Financial Mathematics is a flourishing area of modern science. Its numerous applications have become vital to the day to day functioning of the world’s financial institutions. As a consequence, a solid command of the principles and techniques of financial engineering is essential for a responsible approach to the trading, asset management, and risk control of complicated financial positions. Financial Mathematics at the NWU covers a full range of topics in mainstream mathematical finance and its applications. The curriculum includes, for example, derivatives pricing and hedging, asset price dynamics, risk analysis and extreme events, interest rate and foreign exchange processes, credit and inflation linked products, real options, stochastic optimisation and control, and investment decision making, as well as other mathematical subjects of relevance to practical financial modelling.
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Financial Mathematics consists of the following subjects:
- Applied Mathematics
- Financial Engineering
- Stochactic Processes
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