Compulsory modules
Financial Economics and Asset Pricing
The aims of this module are to:
- Introduce students to fundamental concepts in modern portfolio theory.
- Develop and analyse the formal economic theory of capital markets and the pricing of capital assets.
- Explain the concept of arbitrage and its relevance to the analysis of asset prices and portfolio management.
Stochastic Methods in Finance
The aims of this module are:
- To provide students with a rigorous mathematical introduction to the modern financial theory of security markets in discrete and continuous time models.
- To give students a solid theoretical background in the derivatives industry in discrete and continuous time models.
Corporate Finance and Derivatives
The aims of this module are to provide:
- A sound practical and theoretical understanding of corporate finance, in particular corporate investment decisions.
- Awareness of the major derivative products and markets.
- Conceptual understanding of arbitrage pricing of financial derivatives.
- Practical experience of implementing some of the most widely used corporate finance and derivative pricing models.
Computational Methods in Finance
This module aims to:
- Introduce numerical methods and associated theory for modelling of financial options.
- Teach students how to implement such numerical methods on computers.
- Gain experience in interpreting numerical results.
Linear Differential Equations
The aims of this module are:
- Gain familiarity with linear ODEs with non-constant coefficients.
- To introduce linear PDEs with constant and non-constant coefficients.
Optional modules
Algebra
More information to follow.
Economics of the Financial System
The aims of the module are for students to:
- Become familiar with economic concepts used to analyse financial markets and financial institutions.
- Gain experience in using financial and economic statistics and case studies relevant to understanding financial markets and institutions.
- Obtain insight into some of the principal current business and policy issues in the financial system, both in capital markets and commercial banking.
Applied Statistics
The aims of this module are:
- To introduce fundamental statistical concepts.
- To introduce statistical methods and associated theory for design and analysis of studies and experiments.
- To develop statistical software skills.
- To reinforce skills regarding the interpretation of statistical analyses.
Asymptotic Methods
The aims of this module are:
- To introduce the concept of small and large parameters in equations and how they can be exploited to simplify difficult mathematical problems.
- To introduce a wide range of approximation techniques to analyse differential equations and integrals.
Introduction to Dynamical Systems
The aim of this module is to introduce students to the notions and methods of the theory of dynamical systems with an emphasis on its applications.
Graph Theory
The aims of this module are to introduce students to modern concepts and methods of combinatorics and graph theory.
Introduction to Differential Geometry
The aim of this module is to introduce the basic ideas and methods of the classical differential geometry of curves and surfaces in three-dimensional Euclidean space.
Operational Research
The aims of this module are:
- To introduce students to the nature of operational research and its techniques.
- To study linear programming, its applications and associated algorithms.
Developments in Macroeconomics
This module will examine the developments in the underlying foundations of modern macroeconomics from Keynes to the present day, through an analysis of specific macroeconomic models and policy issues.
Developments in Microeconomics
This module aims to introduce rigorous economic and mathematical methods for studying how microeconomic tools are used in the design of public policies. It covers a selection of modern microeconomic methodologies and applications.
The aim is to extend students' microeconomic grasp beyond that covered in Part B in ways which complement other final year modules and equip students with a solid foundation for understanding recent developments in microeconomic theory.
At the end of the module, students should have gained an insight into how information, motivation, behaviour and market structure combine to generate many economic outcomes.
Advanced Complex Analysis
The aims of this module are to introduce students to more advanced complex variable methods and demonstrate how these can be applied to sum series, evaluate integrals and define special functions.
Analytical Dynamics
The aims of this module are to introduce the students to the basic notions and methods of classical analytical dynamics.
Elements of Topology
The aim of this module is to give a grounding in the central ideas of topology, sufficient for the main applications in geometry, analysis and mathematical physics.
Game Theory
The aims of this module are:
- To introduce rigorous mathematical tools which are useful in economics analysis.
- To give students a solid mathematical background in game theoretic models.
Mathematical Biology
The aims of this module are:
- To introduce some mathematical models of biological systems and various techniques for analysing them.
- To enable students to appreciate how mathematics can be used to model biological systems.
Medical Statistics
The aims of this module are to reinforce students' skills in interpreting statistical tests and using statistical software, and to introduce the methods and theory for the design and analysis of medical trials.
Statistical Modelling
The aims of this module are:
- To introduce fundamental statistical modelling concepts.
- To introduce associated theories for statistical inference.
- To develop statistical software skills.
- To reinforce skills regarding the interpretation of statistical analyses.
Studies in Science and Mathematics Education
The aims of the module are:
- To develop a range of skills within students and provide an early introduction to teaching for those interested in pursuing it, or a related field, as a career.
- To develop confidence and competence in communicating their subject.
- To provide opportunities to devise and develop science and mathematics projects and teaching methods appropriate to the age and ability of those the student is working with.
Vibrations and Waves
The aim of this module is to investigate physical phenomena that involve vibrations and waves using appropriate mathematical tools.
Central Banking and Financial Crises
The aim of this module is for the student to appreciate how and why central banks use monetary policy, with a view to understanding noteworthy recent and historical policy developments in the UK, the US, Japan, and the Euro area.
Part of the module is geared towards understanding how central banks react to financial crises, with special emphasis placed on the recent global financial crisis, as well as important historical events such as the great depression. The module aims to make students appreciate how the central bank is at the heart of a country's financial and economic system.
Industrial Economics
The aim of the module is to develop economic skills to analyse strategic interaction among firms in imperfectly competitive markets or regulated industries.
University-wide Language Programme
This is a 10 credit module from the University-wide language programme.