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Probability for Finance, Master

  • Anytime
    Application Deadline
  • 12 months
    Duration
University rank #801 (QS) ,
The course provides the basic knowledge of modern probabilistic theory, useful for the purposes of modeling financial markets. 

About

The main ideas and the most relevant mathematical techniques are presented through financial examples: pricing of derivatives, risk management, asset allocation. The mathematical background is aimed at the preparation of a student of Economics, allowing flexible learning through which he can subsequently analyze applications at a time (eg risk and performance measures) and at multiple periods both in discrete time and in continuous time (es pricing of derivatives under non-arbitrage conditions). 

The programme

These applications are also presented through specialized literature and examples. Avoiding overlap with other related disciplines, the training path combines teaching aimed at developing logical-deductive skills and problem-solving skills. The verification of learning is performed throughout the course, stimulating an active participation by students.

The student is actively called to interact with the teacher in order to develop a capacity for independent judgment concerning probabilistic models treated in class. The future graduate will have to be able to recognize the descriptive and / or normative aspects of these models, extrapolate the essential elements to be verified and activated the research and the appropriate use of information sources via the web (articles in magazines, working papers, empirical studies, databases, etc.).

Programme Structure

Courses include: 

  • Random experiments. Events. Probability measure: axioms and main properties.
  • Conditional probability and independence. Law of total probabilities and Bayes theorem. 
  • Discrete probability measures: uniform.
  • Probability measures in the set of real numbers (R): distribution functions.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 12 months
  • Credits
    9 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

This programme may require students to demonstrate proficiency in English.

Academic Requirements

General Requirements

  • EU and non-EU citizens can equally enrol at the University of Catania. 
  • For Master degrees each programme establishes its own pre-requisites and how they should be met.

Tuition Fee

Living costs for Catania

  • 600 - 850 EUR/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

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