Financial Mathematics and Statistics

Errata
Item Errata Date
1.

The prerequisites have been removed for the following units:

MATH1021 Calculus Of One Variable
MATH1023 Multivariable Calculus and Modelling

12/12/2018
2.

The prerequisites have been removed and the assumed kowledge has changed for the following units:

MATH1921 Calculus Of One Variable (Advanced): Prerequisites have been removed. Assumed knowledge now reads: (HSC Mathematics Extension 2) OR (Band E4 in HSC Mathematics Extension 1) or equivalent.

MATH1931 Calculus Of One Variable (SSP): Prerequisites have been removed. Assumed knowledge  now reads: (HSC Mathematics Extension 2) OR (Band E4 in HSC Mathematics Extension 1) or equivalent.

MATH1923 Multivariable Calculus and Modelling (Adv): Prerequisites have been removed. Assumed knowledge now reads: (HSC Mathematics Extension 2) OR (Band E4 in HSC Mathematics Extension 1) or equivalent

MATH1933 Multivariable Calculus and Modelling (SSP):Prerequisites have been removed. Assumed knowledge now reads: (HSC Mathematics Extension 2) OR (Band E4 in HSC Mathematics Extension 1) or equivalent.

12/12/2018
Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

FINANCIAL MATHEMATICS AND STATISTICS

Advanced coursework and projects will be available in 2020 for students who complete this major.

Financial Mathematics and Statistics major

A major in Financial Mathematics and Statistics requires 48 credit points from this table including:
(i) 12 credit points of 1000 level units according to the following rules:
(a) 3 credit points of calculus units; 3 credit points of multivariable calculus; 3 credit points of linear algebra units and 3 credit points of statistics units*. (Students in the Mathematical Sciences program must choose this option^); or
(b) 3 credit points of calculus units; 3 credit points of linear algebra units and 6 credit points of data science units*
(ii) 12 credit points of 2000-level core units
(iii) 6 credit points of 3000-level core units
(iv) 6 credit points of 3000-level interdisciplinary project units
(v) 6 credit points of 3000-level or 4000-level mathematical modelling units
(vi) 6 credit points of 3000-level or 4000-level statistical modelling units
*Students not enrolled in the BSc may substitute ECMT1010 or BUSS1020
^If elective space allows, students may substitute DATA1001/1901 for the statistics unit

Financial Mathematics and Statistics minor

A minor in Financial Mathematics and Statistics requires 36 credit points from this table including:
(i) 12 credit points of 1000 level units according to the following rules:
(a) 3 credit points of 1000-level calculus units; 3 credit points of multivariable calculus units; 3 credit points of linear algebra units and 3 credit points of statistics units; or
(b) 6 credit points of data science units; 3 credit points of calculus units and 3 credit points of linear algebra units
(ii) 12 credit points of 2000-level core units
(iii) 6 credit points of 3000-level core units
(iv) 6 credit points of 3000-level statistical modelling units

Units of study

The units of study are listed below.

1000-level units of study

Calculus
MATH1021
Calculus Of One Variable
3    A HSC Mathematics Extension 1 or equivalent.
P NSW HSC 2 unit Mathematics or equivalent or a credit or above in MATH1111
N MATH1011 or MATH1901 or MATH1906 or ENVX1001 or MATH1001 or MATH1921 or MATH1931
Semester 1
Semester 2
Summer Main
MATH1921
Calculus Of One Variable (Advanced)
3    A HSC Mathematics Extension 2 or equivalent.
P NSW HSC 2 unit Mathematics or equivalent or a credit or above in MATH1111
N MATH1001 or MATH1011 or MATH1906 or ENVX1001 or MATH1901 or MATH1021 or MATH1931

Note: Department permission required for enrolment

Semester 1
MATH1931
Calculus Of One Variable (SSP)
3    A Band 4 in HSC Mathematics Extension 2 or equivalent.
P NSW HSC 2 unit Mathematics or equivalent or a credit or above in MATH1111
N MATH1001 or MATH1011 or MATH1901 or ENVX1001 or MATH1906 or MATH1021 or MATH1921

Note: Department permission required for enrolment
Enrolment is by invitation only
Semester 1
Multivariable calculus
MATH1023
Multivariable Calculus and Modelling
3    A MATH1X21, HSC Mathematics Extension 1 or equivalent.
P NSW HSC 2 unit Mathematics or equivalent or a credit or above in MATH1111
N MATH1013 or MATH1903 or MATH1907 or MATH1003 or MATH1923 or MATH1933
Semester 1
Semester 2
Summer Main
MATH1923
Multivariable Calculus and Modelling (Adv)
3    A MATH1X21, HSC Mathematics Extension 2 or equivalent.
P NSW HSC 2 unit Mathematics or equivalent or a credit or above in MATH1111
N MATH1003 or MATH1013 or MATH1907 or MATH1903 or MATH1023 or MATH1933

Note: Department permission required for enrolment

Semester 2
MATH1933
Multivariable Calculus and Modelling (SSP)
3    A MATH1X21, Band 4 in HSC Mathematics Extension 2 or equivalent.
P NSW HSC 2 unit Mathematics or equivalent or a credit or above in MATH1111
N MATH1003 or MATH1903 or MATH1013 or MATH1907 or MATH1023 or MATH1923

Note: Department permission required for enrolment
Enrolment is by invitation only.
Semester 2
Linear algebra
MATH1002
Linear Algebra
3    A HSC Mathematics or MATH1111. Students who have not completed HSC Mathematics (or equivalent) are strongly advised to take the Mathematics Bridging Course (offered in February).
N MATH1012 or MATH1014 or MATH1902
Semester 1
Summer Main
MATH1902
Linear Algebra (Advanced)
3    A (HSC Mathematics Extension 2) OR (90 or above in HSC Mathematics Extension 1) or equivalent
N MATH1002 or MATH1012 or MATH1014

Note: Department permission required for enrolment

Semester 1
Statistics
MATH1005
Statistical Thinking with Data
3    A HSC Mathematics. Students who have not completed HSC Mathematics (or equivalent) are strongly advised to take the Mathematics Bridging Course (offered in February).
N MATH1015 or MATH1905 or STAT1021 or STAT1022 or ECMT1010 or ENVX1001 or ENVX1002 or BUSS1020 or DATA1001 or DATA1901
Semester 1
Semester 2
Summer Main
MATH1905
Statistical Thinking with Data (Advanced)
3    A (HSC Mathematics Extension 2) OR (90 or above in HSC Mathematics Extension 1) or equivalent
N MATH1005 or MATH1015 or STAT1021 or STAT1022 or ECMT1010 or ENVX1001 or ENVX1002 or BUSS1020 or DATA1001 or DATA1901

Note: Department permission required for enrolment

Semester 2
Data science
DATA1001
Foundations of Data Science
6    N DATA1901 or MATH1005 or MATH1905 or MATH1015 or MATH1115 or ENVX1001 or ENVX1002 or ECMT1010 or BUSS1020 or STAT1021 or STAT1022
Semester 1
Semester 2
DATA1901
Foundations of Data Science (Adv)
6    A An ATAR of 95 or more
N MATH1905 or ECMT1010 or ENVX2001 or BUSS1020 or DATA1001 or MATH1115
Semester 1
Semester 2

2000-level units of study

Core
MATH2070
Optimisation and Financial Mathematics
6    A MATH1X23 or MATH1933 or MATH1X03 or MATH1907
P (MATH1X21 or MATH1011 or MATH1931 or MATH1X01 or MATH1906) and (MATH1014 or MATH1X02)
N MATH2010 or MATH2033 or MATH2933 or MATH2970 or ECMT3510


Students may enrol in both MATH2070 and MATH3075 in the same semester
Semester 2
MATH2970
Optimisation and Financial Mathematics Adv
6    A MATH19X3 or MATH1907 or a mark of 65 or above in MATH1003 or MATH1023
P [MATH19X1 or MATH1906 or (a mark of 65 or above in MATH1021 or MATH1001)] and [MATH1902 or (a mark of 65 or above in MATH1002)]
N MATH2010 or MATH2033 or MATH2933 or MATH2070 or ECMT3510


Students may enrol in both MATH2970 and MATH3975 in the same semester
Semester 2
STAT2011
Probability and Estimation Theory
6    P (MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and (DATA1X01 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020)
N STAT2911
Semester 1
STAT2911
Probability and Statistical Models (Adv)
6    P (MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and a mark of 65 or greater in (DATA1X01 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020)
N STAT2011
Semester 1

3000-level units of study

Core
MATH3075
Financial Derivatives
6    P 12 credit points of Intermediate Mathematics, including (MATH2070 or MATH2970)
N MATH3975 or MATH3015 or MATH3933
Semester 2
MATH3975
Financial Derivatives (Advanced)
6    P Credit average or greater in 12 credit points of Intermediate Mathematics (including MATH2070 or MATH2970)
N MATH3933 or MATH3015 or MATH3075
Semester 2
Interdisciplinary project
FMAT3888
Projects in Financial Mathematics
6    A STAT2X11, MATH2X70
P (MATH2070 or MATH2970) and (STAT2011 or STAT2911)
Semester 2
SCPU3001
Science Interdisciplinary Project
6    P Completion of 2000-level units required for at least one Science major.
Intensive December
Intensive February
Intensive January
Intensive July
Semester 1
Semester 2
Mathematical modelling
MATH3076
Mathematical Computing
6    P 12 credit points of MATH2XXX and 6 credit points from (MATH1021 or MATH1001 or MATH1023 or MATH1003 or MATH19X1 or MATH19X3 or MATH1906 or MATH1907)
N MATH3976 or MATH4076
Semester 1
MATH3979
Complex Analysis (Advanced)
6    A MATH2023 or MATH2923 or MATH2962 or MATH3068
P [A mark of 65 or greater in 12cp from (MATH2021 or MATH2921 or MATH2022 or MATH2922 or MATH2023 or MATH2923 or MATH2061 or MATH2961 or MATH2065 or MATH2965 or MATH2962)]
N MATH4079 or MATH3964
Semester 1
Statistical modelling
STAT3022
Applied Linear Models
6    P STAT2X11 and (DATA2X02 or STAT2X12)
N STAT3912 or STAT3012 or STAT3922
Semester 1
STAT3922
Applied Linear Models (Advanced)
6    P STAT2X11 and [a mark of 65 or greater in (STAT2X12 or DATA2X02)]
N STAT3912 or STAT3012 or STAT3022
Semester 1
STAT3023
Statistical Inference
6    A DATA2X02 or STAT2X12
P STAT2X11
N STAT3913 or STAT3013 or STAT3923
Semester 2
STAT3923
Statistical Inference (Advanced)
6    P STAT2X11 and a mark of 65 or greater in (DATA2X02 or STAT2X12)
N STAT3913 or STAT3013 or STAT3023
Semester 2
STAT3021
Stochastic Processes
6    P STAT2X11 and (MATH1003 or MATH1903 or MATH1907 or MATH1023 or MATH1923 or MATH1933)
N STAT3911 or STAT3011
Semester 1

4000-level units of study

Mathematical modelling units
MATH4071
Convex Analysis and Optimal Control
6    A MATH2X21 and MATH2X23 and STAT2X11
P [A mark of 65 or greater in 12cp from (MATH2070 or MATH2970 or STAT2011 or STAT2911 or MATH2021 or MATH2921 or MATH2022 or MATH2922 or MATH2023 or MATH2923 or MATH2061 or MATH2961 or MATH2065 or MATH2965 or MATH2962 or STAT2012 or STAT2912 or DATA2002 or DATA2902) or [12 cp from (MATH3075 or MATH3975 or STAT3021 or STAT3011 or STAT3911 or STAT3888 or STAT3014 or STAT3914 or MATH3063 or MATH3963 or MATH3061 or MATH3961 or MATH3962 or MATH3963 or MATH3968 or MATH3969 or MATH3971 or MATH3974 or MATH3976 or MATH3977 or MATH3978 or MATH3979)]
N MATH3971
Semester 1
MATH4076
Computational Mathematics
6    A (MATH2X21 and MATH2X22) or (MATH2X61 and MATH2X65)
P (A mark of 65 or greater in 12cp of MATH2XXX units of study) or [12cp from (MATH3061 or MATH3066 or MATH3063 or MATH3078 or or MATH3961 or MATH3962 or MATH3963 or MATH3969 or MATH3971 or MATH3974 or MATH3977 or MATH3978 or MATH3979)]
Semester 1
Further units to be developed for offering in 2020.
Statistical modelling units
To be developed for offering in 2020