Mar 29, 2024  
Rensselaer Catalog 2009-2010 
    
Rensselaer Catalog 2009-2010 [Archived Catalog]

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MGMT 4040 - Mathematical and Statistical Foundation for Finance


This course is designed to strengthen students’ ability to prepare for the graduate finance courses especially the ones with quantitative applications. The course will provide basic learning in mathematical and statistical skills necessary for the required and elective courses in the finance program. It will provide an understanding of the fundamental process of applying statistical techniques to business problems involving uncertainty. The course will introduce basic calculus (derivative, optimization), matrix algebra (multiplication, inversion), power function (compounding, power series), probability theory, multiple linear regressions (model fitting, forecasting) applied to financial theories. The focus of the course, in general, is on integrating quantitative skills with key concepts in finance and economics. The ultimate goal is to prepare students to apply these lessons in financial decision-making.

Credit Hours: 3



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