Preparatory Coursework

FM 5001/5002 Preparation for Financial Mathematics:

This is a two-semester refresher sequence in the mathematical background needed for the Financial Mathematics Master Degree program at the University of Minnesota, especially for the sequence FM 5011/5012. The main topics for review are calculus (in particular, multivariable calculus), linear algebra, probability theory, and differential equations (including an introduction to partial differential equations, with most of the emphasis on linear algebra and probability theory). It is assumed that students have had at least a course in multivariable calculus. Throughout FM 5001/5002, connections are made to basic concepts in financial mathematics.