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Computational Finance, Minor

Minor in Computational Finance

Overview

Unlike the major in Computational Finance, there is no application process for the minor in Computational Finance, however in order to declare the minor in Computational Finance, a student must satisfy one of the following sets of requirements:

  1. Completion of 21-270 Introduction to Mathematical Finance with a grade of A and an overall QPA of at least 3.20; OR
  2. Completion of 21-270 and 21-370 Discrete Time Finance with an average grade of B and an overall QPA of at least 3.00; OR
  3. Completion of 21-270 and 21-378 Mathematics of Fixed Income Markets with an average grade of B and an overall QPA of at least 3.00.

When a student has met the necessary requirements, he or she may declare the minor by contacting the Associate Director of the Undergraduate Computational Finance program.

Course Requirements

Units
21-241Matrices and Linear Transformations11
or 21-242 Matrix Theory
21-259Calculus in Three Dimensions9-12
or 21-256 Multivariate Analysis
or 21-268 Multidimensional Calculus
or 21-269 Vector Analysis
21-260Differential Equations9-10
or 21-261 Introduction to Ordinary Differential Equations
21-270Introduction to Mathematical Finance9
21-370Discrete Time Finance *9
21-420Continuous-Time Finance **9
*

The prerequisites for 21-370 are 21-270 and either 21-256 or 21-259 , and the co-requisite is 70-207 , 21-325 , 36-225 or 36-219.  Note that 70-207 is not accepted as a prerequisite for 21-420.

**

The prerequisites for 21-420 are 21-260 , 21-370 and one of the following three calculus based probability courses: 21-325 , 36-225 or 36-219 . Note that 70-207 is not a sufficient preparation in probability. Also note that 21-122 is a prerequisite for 21-260 and that 21-127 is recommended for 21-241 .

Students minoring in Computational Finance are strongly encouraged to take one or two economics course, e.g., 73-102, 73-103, 73-230 , or 73-240.

Double Counting

To avoid excessive double counting, Computational Finance minors may not count 21-270 Introduction to Mathematical Finance, 21-370 Discrete Time Finance or 21-420 Continuous-Time Finance toward any other requirement.

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