Banking And Finance

Mathematics for Finance: An Introduction to Financial Engineering

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True to its title, this book itself is an excellent financial investment. For the price
of one volume it teaches two Nobel Prize winning theories, with plenty more
included for good measure. How many undergraduate mathematics textbooks
can boast such a claim?
Building on mathematical models of bond and stock prices, these two theories
lead in different directions: Black–Scholes arbitrage pricing of options and
other derivative securities on the one hand, and Markowitz portfolio optimisation
and the Capital Asset Pricing Model on the other hand. Models based on
the principle of no arbitrage can also be developed to study interest rates and
their term structure. These are three major areas of mathematical finance, all
having an enormous impact on the way modern financial markets operate. This
textbook presents them at a level aimed at second or third year undergraduate
students, not only of mathematics but also, for example, business management,
finance or economics

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Detail Information

Series Title

Mathematics for Finance: An Introduction to Financial Engineering

Call Number

-

Publisher

USA : Springer-Verlag London Limited., 2003

Collation

1-321

Language

English

ISBN/ISSN

1-85233-330-8

Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

1st Edition

Subject(s)

Finance

Specific Detail Info

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Statement of Responsibility

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