MAP6605: Topics in Financial Mathematics 3
Prerequisite:  MAA 4211 and 4212, STA 4321, or permission of the department. Topics will include an introduction to options and derivatives, pricing via arbitrage, binomial and multi-period models, Brownian motion, Ito integral, Black-Scholes stochastic differential equation, and application to option pricing, hedging, valuing by utility, and exotic options.