GO TO Graduate Mathematics Courses Page GO TO Mathematics and Statistics Home Page Beyond the Catalog: Notes or Advice Course Description: This course contains discrete-time and continuous-time
asset pricing models for Financial Derivatives including
European option, American option and other exotic options.
For discrete-time models, The Cox-Ross-Rubinstein Model
(or Binomial model) will be discussed. For continuous-time
models, Black-Scholes Model will be discussed. The basic
financial theory behind them is not arbitrary, and will be
defined mathematically. The tool will be probability theory,
especially, martingale theory of discrete-time and continuous
time. BACK to Top of Page UMKC Degrees and Courses Requiring this course Degrees requiring this course
None.
This course is prerequisite to the following courses: