< Financial Mathematics : BSc Hons (Full Time)

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Financial Mathematics

BSc Hons (Full Time)

Year:14/15
UCAS Code:GN13
Minimum Length:3 Year(s)
Credit Points:360
Part II Weight:8
Part II Year 2 Weight:4
Part II Year 3 Weight:4
Part II Year 4 Weight:0
Director of Studies:Not known

Educational Aims: Knowledge, Understanding and Skills

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Students will obtain a basic training in Mathematics, Statistics and Finance. The ultimate aim of this degree scheme is to give students a mathematically rigorous introduction to finance.

Graduates will be highly employable, being well equipped to enter the finance sector and related industries.

Mathematics

The Department's educational aims are:

  • To create a teaching and learning environment which supports all students in reaching their full potential in their study of mathematics at BSc/BA level;
  • To offer a high-quality teaching and learning programme, informed by staff research, designed to train students in preparation for a wide range of postgraduate education and employment.

The aims of the BSc/BA Mathematics programme are:

  • To provide students with analytical techniques and problem-solving skills that can be applied in many types of employment, especially those involving logical skills, decision-making in complex circumstances, or advanced skills of numeracy;
  • To offer modules of study which, individually and collectively, enable students to appreciate both the theoretical and problem-solving aspects of mathematics;
  • To provide students with enough core material, of sufficient depth and variety, in the first two levels of study that they are adequately prepared and informed for subsequent study in either or both of pure mathematics and statistics;
  • To provide a programme of study that allows students to specialize in either pure mathematics or statistics, or to take a coherent blend of each at the third level of study of a BSc/BA;
  • To maintain a programme of study that introduces the background of current research in pure mathematics and statistics;
  • To produce alumni recognised for the distinctive value of their education on this programme.

 

Finance

The overall aim of the programme is to produce graduates with the theoretical and practical skills needed to embark on a career in finance worldwide. The programme provides an understanding of the fundamental concepts required within the finance discipline, and it encourages critical reflection on these concepts as a basis for evaluating future changes in financial markets and the finance sector.

The main aims are:

  • To develop an understanding of corporate finance theory paradigms.
  • To develop an understanding of the operation of financial markets in the global context.
  • To develop knowledge of the fundamental concepts in economics necessary for the study of finance.
  • To develop an understanding of methods for valuing financial securities, using economic principles, and appropriate mathematics and accounting concepts.
  • To develop a knowledge of risk management.
  • To develop an understanding of how accounting statements are compiled and used within organisations and by outsiders.
  • To give students the opportunity to study other subjects of their choice, consistent with the Universitys commitment to a flexible degree structure.
  • To develop a desire for life long learning and thinking.
  • To provide a sound basis for future professional development and additional qualifications.

Learning Outcomes: Knowledge, Understanding and Skills

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Mathematics

Subject-specific Knowledge, Understanding and Skills

On completing the programme students should have acquired:

  • An understanding of and competence in the key ideas and techniques, and knowledge of the statement and proof of key results, both within the core areas of real and complex analysis, linear and abstract algebra, and probability and statistics, and in the more advanced topics chosen in the third level of study;
  • An appreciation of the hierarchical structure of mathematical knowledge;
  • An understanding of mathematical notation, and an ability to use it correctly and coherently;
  • An appreciation of the importance of proof, generalization and abstraction in the logical development of formal theories;
  • An ability both to follow and correctly to construct mathematical proofs of appropriate degrees of complexity;
  • An understanding of the mathematical and contextual basis of statistics as a science, and an appreciation of the statistical paradigm, linking design and conduct of experiments and observations with data analysis, modelling and inference;
  • Experience of implementing the statistical paradigm in a range of general applications;
  • An ability to read and comprehend mathematical literature at an appropriate level;
  • An ability to use computers and specialist software to investigate and solve practical mathematical problems.

General Knowledge, Understanding and Skills

On completing the programme students should have acquired:

  • An ability to learn from various styles of presentation of material;
  • An ability to apply previously acquired knowledge to new situations, both to gain understanding and to solve problems;
  • An ability to use information skills to gain access to library and IT resources effectively in researching topics;
  • An ability to produce documents which accurately and effectively communicate scientific material to the reader;
  • An ability to make presentations based on prepared material;
  • An ability to work effectively both independently and as part of a small group;
  • An ability to work to deadlines, and experience in time management when working to a range of deadlines.

Finance

Knowledge and Understanding

  • The fundamental concepts of finance and risk management and their application in the global market place.
  • The methods available for, and the basic principles governing, the production of financial reports to be used by those outside the company.
  • Quantitative techniques and skills with an appreciation of when and how they may be appropriately used.
  • The main roles performed by the finance-related professions and their significance for individual companies and the workings of the general economy.

Skills

Cognitive Skills

  • Reason analytically and critically.
  • Apply finance theory to appropriate practical situations.
  • Identify, analyse and suggest plausible solutions to problems encountered by finance professionals.
  • Create linkages between the material covered in the various modules of the programme.

Practical Skills

  • Locate, analyse and assimilate company information and data from various sources, both in paper and electronic form.
  • Plan, structure and conduct individual and group assignments of both written and computational forms.
  • Undertake computations of varying levels of complexity in various aspects of finance.
  • Be able to apply the use of Information Technology (IT) to the tasks outlined previously.

Transferable Skills

  • Rapidly assimilate facts and draw valid inferences.
  • Communicate ideas effectively, both orally and in writing.
  • Manage their time, and produce work by required deadlines.
  • Work productively in groups.
  • Work independently without the requirement for direct supervision.
Lancaster University
Bailrigg
LancasterLA1 4YW United Kingdom
+44 (0) 1524 65201