Last modified: 02 Oct 2025 16:16
This course is a part of the MSc programme in Financial Technology. It is concerned with financial mathematical models in both discrete and continuous time. The main topic is the Black-Scholes-Merton model from both theoretical and practical perspective.
| Study Type | Postgraduate | Level | 5 |
|---|---|---|---|
| Term | First Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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The course is a continuation of Financial Mathematics I and expands the portfolio and pricing theory of financial markets. Furthermore, it introduces the Black-Scholes-Merton model and discusses its properties and applications.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
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| Assessment Type | Summative | Weighting | 50 | |
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| Assessment Weeks | Feedback Weeks | |||
| Feedback | Word Count | |||
| Knowledge Level | Thinking Skill | Outcome |
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There are no assessments for this course.
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Pass marks carried forward |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Pass marks carried forward |
Word Count | ||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Remember | Remember further financial terminology. |
| Conceptual | Understand | Understand advanced probabilistic concepts in the financial context. |
| Procedural | Apply | Apply probability theory in the financial context. |
| Conceptual | Understand | Understand limitations of the discussed financial models. |
| Conceptual | Understand | Understand the basics of the Black-Scholes-Merton model. |
| Procedural | Apply | Apply the Black-Scholes-Merton model in pricing options. |
| Conceptual | Understand | Understand the derivation of the Black-Scholes-Merton model. |
| Conceptual | Create | Create models of financial markets in continuous time. |
| Reflection | Evaluate | Evaluate and check the Black-Scholes-Merton model. |
| Procedural | Apply | Communicate clearly on discussed financial concepts. |
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