Graduate Diploma in Financial and Actuarial Mathematics

Year 1

(Award available for year: Graduate Diploma)

Learning outcomes

On completion of the programme, students should have provided evidence of being able to:
- Understand the main instruments and functions of the financial markets;
- Use probabilistic and mathematical tools for the calculation of fair prices of financial derivatives both in discrete and continuous time;
a) arbitrage pricing, Binomial Trees, Black-Scholes model
b)Stochastic Interest Rate models and interest rate derivatives
- Use statistical techniques for the analysis of financial time serie
- Show that they are familiar with the fundamental ideas of Risk Management;
- Find resources in the field and study research material independently.

Transferable (key) skills

Students will have had the opportunity to acquire, as defined in the modules specified for the programme:
- the transferable/key/generic skills necessary for employment related to the area(s) studied;
- the exercise of initiative and personal responsibility;
- the deployment of decision making skills in complex and unpredictable situations;
- the communication of information, ideas, problems and solutions in a variety of ways to a variety of audiences.

Assessment

Achievement will be assessed by a variety of methods in accordance with the learning outcomes of the modules specified for the year/programme and will include:

- demonstrating the ability to apply a broad range of aspects of the discipline;
- work that draws on a wide variety of material;
- the ability to evaluate and criticise received opinion;
- evidence of an ability to conduct independent, in depth enquiry within the discipline;
- work that is typically both evaluative and creative.