Units

This unit provides an introduction to the field of financial econometrics which draws on ideas and methods from finance, economics, probability, statistics and applied mathematics, and uses them to explain the complex world of finance and f…

This unit will introduce you to the basic theories of financial market behaviour, modelling of investment risk, interest rate models and option pricing models. You will be introduced to the mathematical and statistical foundations of financ…

This unit covers: valuation of cash flows contingent on death or survival using mortality tables, insurance policies with constant or variable benefit, and with-profits contracts. Also covered are pricing assessments and reserving calculati…

This unit introduces you to the basic foundations of Business Analytics and Statistics. You will learn how to work with data, in conjunction with basic statistics and spreadsheet tools, to solve simple business problems. The unit introduces…

The business world is characterised by decision making in an environment of risk. To gain a deeper understanding of the tools and models used in business analytics, a strong foundation in probability and statistics is required. Probability…

Econometrics is a set of research tools employed across the economics and business disciplines. This unit covers the basic tools for estimation in the context of simple and multiple linear regression, the sampling properties of the least sq…

This unit provides an overview of fundamental tools of data and statistical analysis used in the Business and Economics disciplines. The methods covered are widely used in industry and academia, providing the necessary foundation for more a…

The ability to understand and mathematically formulate decision problems is a fundamental skill for managers in any organisation. This unit serves as an introduction to various optimisation techniques that are essential in business operatio…

This unit provides you with an understanding of techniques in modern econometrics widely used for answering empirical questions in business and economics. You will learn to apply these methods to real-world problems and data using appropria…

Forecasts are crucial for guiding the planning and decision making process in business. In this unit you will learn to apply reliable methods for generating accurate forecasts in a rapidly changing business environment. These include: an in…

This unit covers statistics and econometric tools to assess the time series properties and distributional properties of financial series. It teaches how to model and estimate the single-factor and multiple-factor capital asset pricing model…

This unit develops skills in modelling complex decision problems. You will explore different classes of decision policies and apply tools such as simulation, decision trees, queuing models, and various advanced optimisation techniques. Appl…

Examples of interesting business problems include predicting and/or explaining consumer choices, loan discrimination and default, corporate bond ratings, bank failures, and selection of services. All of these phenomena are measured with dat…

This unit introduces the basic foundations of business analytics and statistics. You will learn how to work with data alongside basic statistics and spreadsheet tools to solve simple business problems. The unit introduces the appropriate me…

The aim of this unit is to familiarise you with programming by utilising two high-level programming languages, namely R and Python. You will be taught structured programming by means of practical sessions, which will cover fundamental data…

In this unit, you will learn several fundamental mathematical concepts and techniques in introductory and intermediate calculus. Specifically, you will be exposed to the fundamental concepts and important theories on sets and functions, lim…

In this unit, you will learn several mathematical concepts and techniques in advanced calculus. Specifically, you will be exposed to the fundamental concepts and important theories related to the study of complex numbers, solutions of first…

In this unit, you will be exposed to a comprehensive study of statistical methods and data analysis. Specifically, you will be introduced to the essential concepts and techniques in probability and statistical methods to equip you with the…

Uncertainty is the basic element of statistical science. Various theories and methods (including algorithms) in econometrics, business statistics, and business analytics focused on the understanding of uncertainty and its subsequent use in…

In this unit, you will be introduced to a comprehensive exploration of the mathematics and statistics underpinning both short-term and long-term insurance risk. Building upon the foundational knowledge acquired in the Calculus I, Probabilit…

In this unit, you will be introduced to the theoretical foundations, statistical methodologies, and practical applications of time series analysis, stochastic processes, and machine learning for forecasting. Building on the prerequisite kno…

In this unit, you will be exposed to a comprehensive coverage of foundational principles in financial mathematics and their practical applications across diverse financial scenarios. Building upon the prerequisite knowledge acquired in Prob…

In this unit, you will be introduced to the foundational theories of portfolio management and the creation of asset models, which are crucial components for effective risk management within financial services firms. Building on the prerequi…

This unit provides you with a comprehensive exploration of the actuarial and financial dimensions of life contingencies. You will delve into the principles and techniques crucial for analysing uncertain future events, with a specific focus…

In the era of big data, the business world is deluged by huge amounts of data, of which more than 80% of the data is unstructured. In particular, unstructured text is one of the most common forms of unstructured data. Hence, knowing how to…

In this unit, you will be exposed to the extension of the economic theories crucial for risk management within financial services firms. Building on foundational knowledge from prerequisite courses, this unit specifically focuses on liabili…

This unit introduces you to the key aspects of statistical analysis: descriptive analytics, diagnostic analytics, predictive analytics and prescriptive analytics. In particular, this unit covers descriptive statistics for revealing the info…

This unit will be a bridging unit for students who intend to major in either Business Analytics or Econometrics. This unit is also a suitable elective for those of you who want to expand your basic knowledge of analytics. In this unit, you…

Introduction to survey methods including probability and non-probability sampling and online surveys. Statistical inference in finite population sampling will be introduced (design-based and model-based inference). Strategies in the analysi…

Topics include business modelling with spreadsheets and R programming language; the methodology of business modelling and analytics; linear programming; primal and dual models; integer programming; transportation; and assignment problems.