Mathematical Finance

Module code: EC3081

Financial mathematics involves analysing data, solving problems, modelling financial decision making and modelling financial markets.  As such it covers fields as diverse as economics, statistics, actuarial science and accounting.  People with those skill sets are often employed by insurance companies, consulting companies, investment and commercial banks.  Common job titles include financial analyst, data scientist, business intelligence analyst, actuarial analyst, and banker. 

The main areas of applications are risk management, data mining, analysing stocks, forecasting, developing, and marketing financial products, investment strategies, and econometrics.  For example, analysts in investment or commercial banks apply modern financial theory and statistical analysis to manage credit risk more effectively.  While others use the same to analyse stock prices or to detect patterns in financial data.