uwloo

ACTSC 846Mathematics of Financial Markets

Units
0.50
Level
Graduate
Faculty
Mathematics
Subject
Actuarial Science

When it runs

  1. F24
  2. W25
  3. S25
  4. F25
  5. W26
  6. S26
  7. F26
  8. W27
  9. S27

Ran in 6 of the last 7 terms. Winter 2027: scheduled, 1 lecture section. Spring 2027: schedule not out yet.

This course covers mathematical techniques for no-arbitrage pricing and hedging financial derivatives. Topics to be covered can be classified into three broad ares: derivatives markets (options; forwards and futures; other derivatives; put-call parity), discrete-time financial models (binomial models; general multi-period models; fundamental theorems of asset pricing; risk-neutral probability), and continuous-time financial models (basic stochastic calculus and Ito's lemma; Black-Scholes model; interest rate models and bond pricing).

Prerequisites

None listed.

Antirequisites

  • Not completed nor concurrently enrolled in:

Leads to

No course lists it as a requisite.

Fall 2026 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 00160570 / 6MW 16:00–17:20
TUT 10166180 / 6F 10:30–11:20

Winter 2027 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 00158430 / 5TTh 14:30–15:50

Discussed on r/uwaterloo

6 posts and comments in 5 threads mention ACTSC 846, April 2017 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.

Spring 2020

Winter 2020

MMath Applied Math vs MMath CS? Which is better if I want to learn about mathematical finance? 1 point, 9 comments

“So, I'm a CS major. I want to learn more about math and I was wondering about those two degrees. I've also heard about MQF but I'm not sure I can qualify for that degree. …”

[deleted]: “Mmath stat? You can take all the same classes as MQF with a mmath stat and it's way less competitive”

[deleted]: “Stat902! A couple of actsc courses touch on it too! I think actsc846 would have stoch calc applied to a finance context (double check this tho it's been ages since I took this class)”

View on RedditRemove this

Fall 2017

PSA: UWCourseLinker back up, disabled by default, call with [[course code]] 39 points, 31 comments

u/RayDWatson: “… [[ACTSC635]] [[ACTSC690]] [[ACTSC831]] [[ACTSC832]] [[ACTSC833]] [[ACTSC845]] [[ACTSC846]] [[ACTSC853]] [[ACTSC855]] [[ACTSC859]] [[ACTSC862]] [[ACTSC863]] [[ACTSC936]] [[ACTSC961]] [[ACTSC963]] [[ACTSC964]] [[ACTSC965]] [[ACTSC966]] [[ACTSC970]] [[ACTSC971]] [[ACTSC972]] …”

u/UWCourseLinker: “… ACTSC 833 - Analysis of Mortality Data ACTSC 845 - Quantitative Enterprise Risk Management ACTSC 846 - Mathematics of Financial Markets ACTSC 853 - Basic Pension Mathematics ACTSC 855 - Advanced Life Insurance Practice ACTSC 859 - Group Life and Health Insurance ACTSC 862 - …”

View on RedditRemove this

Any way to disable UWCourseLinker from posting? 16 points, 26 comments

“posting a reply to my comment I find the bot annoying.”

u/Jackhofmann: “PSYCH 483 PSYCH 484 PSYCH 485 PSYCH 486 PSYCH 490R PSYCH 499A PSYCH 499B PSYCH 499C PSYCH 621 PSYCH 630 PSYCH 677A PSYCH 704A PSYCH 704B PSYCH 707 PSYCH 710 PSYCH 714 PSYCH 717 PSYCH 720A PSYCH 721A …”

u/Jackhofmann: “… ACTSC 445 ACTSC 446 ACTSC 462 ACTSC 611 ACTSC 612 ACTSC 613 ACTSC 614 ACTSC 615 ACTSC 845 ACTSC 846 ACTSC 970 ACTSC 972 ACTSC 974 ACTSC 991 AFM 101 AFM 102 AFM 123 AFM 131 AFM 202 AFM 203 AFM 204 AFM 231 AFM 272 AFM 273 AFM 291 AFM 321 AFM 323 AFM 328 AFM 329 AFM 333 AFM 341 AFM …”

View on RedditRemove this

Winter 2017

MMATH Computational Math vs MMATH Stats 6 points, 6 comments

“I was just admitted to the MMATH programs: computational math, and statistics (data science specialization). I was wondering what you guys thought of either one of these programs. …”

u/Postmodernist_Cancer: “… You may want to take ACTSC 846 first if you have no background in the material. I don't know anything about Comp. …”

View on RedditRemove this

Check it elsewhere for Fall 2026

Calendar versions

Graduate Calendar

Older Graduate Calendars

In 42 terms, Fall 2006 to Winter 2024