#### Semester(s) Offered:

#### Prerequisite(s):

MAP 3105 Matrix and Linear Algebra, MAC 2313 Calculus III, or consent of instructor.

#### Textbook(s):

Introduction to Mathematical Finance: Discrete Time Models, by Stanley R. Pliska

#### Description:

Single-period market model, arbitrage opportunity, risk-neutral probability measure, completeness of market, mean-variance portfolio analysis, multi-period market and binomial tree model, contingent claim pricing.