Actuarial and Financial Sciences

Learning goals To provide an understanding of derivatives contracts and the models used to price them. The arbitrage theorem and the modern financial theory represent the building blocks for the model development and understanding Knowledge and understanding It is expected the learning of the basic elements of classical mathematical finance to understand how financial markets work and how complex financial insruments can be assessed. The ability of the autonomous use of the financial techniques in several activities and works in this sector are also expected, as well as making autonomous judgements ability, learning and communication abilities. Applying knowledge and understanding Each theoretical concept will be applied to real cases. Students will be assessed according to their ability to solve specific problems. Making judgements Each student will be required to download real market data and validate the pricing models used for option contracts or futures and he will be able to validate his/her ability to do so. Communication skills Each student will be required to present the application of studied methodologies to solve a real problem. Learning skills. The learned concepts will be tested having each student to undertake a final exam.