Download e-book for iPad: An Undergraduate Introduction to Financial Mathematics by J. Robert Buchanan

By J. Robert Buchanan

This textbook offers an advent to monetary arithmetic and monetary engineering for undergraduate scholars who've accomplished a 3- or four-semester series of calculus courses.

It introduces the idea of curiosity, discrete and non-stop random variables and likelihood, stochastic techniques, linear programming, the basic Theorem of Finance, choice pricing, hedging, and portfolio optimization. The reader progresses from an effective grounding in multi-variable calculus via a derivation of the Black–Scholes equation, its resolution, houses, and applications.


  • The concept of Interest
  • Discrete Probability
  • Normal Random Variables and Probability
  • The Arbitrage Theorem
  • Random Walks and Brownian Motion
  • Forwards and Futures
  • Options
  • Solution of the Black–Scholes Equation
  • Derivatives of Black–Scholes alternative Prices
  • Hedging
  • Optimizing Portfolios
  • American Options

Readership: Undergraduate scholars in economics, finance and utilized arithmetic; execs in banking, coverage and finance.

Show description

Read Online or Download An Undergraduate Introduction to Financial Mathematics PDF

Best calculus books

Elliptic Theory on Singular Manifolds (Differential and - download pdf or read online

The research and topology of elliptic operators on manifolds with singularities are even more advanced than within the tender case and require thoroughly new mathematical notions and theories. whereas there has lately been a lot development within the box, lots of those effects have remained scattered in journals and preprints.

Solutions Manual to Accompany Fundamentals of Calculus by Carla C. Morris,Robert M. Stark PDF

A ideas guide to accompany Fundamentals of Calculus basics of Calculus illustrates the weather of finite calculus with the numerous formulation for energy, quotient, and product principles that correlate markedly with conventional calculus. that includes calculus because the “mathematics of change,” each one bankruptcy concludes with a ancient notes part.

Download e-book for kindle: Treatise on Analysis: Volume 10 in International Series of by J. Dieudonné,Samuel Eilenberg,Hyman Bass,Laura Fainsilber

Treatise on research, quantity 10–VII offers details pertinent to the basic points of linear sensible equations. This ebook discusses the issues facing practical equations of scalar or of vectors. constituted of one bankruptcy, this quantity starts with an outline and research of the first innovations and instruments that experience triggered the growth within the learn of linear partial differential equations.

Download e-book for iPad: Calculus for Business, Economics, and the Social and Life by Laurence Hoffmann

Calculus for company Economics and the Social and existence Sciences short version presents a legitimate intuitive knowing of the fundamental suggestions scholars want as they pursue careers in company economics and the existence and social sciences. scholars be successful utilizing this article as a result author's utilized and real-world orientation to innovations problem-solving strategy basic and concise writing kind and accomplished workout units.

Additional info for An Undergraduate Introduction to Financial Mathematics

Sample text

Download PDF sample

An Undergraduate Introduction to Financial Mathematics by J. Robert Buchanan

by Kevin

Rated 4.01 of 5 – based on 15 votes