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Financial Mathematics and Statistics

Unit of study table (Table S)

This page was first published on 15 November 2023 and was last amended on 19 February 2024.
View details of the changes below.

Financial Mathematics and Statistics major

A major in Financial Mathematics and Statistics requires 48 credit points from this table including:
(i) 12 credit points of 1000-level units
(ii) 18 credit points of 2000-level core units
(iii) 12 credit points of 3000-level core units
(iv) 6 credit points of 3000-level interdisciplinary project units
*Students not enrolled in the BSc may substitute ECMT1010 or BUSS1020

Financial Mathematics and Statistics minor

A minor in Financial Mathematics and Statistics requires 36 credit points from this table including:
(i) 12 credit points of 1000-level units
(ii) 18 credit points of 2000-level core units
(iii) 6 credit points of 3000-level core units
*Students not enrolled in the BSc may substitute ECMT1010 or BUSS1020
Unit of study Credit points A: Assumed knowledge P: Prerequisites
C: Corequisites N: Prohibition

1000-level units of study

MATH1061
Mathematics 1A
6 A NSW HSC Extension 1 Mathematics or equivalent
N MATH1901 or MATH1902 or MATH1921 or MATH1906 or MATH1931 or MATH1001 or MATH1021 or MATH1961 or MATH1971 or MATH1002 or MATH1014
MATH1062
Mathematics 1B
6 A Knowledge of complex numbers and methods of differential and integral calculus including integration by partial fractions and integration by parts as for example in MATH1021 or MATH1921 or MATH1931 or MATH1061 or HSC Mathematics Extension 2
N MATH1905 or MATH1903 or MATH1907 or MATH1923 or MATH1933 or MATH1972 or MATH1962 or MATH1003 or MATH1023 or MATH1005 or MATH1015
MATH1961
Mathematics 1A (Advanced)
6 A (HSC Mathematics Extension 2) or (Band E4 in HSC Mathematics Extensions 1) or equivalent
N MATH1901 or MATH1902 or MATH1921 or MATH1906 or MATH1931 or MATH1001 or MATH1021 or MATH1061 or MATH1971 or MATH1002 or MATH1014
MATH1962
Mathematics 1B (Advanced)
6 A (HSC Mathematics Extension 2) or equivalent
N MATH1905 or MATH1903 or MATH1923 or MATH1907 or MATH1933 or MATH1062 or MATH1972 or MATH1003 or MATH1023 or MATH1005 or MATH1015
P None
C None
MATH1971
Mathematics 1A (SSP)
6 A (at least Band E4 in HSC Mathematics Extension 2) or equivalent
N MATH1901 or MATH1902 or MATH1921 or MATH1906 or MATH1931 or MATH1001 or MATH1021 or MATH1061 or MATH1961 or MATH1002 or MATH1014

Departmental Permission is required to enrol in this unit

MATH1972
Mathematics 1B (SSP)
6 A (HSC Mathematics Extension 2) or (Band E4 in HSC Mathematics Extension 1) or equivalent
N MATH1905 or MATH1903 or MATH1907 or MATH1923 or MATH1933 or MATH1062 or MATH1962 or MATH1003 or MATH1023 or MATH1005 or MATH1015

Departmental Permission is required to enrol in this unit

2000-level units of study

Core
DATA2002
Data Analytics: Learning from Data
6 A Successful completion of a first-year or second-year unit in statistics or data science including a substantial coding component. The content from STAT2X11 will help but is not considered essential. Students who are not comfortable using the R software for statistical analysis should familiarise themselves before attempting the unit, e.g. taking OLET1632: Shark Bites and Other Data Stories
P DATA1X01 or ENVX1002 or BUSS1020 or ECMT1010 or [(MATH1062 or MATH1962 or MATH1972) and (STAT2011 or STAT2911)] or [MATH1X05 and (MATH1001 or MATH1002 or MATH1003 or MATH1004 or MATH1021 or MATH1023 or MATH1115 or MATH19XX)]
N STAT2012 or STAT2912 or DATA2902
DATA2902
Data Analytics: Learning from Data (Adv)
6 A Successful completion of a first-year or second-year unit in statistics or data science including a substantial coding component. The content from STAT2X11 will help but is not considered essential. Students who are not comfortable using the R software for statistical analysis should familiarise themselves before attempting the unit, e.g. taking OLET1632: Shark Bites and Other Data Stories
P A mark of 65 or above in (DATA1X01 or ENVX1002 or BUSS1020 or ECMT1010 or [(MATH1062 or MATH1962 or MATH1972) and (STAT2011 or STAT2911)] or [MATH1X05 and (MATH1001 or MATH1002 or MATH1003 or MATH1004 or MATH1021 or MATH1023 or MATH1115 or MATH19XX)])
N STAT2012 or STAT2912 or DATA2002
MATH2070
Optimisation and Financial Mathematics
6 A MATH1X23 or MATH1933 or MATH1X03 or MATH1907
P (MATH1061 or MATH1961 or MATH1971) or [(MATH1X21 or MATH1011 or MATH1931 or MATH1X01 or MATH1906) and (MATH1014 or MATH1X02)]
N MATH2970
Students may enrol in both MATH2070 and MATH3075 in the same semester
MATH2970
Optimisation and Financial Mathematics Adv
6 A MATH19X3 or MATH1907 or a mark of 65 or above in MATH1003 or MATH1023
P [MATH1961 or MATH1971 or (a mark of 65 or above in MATH1061)] or [(MATH19X1 or MATH1906 or (a mark of 65 or above in MATH1021 or MATH1001)) and (MATH1902 or (a mark of 65 or above in MATH1002))]
N MATH2070
Students may enrol in both MATH2970 and MATH3975 in the same semester
STAT2011
Probability and Estimation Theory
6 P (MATH1X61 or MATH1971 or MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and (DATA1X01 or MATH1X62 or MATH1972 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020)
N STAT2911
STAT2911
Probability and Statistical Models (Adv)
6 P (MATH1X61 or MATH1971 or MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and a mark of 65 or greater in (DATA1X01 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020 or MATH1X62 or MATH1972)
N STAT2011

3000-level units of study

Core
MATH3075
Financial Derivatives
6 P 12 credit points chosen from MATH2XXX or STAT2XXX or DATA2X02
N MATH3975 or MATH3015 or MATH3933
It is possible to enrol in MATH2070 and MATH3075 in the same semester
MATH3975
Financial Derivatives (Advanced)
6 P A mark of 65 or above in 12cp from (MATH2XXX or STAT2XXX or DATA2X02)
N MATH3933 or MATH3015 or MATH3075
MATH2X70 and MATH3975 may be taken in the same semester
STAT3021
Stochastic Processes
6 A Students are expected to have a thorough knowledge of basic probability and integral calculus
P STAT2X11
N STAT3911 or STAT3011 or STAT3921 or STAT4021
STAT3921
Stochastic Processes (Advanced)
6 A Students are expected to have a thorough knowledge of basic probability and integral calculus and to have achieved at credit level or above
P STAT2X11
N STAT3011 or STAT3911 or STAT3021 or STAT3003 or STAT3903 or STAT3005 or STAT3905 or STAT4021
Interdisciplinary project
FMAT3888
Projects in Financial Mathematics
6 A STAT2X11, MATH2X70
P (MATH2070 or MATH2970) and (STAT2011 or STAT2911)
SCPU3001
Science Interdisciplinary Project
6 P 96 credit points
N HSBH3026

Post-publication amendments

Date
Original publication
Post-publication amendment
8/02/2024 Prerequisites (P) for DATA2002 published as:
P DATA1X01 or ENVX1002 or BUSS1020 or ECMT1010 or [MATH1X05 and (MATH1001 or MATH1002 or MATH1003 or MATH1004 or MATH1021 or MATH1023 or MATH1115 or MATH19XX)]
Prerequisites (P) for DATA2002 amended to:
P DATA1X01 or ENVX1002 or BUSS1020 or ECMT1010 or [(MATH1062 or MATH1962 or MATH1972) and (STAT2011 or STAT2911)] or [MATH1X05 and (MATH1001 or MATH1002 or MATH1003 or MATH1004 or MATH1021 or MATH1023 or MATH1115 or MATH19XX)]
8/02/2024 Prerequisites (P) for DATA2902 published as:
P A mark of 65 or above in (DATA1X01 or ENVX1002 or BUSS1020 or ECMT1010 or [MATH1X05 and (MATH1001 or MATH1002 or MATH1003 or MATH1004 or MATH1021 or MATH1023 or MATH1115 or MATH19XX)])
Prerequisites (P) for DATA2902 amended to:
P A mark of 65 or above in (DATA1X01 or ENVX1002 or BUSS1020 or ECMT1010 or [(MATH1062 or MATH1962 or MATH1972) and (STAT2011 or STAT2911)] or [MATH1X05 and (MATH1001 or MATH1002 or MATH1003 or MATH1004 or MATH1021 or MATH1023 or MATH1115 or MATH19XX)])
8/02/2024 Prerequisites (P) for STAT2011 published as:
P (MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and (DATA1X01 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020)
Prerequisites (P) for STAT2011 amended to:
P (MATH1X61 or MATH1971 or MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and (DATA1X01 or  MATH1X62 or MATH1972 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020)
8/02/2024 Prerequisites (P) for STAT2911 published as:
P (MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and a mark of 65 or greater in (DATA1X01 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020)
Prerequisites (P) for STAT2911 amended to:
P (MATH1X61 or MATH1971 or MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and a mark of 65 or greater in (DATA1X01 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020 or MATH1X62 or MATH1972)
8/02/2024 Prerequisites (P) for MATH2070 published as:
P (MATH1X21 or MATH1011 or MATH1931 or MATH1X01 or MATH1906) and (MATH1014 or MATH1X02)
Prerequisites (P) for MATH2070 amended to:
P (MATH1061 or MATH1961 or MATH1971) or [(MATH1X21 or MATH1011 or MATH1931 or MATH1X01 or MATH1906) and (MATH1014 or MATH1X02)]
8/02/2024 Prerequisites (P) for MATH2970 published as:
P [MATH19X1 or MATH1906 or (a mark of 65 or above in MATH1021 or MATH1001)] and [MATH1902 or (a mark of 65 or above in MATH1002)]
Prerequisites (P) for MATH2970 amended to:
P [MATH1961 or MATH1971 or (a mark of 65 or above in MATH1061)] or [(MATH19X1 or MATH1906 or (a mark of 65 or above in MATH1021 or MATH1001)) and (MATH1902 or (a mark of 65 or above in MATH1002))]
19/02/2024 Prerequisites (P) for STAT2011 published as:
P (MATH1X61 or MATH1971 or MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and (DATA1X01 or MATH1X62 or MATH1972 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020)
Prerequisites (P) for STAT2011 amended to:
P (MATH1X61 or MATH1971 or MATH1X21 or MATH1931 or MATH1X01 or MATH1906 or MATH1011) and (DATA1X01 or MATH1X62 or MATH1972 or MATH10X5 or MATH1905 or STAT1021 or ECMT1010 or BUSS1020)