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Financial mathematics is an undergraduate major in Chinese universities, which belongs to economics. The basic study period is four years, and the bachelor's degree in economics is awarded.
Financial mathematics mainly studies basic knowledge and skills such as mathematics, statistics, operational research and finance. It mainly uses mathematical tools such as mathematical functions and formulas to study finance, and makes quantitative analysis such as mathematical modeling, theoretical analysis and numerical calculation, so as to find the internal laws of finance to guide practice.
The main courses of financial mathematics in advanced algebra and multivariate statistical analysis include mathematical analysis, probability theory, operational research, western economics, money and banking, financial engineering and financial mathematics. Real variable function,
The employment direction of financial mathematics major is the financial work of banks, securities companies, insurance companies, large asset management companies, financial leasing, guarantee companies and some enterprises and institutions.
Financial mathematics is a new discipline and an important part of "financial high-tech". The research goal is to make use of some advantages in China's mathematics field, deeply analyze the mathematical theory of financial market equilibrium and securities pricing, establish a mathematical model suitable for China's national conditions, write certain computer software, and simulate the theoretical research results.
Conduct econometric analysis and research on the actual data, and provide in-depth technical analysis and consultation for the actual financial sector. The core content is to study the optimal selection theory of portfolio and the asset pricing theory under uncertain random environment. Arbitrage, optimality and equilibrium are the basic ideas of economics and the three basic concepts of financial mathematics.
Collins/Kloc-0, vice president of Citibank in the United States, pointed out in his speech at Newton Institute of Mathematical Sciences at Cambridge University on March 6, 1995: "1At the beginning of the 8th century, Bernoulli, a famous mathematician of Newton's contemporaries, declared:' People who are engaged in physical research but don't know mathematics actually deal with things of little significance.'
At that time, this statement was correct for physics, but not necessarily for banking. /kloc-in the 0/8th century, banks can be run well without any mathematical training. What used to apply to physics also applies to banking now. So now we can say,' People who work in banks but don't know math are actually dealing with things that don't make much sense'.