Maths Refresher

Maths Refresher Course

Course Outline:
Mathematics is at the heart of financial techniques, but many finance texts and courses assume a lot of prior knowledge. This programme aims to bridge the gap between mathematical theory and financial practice by providing a practical and visual approach to the most useful theories and methods. Calculations will be fully explained, and Excel spreadsheets will be used as a supporting resource to provide further examples.

Who The Course is For :
Anyone who needs to develop their understanding and use of mathematics in a financial context.

Prior Knowledge:
School-level maths and some basic familiarity with Excel.


Course Programme*
Day One
Algebraic Functions

Linear, quadratic, polynomial functions and splines
Gradients, rates of change and differential calculus

Workshops:
     - Applications of optimisation
     - Yield curves, duration and convexity

Matrix Algebra

Matrix rules and operations
Simultaneous equations and solutions

Workshops:
      - Covariance matrix, risk and return
      - Matrices for hedging calculations
Day Two
Probability

Sets, diagrams, notation and probability laws
Normal, binomial and other probability distributions

Workshops:
      - Probability of bond default
      - Stochastic processes in markets

Forecasting and Regression

Correlation, linear and multiple regression
Real data and cautions in forecasting

Workshops:
      - Forecasting models
      - Time series of prices and volatility

* Subject to change. Please contact provider for more information.

This program is eligible for 16 Continuing Education credit hours from the CFA Institute. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.