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Numerical Techniques in Finance (FNCE40003)
HonoursPoints: 12.5On Campus (Parkville)
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About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | Semester 1 |
---|---|
Fees | Look up fees |
Numerical techniques focuses on the theory and application of numerical methods for solving financial problems. The applications may include option valuation, value at risk, term structure modelling, portfolio simulation and optimisation and capital budgeting. These applications motivate the study of matrix methods, the solutions of linear and nonlinear equations, interpolation and approximation methods, numerical integration and Monte Carlo methods. No prior programming experience is required as the principles of programming are covered.
Intended learning outcomes
- Explain the principles of object-orientated programming.
- Design computer programs that implement solutions in an efficient and effective manner.
- Analyse the effects of numerical errors on computer-based finance models.
- Use a variety of numerical procedures to solve quantitative finance problems.
- Identify and analyse the assumptions, limitations and implementations of computer-based financial. models.
- Evaluate the applicability of various mathematical techniques to classes of finance problems
Generic skills
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High level of development: problem solving; application of theory to practice; use of computer software; accessing data and other information from a range of sources.
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Moderate level of development: team work; interpretation and analysis.
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Some level of development: written communication; statistical reasoning; critical thinking; synthesis of data and other information; evaluation of data and other information.
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
Students must meet one of the following prerequisite options:
Option 1
Admission into the BH-COM Bachelor of Commerce (Degree with Honours)
AND
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE30001 | Investments |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Option 2
Admission into the MC-COMACTS Master of Commerce (Actuarial Science)
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 31 January 2024
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
Assignment
| Week 6 | 10% |
Assignment
| Week 12 | 50% |
Presentation (500 words)
| Week 12 | 10% |
End-of-semester examination
| During the examination period | 30% |
Last updated: 31 January 2024
Dates & times
- Semester 1
Principal coordinator Jonathan Dark Mode of delivery On Campus (Parkville) Contact hours Three hours of lectures and workshops per week Teaching period 2 March 2020 to 7 June 2020 Last self-enrol date 13 March 2020 Census date 30 April 2020 Last date to withdraw without fail 5 June 2020 Assessment period ends 3 July 2020 Semester 1 contact information
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Commerce (Actuarial Science) - Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 31 January 2024