Financial Mathematics in Dublin City University, Ireland

Financial Mathematics in Dublin City University

Why do this course?

The analysis of financial phenomena relies on a firm mathematical foundation. You will especially need to understand how numerical systems can persistently undergo change and how to handle mathematically the randomness which is in-built in the financial system. In Years One and Two, you will study several branches of mathematics, especially probability, statistics, and advanced calculus. You will also develop your understanding of economics, accounting and computer programming, and be introduced to applications of mathematics in finance. 

In Year Three, you will start to study how random processes can develop over time, and apply these mathematical methods to examine how financial phenomena can evolve. You’ll also learn how to employ sophisticated statistical techniques that are used to investigate large quantities of financial data. Other modules you’ll study will introduce the valuation of financial products. You'll participate in an INTRA work placement in second semester.

In Year Four, you'll study high-level modern probability, and then apply it to design and price complex financial products such as derivatives and swaps, as well as developing cutting-edge and data-driven models of the stock market. Portfolio management and investor behavior are also investigated in order to quantify and manage risk. The mathematical techniques you will master will range from the highly theoretical to the highly practical. Some of these will require large scale computer simulations which are needed to reliably price the most exotic financial securities.