Statistics with Finance

Course Structure

1. [\'Stochastic Processes\', \'Portfolio Theory and Asset Pricing Models\', \'Mathematics of Financial Derivatives\', \'Analysis of Large Data Sets\', \'Practical Statistics and Computing\', \'Modelling of Time-Dependent Data and Financial Econometrics\', \'Project\', \'Probability and Classical Inference\', \'Advanced Regression Modelling\', \'Bayesian Statistics\', "To give students the depth of technical appreciation and skills appropriate to masters\' level students in Statistics.", \'To equip students with a comprehensive and systematic understanding of theoretical and practical Statistics, and their uses in Finance.\', \'To develop students\\x92 capacity for rigorous reasoning and precise expression.\', \'To develop students\\x92 capabilities to formulate and solve problems relevant to Statistics.\', \'To develop in students appreciation of recent developments in Statistics, and of the links between the theory of Statistics and financial modelling (and other areas of application).\', \'To develop in students a logical, mathematical approach to solving problems.\', \'To develop in students an enhanced capacity for independent thought and work.\', \'To ensure students are competent in the use of information technology, and are familiar with computers, together with the relevant software.\', \'To provide students with opportunities to study advanced topics in Statistics, engage in research at some level, and develop communication and personal skills.\', \'To provide successful students with the depth of knowledge of the subject sufficient to enter a career as a professional statistician or appropriate career in quantitative finance.\', \'To provide a deep understanding of the use of Statistics in Finance and Financial Econometrics\', \'Systematic understanding of probability and statistics and the range of principles involved.\', \'Awareness of links between different statistical concepts and methods.\', \'Advanced information technology skills relevant to statisticians.\', \'A comprehensive range of methods and techniques appropriate to statistics at the postgraduate level.\', \'The role of logical mathematical argument and deductive reasoning.\', \'Appreciation of particular subject areas to which statistics is applied, particularly finance, and the importance of the role of statistics in those areas.\', \'Appreciation of the use of Statistics in Finance and the probabilistic concepts involved.\', \'Ability to demonstrate a comprehensive understanding of the main body of statistical knowledge.\', \'Ability to demonstrate skill in calculation and manipulation of data.\', \'Ability to apply a range of statistical concepts and principles in various challenging contexts.\', \'Ability for logical argument.\', \'Ability to demonstrate skill in solving complex statistical problems using appropriate and advanced methods.\', \'Ability in relevant computer skills and usage.\', \'Ability to work with relatively little guidance.\', \'Ability to evaluate research work critically.\', \'Subject-specific skills\', \'Ability to demonstrate knowledge of advanced statistical concepts and topics, both explicitly and by applying them to the solution of problems.\', \'Ability to demonstrate knowledge of statistical modelling techniques commonly applied to finance.\', \'Ability to abstract the essentials of problems to facilitate statistical analysis and interpretation.\', \'Ability to present statistical analyses and draw conclusions with clarity and accuracy.\', \'Problem-solving skills; ability to work independently to solve problems involving qualitative or quantitative information.\', \'Communication skills, including the capacity to report to others on analyses undertaken.\', \'Computational skills.\', \'Information-retrieval skills involving a range of resources.\', \'Information technology skills including scientific word-processing.\', \'Time-management and organisational skills, as evidenced by the ability to plan and implement efficient and effective modes of working.\', \'Skills needed for continuing professional development.\']