Course Overview
The unifying premise for Financial Mathematics is more than just a collection of techniques applied to a common problem area. Rather, it quantifies and enables much of the modern interplay in global markets among companies, investors, and financial agents; constrained or constructed by the actions of central banks, regulators and governments. Global financial agents, which include broker-dealers on Wall Street, in London, Hong Kong and elsewhere, create and package (or repackage) capital products and services into the instruments that are so vital to the course of world-wide capital allocation, investment, and risk transfer. None of this could occur today without the sophisticated approaches enabled by financial mathematics which have evolved over the past 25 years. First, there is no question that mastery of computing is essential to Financial Mathematics. Thus, every graduate must have a working knowledge of the utilization of computers in Financial Mathematics. This includes such topics as: computer programming (in C/C++) , use of numerical software packages, symbolic computations, and the implementation of interfaces between algorithms and data. As important as computing, so also is the need for effective communication. We will require that students refine their communication skills by frequently making presentations in a seminar setting or similar forum, and acquire the critical technical and oral presentation skills through coursework and from the expertise available in Johns Hopkins' Professional Communications program.