Description

This textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three- or four-semester sequence of calculus courses.It introduces the Theory of Interest, discrete and continuous random variables and probability, stochastic processes, linear programming, the Fundamental Theorem of Finance, option pricing, hedging, and portfolio optimization. The reader progresses from a solid grounding in multi-variable calculus through a derivation of the Black-Scholes equation, its solution, properties, and applications.

Undergraduate Introduction To Financial Mathematics, An

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Hardback by J Robert Buchanan

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This textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three- or... Read more

    Publisher: World Scientific Publishing Co Pte Ltd
    Publication Date: 30/09/2008
    ISBN13: 9789812835352, 978-9812835352
    ISBN10: 9812835350

    Number of Pages: 372

    Non Fiction , Technology, Engineering & Agriculture , Education

    Description

    This textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three- or four-semester sequence of calculus courses.It introduces the Theory of Interest, discrete and continuous random variables and probability, stochastic processes, linear programming, the Fundamental Theorem of Finance, option pricing, hedging, and portfolio optimization. The reader progresses from a solid grounding in multi-variable calculus through a derivation of the Black-Scholes equation, its solution, properties, and applications.

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