Financial Mathematics and Statistics
Unit outlines will be available though Find a unit outline two weeks before the first day of teaching for 1000-level and 5000-level units, or one week before the first day of teaching for all other units.
Errata
| Item | Errata | Date |
|---|---|---|
| 1. |
Prohibitions have changed for the following unit, they now read: STAT3021 Stochastic ProcessesN: STAT3911 or STAT3011 or STAT3921 or STAT4021 |
13/03/2020 |
| 2. |
Sessions have changed for the following units. New S2CIAU Intensive August session has been opened for 2020: MATH1002 Linear Algebra |
15/06/2020 |
| Unit of study | Credit points | A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition | Session |
|---|---|---|---|
FINANCIAL MATHEMATICS AND STATISTICS |
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Financial Mathematics and Statistics major |
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| 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) 18 credit points of 2000-level core units | |||
| (iii) 12 credit points of 3000-level core units | |||
| (iv) 6 credit points of 3000-level interdisciplinary project 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 |
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| 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) 18 credit points of 2000-level core units | |||
| (iii) 6 credit points of 3000-level core units | |||
Units of study |
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| The units of study are listed below. | |||
1000-level units of study |
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Calculus |
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| MATH1021 Calculus Of One Variable |
3 | A HSC Mathematics Extension 1 or equivalent. N MATH1011 or MATH1901 or MATH1906 or ENVX1001 or MATH1001 or MATH1921 or MATH1931 |
Intensive January Semester 1 Semester 2 |
| MATH1921 Calculus Of One Variable (Advanced) |
3 | A (HSC Mathematics Extension 2) OR (Band E4 in HSC Mathematics Extension 1) or equivalent. 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 (HSC Mathematics Extension 2) OR (Band E4 in HSC Mathematics Extension 1) or equivalent. 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 |
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| MATH1023 Multivariable Calculus and Modelling |
3 | A Knowledge of complex numbers and methods of differential and integral calculus including integration by partial fractions and integration by parts as for example in MATH1021 or MATH1921 or MATH1931 or HSC Mathematics Extension 2 N MATH1013 or MATH1903 or MATH1907 or MATH1003 or MATH1923 or MATH1933 |
Intensive January Semester 1 Semester 2 |
| MATH1923 Multivariable Calculus and Modelling (Adv) |
3 | A (HSC Mathematics Extension 2) OR (Band E4 in HSC Mathematics Extension 1) or equivalent. 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 (HSC Mathematics Extension 2) OR (Band E4 in HSC Mathematics Extension 1) or equivalent. 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 |
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| 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 |
Intensive January Semester 1 |
| MATH1902 Linear Algebra (Advanced) |
3 | A (HSC Mathematics Extension 2) OR (90 or above in HSC Mathematics Extension 1) or equivalent N MATH1002 or MATH1014 Note: Department permission required for enrolment |
Semester 1 |
Statistics |
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| 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 ECMT1010 or ENVX1001 or ENVX1002 or BUSS1020 or DATA1001 or DATA1901 |
Intensive January Semester 1 Semester 2 |
| 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 ECMT1010 or ENVX1001 or ENVX1002 or BUSS1020 or DATA1001 or DATA1901 Note: Department permission required for enrolment |
Semester 2 |
Data science |
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| 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 |
Semester 1 Semester 2 |
| DATA1901 Foundations of Data Science (Adv) |
6 | A An ATAR of 95 or more N MATH1905 or ECMT1010 or ENVX1002 or BUSS1020 or DATA1001 or MATH1115 or MATH1015 |
Semester 1 Semester 2 |
2000-level units of study |
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Core |
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| 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 |
| DATA2002 Data Analytics: Learning from Data |
6 | A Basic linear algebra and some coding for example MATH1014 or MATH1002 or MATH1902 and DATA1001 or DATA1901 P [DATA1001 or ENVX1001 or ENVX1002] or [MATH10X5 and MATH1115] or [MATH10X5 and STAT2X11] or [MATH1905 and MATH1XXX (except MATH1XX5)] or [BUSS1020 or ECMT1010 or STAT1021] N STAT2012 or STAT2912 or DATA2902 |
Semester 2 |
| DATA2902 Data Analytics: Learning from Data (Adv) |
6 | A Basic linear algebra and some coding for example MATH1014 or MATH1002 or MATH1902 and DATA1001 or DATA1901 P A mark of 65 or above in any of the following (DATA1001 or DATA1901 or ENVX1001 or ENVX1002) or (MATH10X5 and MATH1115) or (MATH10X5 and STAT2011) or STAT2911 or (MATH1905 and MATH1XXX [except MATH1XX5]) or (BUSS1020 or ECMT1010 or STAT1021) N STAT2012 or STAT2912 or DATA2002 |
Semester 2 |
3000-level units of study |
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Core |
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| MATH3075 Financial Derivatives |
6 | P 12 credit points chosen from MATH2XXX or STAT2XXX or DATA2X02 N MATH3975 or MATH3015 or MATH3933 It is possible to enrol in MATH2070 and MATH3075 in the same semester |
Semester 2 |
| MATH3975 Financial Derivatives (Advanced) |
6 | P A mark of 65 or above in 12cp from (MATH2XXX or STAT2XXX or DATA2X02) N MATH3933 or MATH3015 or MATH3075 MATH2X70 and MATH3975 may be taken in the same semester |
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 |
| STAT3921 Stochastic Processes (Advanced) |
6 | P (STAT2011 or STAT2911) and MATH1003 or MATH1903 or MATH1907 or MATH1023 or MATH1923 or MATH1933 N STAT3011 or STAT3911 or STAT3021 or STAT3003 or STAT3903 or STAT3005 or STAT3905 or STAT4021 |
Semester 1 |
Interdisciplinary project |
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| 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 February Intensive July Semester 1 Semester 2 |