Glossary

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Quantitative Risk - MATHR13986

Stream Summary

Faculty: SCI - Faculty of Science

School: School of Mathematics and Statistics

Contact: http://www.maths.unsw.edu.au/

Program: 3986 - Advanced Mathematics

Award(s):

Bachelor of Science (Advanced Mathematics) (Major)

View stream information for previous years

Stream Outline

Quantitative Risk is an emerging field that addresses risk in banking, financial and related areas. The study stream is taught in conjunction with the Schools of Banking and Finance and Actuarial Studies.

Note: enrolment in this stream requires permission from the Head of School of Mathematics and Statistics.

Stream Structure

A major in Quantitative Risk is comprised of 114 units of credit of courses as follows:

Stage 1

ACCT1501 Accounting & Financial Mgt 1A (6 UOC)
ECON1101 Microeconomics 1 (6 UOC)
FINS1613 Business Finance (6 UOC)
MATH1151 Maths - Actuarial & Finance 1A (6 UOC)
MATH1251 Maths - Actuarial & Finance 1B (6 UOC)

6 UOC of level I Science course. (Please refer to the program page 3986 Advanced Mathematics for a definition of "Science" courses.)

Recommended electives (these courses are not required but are recommended as good complementary courses for this major when students are choosing electives):

COMP1911 Computing 1A (6 UOC)
FINS1612 Capital Markets & Institution (6 UOC)
MATH1081 Discrete Mathematics (6 UOC)

Stage 2

ACTL2001 Financial Mathematics (6 UOC) or ACTL2111 Financial Mathematics for Actuaries

FINS2624 Portfolio Mgmt (6 UOC)
MATH2111 Higher Several Variable Calc (6 UOC)
MATH2601 Higher Linear Algebra (6 UOC)
MATH2881 Quantitative Risk (6 UOC)
MATH2901 Higher Theory of Statistics (6 UOC)
MATH2931 Higher Linear Models (6 UOC)

Stage 3

ACTL3003 Insurance Risk Models (6 UOC) or ACTL3162 General Insurance Techniques

FINS3635 Options, Futures&Risk Mgmt (6 UOC)
MATH3901 Higher Prob & Stochastic Proc (6 UOC)

FINS3636 Interest Rate Risk Management (6 UOC) or FINS3655 Behavioural Finance (6 UOC)
12UOC of level III Mathematics or Statistics courses approved by the Head of School of Mathematics and Statistics or nominee

General Education

Where a student is required to take General Education by their program rules and they are undertaking a major in Quantitative Risk, course(s) from the Faculty of Science or the Australian School of Business cannot be taken to meet their General Education requirements. For more information regarding this, please contact the Science Student Centre.