Course overview
Together with MATHS 1009 Introduction to Financial Mathematics I, this course provides an introduction to the basic mathematical concepts and techniques used in finance and business, highlighting the inter-relationships of the mathematics and developing problem solving skills with a particular emphasis on financial and business applications. Topics covered are: differential and integral calculus with applications; separable differential equations; functions of two real variables; Lagrange multipliers; sample spaces, conditional probability; an introduction to Markov chains; probability distributions (binomial, normal) and expected value.
Course learning outcomes
- Demonstrate understanding of basic concepts in calculus, relating to differentiation, integration and differential equations
- Demonstrate understanding of basic concepts in probability, relating to conditonal probability, markov chains, and probability distributions
- Demonstrate understanding of concepts in two variable calculus
- Employ methods related to these concepts in a variety of financial applications
- Apply logical thinking to problem solving in context
- Use appropriate technology to aid problem solving
- Demonstrate skills in writing mathematics
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