MASTER'S in FINANCE

Course Description

FINA605: Probability Theory and Discrete-Time Finance

Note: All courses carry three (3) credits unless otherwise stated.

This course examines the main tools in modern probability theory including probability distributions and their properties, the concept of conditional expectation of a random variable, and important limit theorems. The course also introduces the theory of stochastic processes with particular attention to martingales and their properties.

Students develop an understanding of probability theory and grasp it as the theoretical framework for mathematical finance.