Maths Refresher for Finance
"Well structured course with relevant and extremely useful content."
- Managing Director, Investment Management
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Course Outline
Mathematics is at the heart of financial techniques, but many finance texts and courses assume a lot of prior knowledge. This programme aims to bridge the gap between mathematical theory and financial practice by providing a practical and visual approach to the most useful theories and methods. Calculations will be fully explained, and Excel spreadsheets will be used as a supporting resource to provide further examples.
Who The Course is For
Anyone who needs to develop their understanding and use of mathematics in a financial context.
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Prior Knowledge
The maths that you knew at school and some basic familiarity with Excel.
This
program is eligible for
16 Continuing Education credit hours from the CFA Institute. If you are a
CFA Institute member, CE credit for your participation in this program
will be automatically recorded in your CE Diary.
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Day One
Algebraic Functions
- Linear, quadratic, polynomial functions and splines
- Gradients, rates of change and differential calculus
Workshops:
- Applications of optimisation
- Yield curves, duration and convexity
Matrix Algebra
- Matrix rules and operations
- Simultaneous equations and solutions
Workshops:
- Covariance matrix, risk and return
- Matrices for hedging calculations
Day Two
Probability
- Sets, diagrams, notation and probability laws
- Normal, binomial and other probability distributions
Workshops:
- Probability of bond default
- Stochastic processes in markets
Forecasting and Regression
- Correlation, linear and multiple regression
- Real data and cautions in forecasting
Workshops:
- Forecasting models
- Time series of prices and volatility
