Advanced Financial Mathematics.

Catalog description

This course is designed to develop student’s knowledge of the theoretical basis of certain actuarial models and the application of those models to insurance and other financial risks. The primary topics are: Option relations, binomial option pricing, Black-Scholes equation, market-making and delta hedging, exotic options, and Lognormal Distribution. Prerequisites: BUSI 123 and MATH 131 with a “C-“ or better.