# Year 3 MMORSE Actuarial and Financial Mathematics Course Regulations

In This Section:
Course Regulations

 Year 1 MORSE Year 2 MORSE Year 3 BSc MORSE Year 3 MMORSE Year 4 MMORSE

Handbook Index

## MORSE Handbook Contents

 Index 1 General Information 2 Course Regulations and Progression 3 Module Selection and Course Transfers 4 Teaching, Learning and Study 5 Examinations and Assessment 6 Pastoral Care and Support 7 Student Voice 8 Careers and Personal Development 9 University Information

#### 2.8 Year 3 MMORSE Actuarial and Financial Mathematics Course Regulations

Objective: To provide students with a sound theoretical and practical basis for careers and research in financial mathematics and to prepare students for an actuarial career.

Syllabus: This comprises three interlocking strands:

• Background knowledge on financial institutions and financial instruments.
• Construction and analysis of financial models - these models are predominantly stochastic so that the key techniques are probability, time series modelling and stochastic processes.
• Analysis of financial data: the key techniques are regression and linear models, multivariate data analysis, time series & forecasting, and risk analysis

These requirements are in addition to the course regulations for all streams of MMORSE which must also be satisfied.

Students must take the core modules, at least 15 CATS from List A and at least 30 CATS from List B. In addition students must choose an appropriate number of modules from List A, List B, Optional Modules and Unusual Options to reach the minimum load.

###### Core
Code Name CATS Term
ST318 Probability Theory 15 2
ST339 Introduction to Mathematical Finance 15 1
ST404 Applied Statistical Modelling 15 2
ST342 Mathematics of Random Events 15 1
OR
MA359 Measure Theory 15 1

The teaching term shown is for information only and does not form part of the official course regulations. Variations observed on the module pages and / or university timetable should be considered to be a more definitive source of information.

###### List A

Listed modules are subject to change from year to year and some modules may be subject to availability / module pre-registration.

Code Name CATS Term
EC306 Econometrics 2: Time Series 15 2
EC338 Econometrics 2: Microeconometrics 15 1
IB352 Applied Optimisation Methods 15 2
IB3K2 Financial Optimisation 15 2
ST334 Actuarial Methods 15 1
ST335 Finance and Financial Reporting 15 1
ST338 Actuarial Models 15 2
ST345 Life Contingencies 15 2

The teaching term shown is for information only and does not form part of the official course regulations. Variations observed on the module pages and / or university timetable should be considered to be a more definitive source of information.

###### List B

Listed modules are subject to change from year to year and some modules may be subject to availability / module pre-registration.

Code Name CATS Term
ST301 Bayesian Statistics and Decision Theory 15 1
ST323 Multivariate Statistics 15 1
ST333 Applied Stochastic Processes 15 1
ST337 Bayesian Forecasting and Intervention 15 2
ST344 Professional Practice of Data Analysis 15 1
ST346 Generalized Linear Models for Regression and Classification 15 1
ST405 Bayesian Forecasting and Intervention with Advanced Topics 15 2
ST406 Applied Stochastic Processes with Advanced Topics 15 1
ST412 Multivariate Statistics with Advanced Topics 15 1
ST413 Bayesian Statistics and Decision Theory with Advanced Topics 15 1

The teaching term shown is for information only and does not form part of the official course regulations. Variations observed on the module pages and / or university timetable should be considered to be a more definitive source of information.

###### Optional Modules

Optional modules are subject to change from year to year and some modules may be subject to availability / module preregistration.

For students who entered before 2020/2021: Option modules that do not require an unusual option form are those listed in any stream of the third or fourth year of any MMORSE stream or in the third year of BSc MORSE.

For students who entered in or after 2020/2021: Option modules that do not require an unusual option form are those listed in any stream of the third year of any MMORSE stream or BSc MORSE.

An illustrative table of modules that may be listed in other MORSE streams / programmes is shown below.

This was taken at a single snapshot in time - it is not a definitive guide and students are required to check that these modules are still listed in other streams / programmes.

Code Name CATS Term Source
EC208 Industrial Economics 1: Market Structure 15 1 G30B year 3, Y602 year 3
EC301 Mathematical Economics 2: Dynamics, Uncertainty , Asymmetrical Information 15 2 G30B year 3, G30B year 4, Y602 year 3
EC303 The British Economy in the Twentieth Century (suspended in 20/21) 15 1 G30B year 3, Y602 year 3
EC307 Macroeconomic Policy in the EU 15 2 G30B year 3, Y602 year 3
EC310 Topics in Development Economics 15 2 G30B year 3, Y602 year 3
EC312 International Economics 15 1 G30B year 3, Y602 year 3
EC313 The International Economy in the Twentieth Century 15 2 Y602 year 3
EC314 Topics in Economic Theory 15 2 G30B year 3, G30B year 4, Y602 year 3
EC320 Economics of Public Policy 15 1 Y602 year 3
EC326 Industrial Economics 2: Strategy , Planning 15 2 Y602 year 3
EC331 Research in Applied Economics 30 1, 2 G30B year 3, Y602 year 3
EC333 Topics in Financial Economics: Theories and International Finance 15 1 G30B year 3, G30B year 4, Y602 year 3
EC334 Topics in Financial Economics: Corporate Finance and Markets 15 2 G30B year 3, G30B year 4, Y602 year 3
EC336 International Trade 15 2 Y602 year 3
EC337 Industrial Economics 2: Market Economics, Competition , Regulation 15 1 Y602 year 3
EC341 Mathematical Economics 2: Mechanism Design and Alternative Games 15 1 G30B year 3, G30B year 4, Y602 year 3
EC901 Economics Analysis 44 1 G30B year 4
EC9011 Economic Analysis: Microeconometrics 24 1 G30B year 4
EC910 Quantitative Methods: Econometrics B 50 1, 2 G30B year 4
EC924 Monetary Economics 18 2 G30B year 4
EC931 International Trade 18 2 G30B year 4
EC941 Game Theory 18 2 G30B year 4
EC943 Industrial Economics 18 2 G30B year 4
IB2C5 Foundations of Marketing 15 1 Y602 year 3
IB253 Principles of Finance 1 15 1 Y602 year 3
IB254 Principles of Finance 2 15 2 Y602 year 3
IB320 Simulation 15 2 G30C year 3, Y602 year 3
IB337 Business Taxation 15 2 Y602 year 3
IB349 Operational Research for Strategic Planning 15 1 G30C year 3, G30C year 4, Y602 year 3
IB359 Derivatives and Risk Management 15 2 Y602 year 3
IB361 Equality and Diversity 15 1 Y602 year 3
IB362 Managing Human Resources 15 1 Y602 year 3
IB365 Marketing Communications 15 1 Y602 year 3
IB368 International Business Strategy 15 2 Y602 year 3
IB370 Managing Strategy in the Digital Era 15 2 Y602 year 3
IB382 Project Management 15 1 Y602 year 3
IB384 Supply Chain Management 15 1 Y602 year 3
IB395 Finance in New Ventures 15 1 Y602 year 3
IB396 Financial Statement Analysis , Security Valuation 15 2 Y602 year 3
IB3A7 The Practice of Operational Research 15 2 G30C year 3, G30C year 4, Y602 year 3
IB3F0 Auditing, Governance , Accountability 15 1 Y602 year 3
IB3J2 Decision Making Under Uncertainty 15 1 G30C year 3, G30C year 4, Y602 year 3
IB3J3 Mathematical Game Theory 15 1 G30C year 3, G30C year 4, Y602 year 3
IB408 Operational Research for Strategic Planning with Advanced Topics 15 1 G30C year 4
IB410 Mathematical Game Theory with Advanced Topics 15 1 G30C year 4
IB411 Decision Making under Uncertainty with Advanced Topics 15 1 G30C year 4
IB9HP Data Management 15 1 G30C year 4
IB9EO Pricing Analytics 15 2 G30C year 4
IB9BS Supply Chain Analytics 15 2 G30C year 4
IB9BW Analytics in Practice 15 1 G30C year 4
IB9CW Text Analytics 15 2 G30C year 4
IE3E1 Introduction to Secondary School Teaching 24 2 Y602 year 3
MA222 Metric Spaces 12 2 G30D year 3, Y602 year 3
MA241 Combinatorics 12 1 G30D year 3, Y602 year 3
MA243 Geometry 12 1 G30D year 3, Y602 year 3
MA249 Algebra II: Groups and Rings 12 2 G30D year 3, Y602 year 3
MA250 Introduction to Partial Differential Equations 12 2 G30D year 3, Y602 year 3
MA251 Algebra I: Advanced Linear Algebra 12 1 G30D year 3, Y602 year 3
MA252 Combinatorial Optimization 12 2 G30D year 3, Y602 year 3
MA256 Introduction to Systems Biology (suspended in 20/21) 6 3 G30D year 3, Y602 year 3
MA257 Introduction to Number Theory 12 2 G30D year 3, Y602 year 3
MA258 Mathematical Analysis III 12 1 G30D year 3, Y602 year 3
MA259 Multivariable Calculus 12 1 G30D year 3, Y602 year 3
MA377 Rings and Modules 15 2 G30D year 3, G30D year 4, Y602 year 3
MA390 Topics in Mathematical Biology 15 1 G30D year 3, G30D year 4, Y602 year 3
MA398 Matrix Analysis and Algorithms 15 1 G30D year 3, G30D year 4, Y602 year 3
MA3A6 Algebraic Number Theory 15 1 G30D year 3, G30D year 4, Y602 year 3
MA3B8 Complex Analysis 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3D1 Fluid Dynamics 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3D4 Fractal Geometry 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3D5 Galois Theory 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3D9 Geometry of Curves and Surfaces 15 1 G30D year 3, G30D year 4, Y602 year 3
MA3E1 Groups and Representations 15 1 G30D year 3, G30D year 4, Y602 year 3
MA3F1 Introduction to Topology 15 1 G30D year 3, G30D year 4, Y602 year 3
MA3F2 Knot Theory (suspended in 20/21) 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3G1 Theory of PDEs 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3G6 Commutative Algebra 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3G7 Functional Analysis I 15 1 G30D year 3, G30D year 4, Y602 year 3
MA3G8 Functional Analysis II 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3H0 Numerical Analysis and PDEs 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3H2 Markov Processes and Percolation Theory 15 1 G30D year 3, G30D year 4, Y602 year 3
MA3H3 Set Theory 15 1 G30D year 3, G30D year 4, Y602 year 3
MA3H5 Manifolds 15 1 G30D year 3, G30D year 4
MA3H6 Algebraic Topology 15 2 G30D year 3, G30D year 4
MA3H7 Control Theory 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3J2 Combinatorics II 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3J9 Historical Challenges in Mathematics 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3K0 High Dimensional Probability (suspended in 20/21) 15 2 G30D year 3, G30D year 4, Y602 year 3
MA3K1 Mathematics of Machine Learning 15 1 G30D year 3, G30D year 4, Y602 year 3
MA424 Dynamical Systems 15 1 G30D year 4
MA426 Elliptic Curves 15 2 G30D year 4
MA427 Ergodic Theory 15 2 G30D year 4
MA433 Fourier Analysis 15 1 G30D year 4
MA453 Lie Algebras 15 2 G30D year 4
MA475 Riemann Surfaces (suspended in 20/21) 15 2 G30D year 4
MA482 Stochastic Analysis 15 2 G30D year 4
MA4A2 Advanced PDEs 15 1 G30D year 4
MA4A5 Algebraic Geometry 15 2 G30D year 4
MA4A7 Quantum Mechanics: Basic Principles and Probabilistic Methods 15 2 G30D year 4
MA4C0 Differential Geometry 15 1 G30D year 4
MA4E0 Lie Groups 15 2 G30D year 4
MA4E7 Population Dynamics: Ecology and Epidemiology 15 2 G30D year 4
MA4H4 Geometric Group Theory 15 2 G30D year 4
MA4H8 Ring Theory (suspended in 20/21) 15 1 G30D year 4
MA4J0 Advanced Real Analysis 15 2 G30D year 4
MA4J3 Graph Theory 15 1 G30D year 4
MA4L2 Statistical Mechanics 15 2 G30D year 4
MA4M1 Epidemiology by Example 15 2 G30D year 4
ST305 Designed Experiments 15 2 G30C year 4, G30D year 3, G30D year 4, Y602 year 3
ST313 Third Year Essay / Project (suspended in 20/21) 15   Y602 year 3
ST329 Topics in Statistics (suspended in 20/21) 15 2 G30C year 4, G30D year 3, G30D year 4, Y602 year 3
ST332 Medical Statistics 15 2 G30C year 4, G30D year 3, G30D year 4, Y602 year 3
ST340 Programming for Data Science 15 2 G30C year 4, G30D year 3, G30D year 4, Y602 year 3
ST341 Statistical Genetics 15 2 G30C year 4, G30D year 3, G30D year 4, Y602 year 3
ST343 Topics in Data Science 15 2 G30C year 4, G30D year 3, G30D year 4, Y6n02 year 3
ST401 Stochastic Methods in Finance 15 1 G30C year 4, G30D year 4
ST402 Risk Theory 15 2 G30C year 4, G30D year 4
ST403 Brownian Motion 15 1 G30C year 4, G30D year 4
ST407 Monte Carlo Methods 15 1 G30C year 4, G30D year 4
ST409 Medical Statistics with Advanced Topics 15 2 G30C year 4, G30D year 3, G30D year 4
ST410 Designed Experiments with Advanced Topics 15 2 G30C year 4, G30D year 3, G30D year 4
ST411 Dynamic Stochastic Control (suspended in 20/21) 15 1 G30C year 4, G30D year 4
ST414 Advanced Topics in Statistics (suspended in 20/21) 15 2 G30C year 4, G30D year 4
ST417 Topics in Applied Probability (suspended in 20/21) 15 3 G30C year 4, G30D year 4
ST418 Statistical Genetics with Advanced Topics 15 2 G30C year 4, G30D year 3, G30D year 4
ST419 Advanced Topics in Data Science 15 2 G30C year 4, G30D year 3, G30D year 4
ST420 Statistical Learning and Big Data 15 2 G30C year 4, G30D year 4
ST909 Applications of Stochastic Calculus for Finance 15 2 G30B year 4, G30C year 4, G30D year 4
ST958 Advanced Trading Strategies (suspended in 20/21) 15 2 G30C year 4, G30D year 4

The teaching term shown is for information only and does not form part of the official course regulations. Variations observed on the module pages and / or university timetable should be considered to be a more definitive source of information.