Math 454   -    Financial Mathematics   -    Spring 2025  

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Last update: January 22, 2025 - 10:55 AM
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Welcome to Math 454!

This course could be more aptly described as "Introduction to Stochastic Calculus With Applications in Quantitative Finance". We will spend a significant amount of time on the basics of continuous time stochastic processes which can be represented as the sum of an ordinary Riemann integral and a "stochastic integral" with respect to a Wiener process. Expect to spend a significant amount of time on the mathematical theory of stochastic calculus. You will find more detail in the syllabus.
   

Instructor: Dr. Michael Fochler        CRN: 25729
Office: WH 222    Office hours: Mon 10:00 - 11:30,    Tue 10:00 - 11:30
Email     mfochler@binghamton.edu

   
Lecture: Mon Wed Fri 1:10 PM - 2:40 PM in CW 107

    Deadlines:
   
  1. Add/Drop deadline: Monday, Feb 3
  2. Withdraw/Change Grade Option deadline: Monday, Mar 31
    Exams:
   
  1. Each midterm will last 60 minutes and the final exam will last 120 minutes.
    I will provide a formulasheet for the major exams.
  2. Midterms:
    • Exam 1: Friday, February 21. 150 points
    • Exam 2: Friday, March 21. 150 points
    • Exam 3: Wednesday, April 23. 150 points
  3. Make all arrangements necessary to take the tests at those dates. It is extremely unlikely that they will be moved.
  4. Final exam:
    • The final exam counts for 300 points. It will last two hours.
    • Date of the Final Exam: TBD
    • Final Exam makeup: TBD
    • Date and time for all finals are set by the registrar and there is absolutely no flexibility. You can request a makeup final if you have another final at the same time (direct conflict) or you have three final exams scheduled within 24 hours. If you want to request to take the alternate final, then you must do so by Monday, April 21, by sending me an email.
    • Here is the direct link to the official Final Exams Schedule. You can also find that link on the Courses tab of the Math departmental web page.
    Your grade:
   
  1. See syllabus.
    More information:
   
  1. Be sure to click on all tabs in the navigation bar at the top of this web page. In particular, be sure to study the syllabus for this class.

Best wishes for a successful semester!

Michael Fochler