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2017/18 Undergraduate Module Catalogue
MATH2525 Financial Mathematics 3
10 creditsClass Size: 175
Module manager: Dr Elena Issoglio
Email: E.Issoglio@leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2017/18
Pre-requisite qualifications
MATH2515 or equivalentThis module is mutually exclusive with
LUBS3160 | Financial Derivatives |
This module is approved as a discovery module
Module summary
The module covers futures and option markets, simple asset pricing models and concepts in risk management. For exemptions from actuarial exams, please see http://www.mathsstudents.leeds.ac.uk/careers-employment/exemption-from-professional-exams.htmlObjectives
See learning outcomes.Learning outcomes
On completion of this module, students should be able to understand option, future and swap contracts and be familiar with their use in hedging, particularly in hedging interest and foreign exchange risk. Students will also be familiar with simple asset pricing models and basic concepts in risk management.
Syllabus
1. Introduction to futures markets, hedging in futures markets
2. Foreign exchange and Interest rate futures and swaps
3. Options pricing
4. Optimal investment and simple asset pricing models
5. Risk measures and risk management
Teaching methods
Delivery type | Number | Length hours | Student hours |
Lecture | 22 | 1.00 | 22.00 |
Tutorial | 7 | 1.00 | 7.00 |
Private study hours | 71.00 | ||
Total Contact hours | 29.00 | ||
Total hours (100hr per 10 credits) | 100.00 |
Private study
Consolidation of course notes and background reading:- J. C. Hull "Options, Futures, and other Financial Derivatives" (in particular Chapters 1-7, 9, 11, 18 and 20.)
- Faculty/Institute of Actuaries "CT 8 Financial Economics"
- Faculty/Institute of Actuaries "CT 1 Financial Mathematics"
Opportunities for Formative Feedback
Assessment of success on example sheets.Contact during tutorials.
Methods of assessment
Coursework
Assessment type | Notes | % of formal assessment |
In-course Assessment | Exercise Sheets | 15.00 |
Total percentage (Assessment Coursework) | 15.00 |
There is no resit available for the coursework component of this module. If the module is failed, the coursework mark will be carried forward and added to the resit exam mark with the same weighting as listed above.
Exams
Exam type | Exam duration | % of formal assessment |
Standard exam (closed essays, MCQs etc) | 2 hr 00 mins | 85.00 |
Total percentage (Assessment Exams) | 85.00 |
Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated
Reading list
The reading list is available from the Library websiteLast updated: 26/04/2017
Browse Other Catalogues
- Undergraduate module catalogue
- Taught Postgraduate module catalogue
- Undergraduate programme catalogue
- Taught Postgraduate programme catalogue
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