. Access study documents, get answers to your study questions, and connect with real tutors for fina 3350. To learn more about quantitative finance, can read the following books options, futures, and other derivatives john c. Faculty recruiting committee chair, school of economics and finance, hku, 2015. Bachelor of arts and sciences in financial technology basc. The cohort to be admitted 201819 for msc in financial mathematics mafm is open for application on sep 1st, 2017. Msc mathematical finance 2020 entry the university of. The department offers higher degrees in statistics, probability and actuarial science.
Mathematics for finance an introduction to financial engineering with 75 figures 1 springer. Careers and placement, centre of development and resources for students page 1. Management stream, the financial technology fintech stream is also offered. This 3credit course introduces some popular mathematical and statistical tools used. Hku space community college associate degree programmes 201617 course document course title. Prerequisites and corequisites and impermissible combinations pass in math10 or math1821 or math1851 and math1853. Many mathematics graduates work in financial industry or.
Built on a solid foundation in economics and finance. Math2241 introduction to mathematical analysis 6 any 6credit advanced level mathematics disciplinary elective chosen from the programmemajorminor structure in which math10 is the disciplinary core course for students taking programmemajorminor with disciplinary core courses. Students with good grades in hkdse math module 1 or math module 2 or other equivalent qualifications and have strong interests in math may also apply for taking this course concurrently with its prerequisites courses subject to the approval from course selection advisors. Financial derivatives assume that the price of a stock is given, at time t, by s t. Mathematical modelling translates realworld problems into mathematical expressions to help people in industries develop scientific insights and make rational decisions. This paper develops an equilibrium asset and option pricing model in a production economy under jump diffusion.
Details of fees and charges are available to individual students for viewing through the student information system sis. We will achieve our mission through adhering to our core value real. Fina3350 mathematical finance 3 6 fina3351 spreadsheet financial modeling 3 6. Your degree bachelor of science in actuarial science bscactuarial science bscactuarsc bscac department of statistics and actuarial science faculty of science 6 departmentsschool the university of hong kong 10 faculties. The application period for admissions 20202021 is now open. The university of hong kong hku we arent endorsed by this school. It covers stochastic calculus, partial differential equation and applied probability.
Faculty of business and economics quantitative finance. Mathematical concepts and methods, as well as some business and economics applications, would be emphasized so that students could be furnished with the essential mathematical skills for the senior courses in these disciplines. This course is the same as the summer course math1641 offered to non hku undergraduate students. The mathematical finance msc, taught jointly by the school of mathematics and the department of economics, provides the skills that will enable graduates to apply their quantitative training to financial.
In the qs 2020 ranking by subject, hku mathematics ranks no. Ug fina3350 mathematical finance 6 ug fina3351 spreadsheet financial modeling 6 ug fina3353 regulatory and operational issues in finance 6. Our services range from design and development, construction and commissioning, and the provision of facility management services for the university premises. Master of science in mathematical finance course details the pace of change in the. The next round deadline for local applicant only is on april 27, 2020 12 noon, hong kong time. Mathematical and statistical methods for actuarial. A study of mathematics etextbook usage in hong kong. Mathematical laboratory and modeling hku summer programme. The training prepares students to pursue challenging careers in financial sector as financial engineers, risk. Busi1002 introduction to accounting econ2210 microeconomics theory econ2220 macroeconomics theory fina2802 investments and portfolio analysis. Fina2390 financial programming and databases fina3322 credit risk fina3323 fixed income securities fina3353 regulatory and operational issues in finance. An emerging interdisciplinary area with very high impact on the economy of every society, this programme combines computing, finance, and policies and regulations. This is a required course for mathematics and mathematicsphysics majors, and is suitable for all students in science, engineering, economics and finance, and other students who will use multivariable calculus in their areas of study.
Mathematical laboratory and modeling summerinstitute. C c m a 4 0 0 8 aims and objective this course will focus on the teaching of quantitative skills which can be applied to the problems. R eliable staff and operating systems, cultivated through continuous training and development. Kjell konis university of washington, keywords, journal, author. Together with maths 1010 applications of quantitative methods in finance i, this course provides an introduction to the basic mathematical concepts and techniques used in finance and business, highlighting the interrelationships of the mathematics and developing problem solving skills with a particular emphasis on financial and business applications. Hope, fear, and aspirations he 2016 mathematical finance. Demonstrate an excellent understanding of key concepts and ideas by being able to identify the appropriate theorems and their applications through correctly analysing problems, clearly and elegantly presenting correct logical reasoning and argumentation and being able to carry out computations carefully and correctly, and with some innovative approaches to solving problems. Mathematics and statistics for daily life applications course code.
An introduction to financial engineering marek capinski tomasz zastawniak. Stationarity and wold representation theorem autoregressive and moving average arma models accommodating nonstationarity. Access study documents, get answers to your study questions, and connect with real tutors for math 1009. The conference was organised by the department of applied mathematics and thedepartment ofstatisticsoftheuniversityca foscari venice italy,withthecollaborationof the department of economics and statisticalsciences of the university.
If you plan to do a master or phd in economics or finance, the following courses are recommended. In this paper, having been inspired by the work of kunita and seko, we study the pricing of penalty game call options on a stock with a dividend payment. Major in mathematics economicsfinance luo guannan and jian bo both math major are now doing a phd in economics at northwestern university and university of chicago respectively. In this thesis, efforts are devoted to mathematical modelling in production, operations and finance. Online syllabuses and regulations 4 years curriculum. The university of hong kong faculty of business and economics fbe preliminary course list 202021 important notes. Bachelor of science in quantitative finance the university of hong. The department of mathematics and alliance manchester business school at the university of manchester have combined their academic strength and practical expertise to deliver the msc in mathematical finance uk 1 year, ensuring that students can experience both the mathematical and economic perspective of the subject. Department of statistics and actuarial science, hku. Ms in mathematical finance msmf questrom school of. For reference only prepared by hku international affairs office on sep 9, 2019. You will be guided by faculty members, worldrenowned authorities.
Applicants are required to have a background in undergraduatelevel probability theory, multivariate calculus, and linear algebra. Faculty recruiting committee member, school of economics and finance, hku, 2009present. Management stream, the financial technology fintech stream is also offered to. Quantitative methods in finance conference qmf 2006 in sydney, asian finance. Courses are normally offered every year during the semesters indicated. Mfin7003 mathematical techniques in finance section 1c, 2019. For courses offered by the school of economics and finance, the final. This syllabus applies to candidates admitted to the. Advanced diploma in finance investment introduction hku space offers this parttime programme leading to an advanced diploma in finance investment. The student unit of the finance and enterprises office feo, which is located on 1f, knowles building, is available to offer assistance to students in relation to financial matters such as fees, university charges and payment of scholarship, bursary, and loan awards, etc.
Calculus is a branch of mathematics that finds wide applications in science, economics and finance, engineering and many other areas. As for the intensive mathematics major, graduates are expected to have strong academic ability to pursue graduate studies or professional careers that require indepth mathematical training. Mathematical finance this course is ideal for students who want a rigorous introduction to. The schedules for courses offered by the departments of mathematics, statistics, and electrical and computer engineering for ece 503 rarely vary, but the schedules for the remaining courses are provided for guidance only. Our mission is to strive to be a centre of excellence in financial management, providing professional, clientoriented and distinguished services to the university community. In particular, the course will cover two nobelprize winning frameworks, namely portfolio theory and the option pricing theory. Fina3350 mathematical finance 6 fina3353 regulatory and operational issues in finance 6 fina4350 text analytics and natural language processing in finance and fintech 6 fite3010 big data and data mining 6 fite3011 distributed ledger and blockchain 6 fite3012 epayment and cryptocurrency 6. Applicants should provide a list of current courses and past exam result sheets or transcripts. Faculty of business and economics quantitative finance selection process required offered as.
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