{"id":159,"date":"2020-08-03T08:57:47","date_gmt":"2020-08-03T07:57:47","guid":{"rendered":"http:\/\/www.macs.hw.ac.uk\/students\/?page_id=159"},"modified":"2020-08-03T08:57:47","modified_gmt":"2020-08-03T07:57:47","slug":"msc-financial-mathematics-2","status":"publish","type":"page","link":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/pg-programmes\/msc-financial-mathematics-2\/","title":{"rendered":"MSc Financial Mathematics"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.hw.ac.uk\/staff\/uk\/macs\/matthias-fahrenwaldt.htm\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/researchportal.hw.ac.uk\/files-asset\/7477346\/DALY.jpg?w=320&amp;f=webp\" alt=\"Matthias Fahrenwaldt\" width=\"110\" height=\"165\" \/><\/a><\/figure><\/div>\n\n\n\n<p><strong>Programme Director:<\/strong>\u00a0<a href=\"https:\/\/researchportal.hw.ac.uk\/en\/persons\/fraser-a-daly\">Fraser Daly<\/a><\/p>\n\n\n\n<p>Programme Code:&nbsp;F717-FIM<\/p>\n\n\n\n<p>For further information about course choices consult:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.hw.ac.uk\/documents\/pams\/202021\/F717-FIM_202021.pdf\">Programme Structure and Progression Rules<\/a>\u00a0<\/li><li><a href=\"https:\/\/www.macs.hw.ac.uk\/students\/wp-content\/uploads\/MSc-FiM_Handbook_202021_NEW.pdf\">MSc Financial Mathematics Programme Handbook<\/a><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Preparatory Reading<\/h2>\n\n\n\n<p>Introductions to mathematical finance<br>&#8211; &#8220;Financial Calculus: An Introduction to derivative pricing&#8221; by Martin Baxter &amp; Andrew Rennie (Cambridge University Press)<br>&#8211; &#8220;Stochastic Financial Models&#8221; by Douglas Kennedy (CRC Press)<br>&#8211; &#8220;Introduction to Stochastic Calculus Applied to Finance&#8221; (second edition) by Damien Lamberton &amp; Bernard Lapeyre (CRC Press)<\/p>\n\n\n\n<p>Background reading for the theory of stochastic processes<br>&#8211; &#8220;Probability and Random Processes&#8221; (third edition) by Geoffrey Grimmett and David Stirzaker (Oxford University Press)<\/p>\n\n\n\n<p><a href=\"http:\/\/www.macs.hw.ac.uk\/timetable\/MScFMS1\">Semester 1 HWU Timetable <\/a><\/p>\n\n\n\n<p>Semester 1 UoE Timetable<\/p>\n\n\n\n<p><a href=\"https:\/\/timetable.hw.ac.uk\/WebTimetables\/LiveED\/login.aspx\">Semester 2 HWU Timetable<\/a><\/p>\n\n\n\n<p>Semester 2 UoE Timetable<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Programme Structure<\/h2>\n\n\n\n<figure class=\"wp-block-table alignwide\"><table class=\"has-fixed-layout\"><tbody><tr><th>Semester 1 (Mandatory)<\/th><th>Semester 2 (Mandatory)<\/th><\/tr><tr><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71fs-stochastic-analysis-in-finance\/\">F71SF Stochastic Analysis in Finance<\/a> (20 Credits)<br><em>( UoE Code  MATH11154 )<\/em><\/td><td> <br><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71cm-credit-risk-modelling\/\">F71CM Credit Risk Modelling<\/a> (15 Credits) <br><em> ( UoE Code  MATH11130 ) <\/em><\/td><\/tr><tr><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71dt-discrete-time-finance\/\">F71DT Discrete-Time Finance<\/a> (10 Credits)<br> <em>( UoE Code  MATH11153 ) <\/em><\/td><td> <br><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71dp-derivative-pricing-and-financial-modelling\/\">F71DP Derivative Pricing and Financial Modelling<\/a> (15 Credits)<br><em> <\/em><\/td><\/tr><tr><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71dm-derivatives-markets\/\">F71DM Derivative Markets<\/a> (7.5 Credits)<br><em> <\/em><\/td><td> <br><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71tb-special-topics-2\/\">F71TB Special Topics 2<\/a> (7.5 Credits) <br> <em>( UoE Code  MATH11059 ) <\/em><\/td><\/tr><tr><td><a href=\"https:\/\/www.hw.ac.uk\/documents\/pams\/201920\/C31FM_201920.pdf\">C31FM Financial Markets<\/a> (15 Credits)<br><em> <\/em><\/td><td><\/td><\/tr><tr><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71ta-special-topics-1\/\">F71TA Special Topics 1<\/a> (7.5 Credits)<br> <em>( UoE Code  MATH11058 ) <\/em><\/td><td><\/td><\/tr><tr><td><strong>Semester 1 (Optional)<\/strong> <\/td><td><strong>Semester 2 (Optional)<\/strong>  <\/td><\/tr><tr><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71st-statistical-inference\/\">F71ST Statistical Inference*<\/a> (7.5 Credits) <br> <\/td><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71sc-stochastic-control-and-dynamic-asset-allocation\/\">F71SC Stochastic Control and Dynamic Asset Allocation<\/a> (Credits 10 ) <br> <em>( UoE Code  MATH11150 ) <\/em><\/td><\/tr><tr><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71sm-statistical-methods\/\">F71SM Statistical Methods*<\/a> (Credits 15) <br><em> <\/em><\/td><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71om-optimization-methods-in-finance\/\">F71OM Optimisation Methods in Finance<\/a> (Credits 10) <br><em> ( UoE Code  MATH11158 ) <\/em><\/td><\/tr><tr><td><\/td><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71np-numerical-probability-and-monte-carlo\/\">F71NP Numerical Probability and Monte Carlo<\/a> (Credits 10) <br> <em>( UoE Code  MATH11202 ) <\/em> <\/td><\/tr><tr><td><\/td><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71nt-numerical-techniques-of-partial-differential-equations\/\">F71NT Numerical Techniques for PDEs<\/a> (Credits 7.5)<br><em>  <\/em><\/td><\/tr><tr><td><\/td><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71da-data-analytics-and-time-series-analysis\/\">F71DA Data Analytics and Time Series Analysis (Credits 15)<\/a><br> <\/td><\/tr><tr><td><\/td><td><a href=\"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/ams\/courses\/f71pt-portfolio-theoryf71ah-financial-economics-1\/\">F71PT Portfolio Theory<\/a> (Credits 15) <br><em> <\/em><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Semester&nbsp;3:<\/strong>  <br><a href=\"https:\/\/www.hw.ac.uk\/documents\/pams\/201819\/F71FD_201819.pdf\">F71FD MSc Dissertation<\/a> (60 Credits)  <br>MATH11013 <\/p>\n\n\n\n<p>Students should choose courses that are worth a total of between 22.5 and 30 credits.<\/p>\n\n\n\n<p>* Note: Only one of Statistical Methods and Statistical Inference can be selected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSc in Financial Mathematics jointly delivered by Heriot-Watt University and the University of Edinburgh.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":72,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/ams.php","meta":{"footnotes":""},"tags":[5,6],"class_list":["post-159","page","type-page","status-publish","hentry","tag-ams-pg-ed-programme","tag-ams-pg-programme"],"_links":{"self":[{"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/pages\/159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/comments?post=159"}],"version-history":[{"count":0,"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/pages\/159\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/pages\/72"}],"wp:attachment":[{"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/media?parent=159"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.macs.hw.ac.uk\/students-archive\/2020-21\/wp-json\/wp\/v2\/tags?post=159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}