Download e-book for kindle: An Undergraduate Introduction to Financial Mathematics by J. Robert Buchanan

By J. Robert Buchanan

ISBN-10: 9812835350

ISBN-13: 9789812835352

This textbook presents an creation to monetary arithmetic and fiscal engineering for undergraduate scholars who've accomplished a 3- or four-semester series of calculus courses.

It introduces the speculation of curiosity, discrete and non-stop random variables and likelihood, stochastic strategies, linear programming, the elemental Theorem of Finance, alternative pricing, hedging, and portfolio optimization. The reader progresses from a fantastic grounding in multi-variable calculus via a derivation of the Black–Scholes equation, its resolution, homes, and applications.


  • The concept of Interest
  • Discrete Probability
  • Normal Random Variables and Probability
  • The Arbitrage Theorem
  • Random Walks and Brownian Motion
  • Forwards and Futures
  • Options
  • Solution of the Black–Scholes Equation
  • Derivatives of Black–Scholes alternative Prices
  • Hedging
  • Optimizing Portfolios
  • American Options

Readership: Undergraduate scholars in economics, finance and utilized arithmetic; execs in banking, assurance and finance.

Show description

Read Online or Download An Undergraduate Introduction to Financial Mathematics PDF

Best calculus books

David H. Armitage,Stephen J. Gardiner's Classical Potential Theory (Springer Monographs in PDF

A long-awaited, up-to-date introductory textual content through the area leaders in power conception. This crucial reference paintings covers all features of this significant box of mathematical learn, from simple concept and workouts to extra complex topological rules. The principally self-contained presentation makes it primarily obtainable to graduate scholars.

Read e-book online Complex Analysis PDF

With this moment quantity, we input the interesting global of advanced research. From the 1st theorems on, the splendor and sweep of the implications is obvious. the place to begin is the straightforward inspiration of extending a functionality at the beginning given for actual values of the argument to at least one that's outlined whilst the argument is advanced.

Francesca Biagini,Yaozhong Hu,Bernt Øksendal,Tusheng Zhang's Stochastic Calculus for Fractional Brownian Motion and PDF

The aim of this booklet is to give a finished account of the several definitions of stochastic integration for fBm, and to offer purposes of the ensuing thought. specific emphasis is put on learning the family members among different techniques. Readers are assumed to be accustomed to likelihood thought and stochastic research, even if the mathematical innovations utilized in the ebook are completely uncovered and a few of the mandatory must haves, equivalent to classical white noise conception and fractional calculus, are recalled within the appendices.

Get Dynamic Systems Modelling and Optimal Control: Applications PDF

Dynamic platforms Modelling and optimum regulate explores the purposes of oil box improvement, power approach modelling, source modelling, time various keep watch over of dynamic procedure of nationwide financial system, and funding planning.

Additional info for An Undergraduate Introduction to Financial Mathematics

Sample text

Download PDF sample

An Undergraduate Introduction to Financial Mathematics by J. Robert Buchanan

by Michael

Rated 4.99 of 5 – based on 12 votes