You can choose the 3, 5 or 6 credit version of the course:
lectures, exercises, and either two mid-term examinations (recommended) or a final examination
Final grade: examination 100 %
lectures, exercises, either two mid-term examinations (recommended) or a final examination AND a computer assignment with real data, done in a group of 2-3 persons or alone (Matlab (recommended), R, VBA, Python). The computer assignment will be given in the end of the 5thlecture.
Final grade: approximately: examinations 80 %, assignment 20 %. This means that your final grade is basically determined by the examination(s). However, a very good assignment can affect positively your final grade ifyou would have needed 1-2 points more from the examination(s) for a better grade.
Assume that you got Apoints from the examination. With Apoints, the final grade would be 3. For the final grade 4, you would have needed A+2 points. Luckily, your computer assignment is verygood. This good assignment rises the final grade to 4.
Assume that you made the assignment with a friend who got A-3 points from the examination. His final grade is also 3. He would have needed as much as 5 points more to get the final grade 4. 5points is so much that even an excellent computer assignment cannot rise the final grade to 4.
Same as 5 credit version + written assignment (6-10 pages). The topic of the assignment can be chosen quite freely. The written assignment does not effect on the final grade.
You don’t need to decide in advance which version of the course (3, 5, or 6 cr) you take.
Wilmott, Paul: Paul Wilmott Introduces Quantitative Finance, 2 edition, John Wiley and Sons, Ltd
Note that there is a book by Wilmott with a very similar name ‘Wilmott on Quantitative Finance’ in 3 volumes. We are not reading it.
You can take either two mid-term examinations or the final examination (or both).
- The first mid-term examination is on Wednesday, October 23, 2019
- The second mid-term examination is on Thursday, December 11, 2019
- The final examination is on December 11, 2019
All examinations will be based on lectures and exercises.