2015 Unit of Study
The session(s) below are for 2015. For Summer School 2015 unit of study availability please visit the Summer School website (main Summer session January/February 2016).
The University of Sydney session calendar shows exact dates for sessions.
||FINC2012 or FINC2002
||HSC 3 Unit mathematics
||This is a useful subject for students contemplating going on to study at honours level and/or undertake subsequent research degrees.
||1x 2hr lecture and 1x 1hr tutorial per week; Additional workshops as required.
||Final (50%), mid semester (25%), assignment (25%)
||The aim of this unit is to provide students with a thorough understanding of some standard financial models from a mathematical perspective. Many of the greatest innovations in finance have been mathematical in nature and it is our aim to study the models along those lines. Specifically, we will concern ourselves with portfolio theory, CAPM, fundamental theorems of asset pricing and derivative valuation through the Black-Scholes and binomial models. Though some topics may appear familiar from previous courses, we will undertake a more quantitative approach to these models, starting from first principles, which will provide a greater depth of understanding. While the background mathematics will be taught as part of this unit, students are expected to be competent with basic mathematics.