## UCSD Catalog Entry for Math 294

Taken from the Mathematics section of the UCSD Catalog.

**Math 294. The Mathematics of Finance (4)**

Introduction to the mathematics of financial models. Hedging, pricing by arbitrage. Discrete and continuous stochastic models. Martingales. Brownian motion, stochastic calculus. Black-Scholes model, adaptations to dividend paying equities, currencies and coupon-paying bonds, interest rate market, foreign exchange models. *Prerequisite: Math. 180A (or equivalent probability course) or consent of instructor.*

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December 15, 2008