10 cp Corequisite: STAT201 Statistics and Probability
Teaching Organisation: 4 contact hours per week for twelve weeks or equivalent.
This unit provides an introduction to major basic tools of business and financial mathematics including review of interest rates and comparison of investment options. Financial time series and forecasting, which is a major tool for risk aversion in finance will be introduced. Other topics will be selected from risk theory, replacement theory, inventory control and analysis of options.