Are financial studies required for this course?

[MontaltoMM]

Because i've read this point in the program:

• Applications in Computational Finance: Applications and test cases (Black Scholes pricing and Greeks), Monte Carlo methods, finite difference methods (Euler, Crank-Nicolson), lattice methods, exact methods (Barone-Adesi-Whaley, bonds, swaps, swaptions)

If yes, where could i find any material? (because i have not studied them yet)

Thank you.

 

[Justine Morgan]

Because i've read this point in the program:

• Applications in Computational Finance: Applications and test cases (Black Scholes pricing and Greeks), Monte Carlo methods, finite difference methods (Euler, Crank-Nicolson), lattice methods, exact methods (Barone-Adesi-Whaley, bonds, swaps, swaptions)

If yes, where could i find any material? (because i have not studied them yet)

Thank you.

There are 9 levels in the course - the first 8 levels focus on teaching C++ programming and don't require any previous studies in finance. However level 9 is an introduction to the application of C++ to financial engineering. Although it could be beneficial to have some knowledge of finance/numerical methods for this level, it is not essential.

From my personal experience, I had not studied computational finance but had some knowledge of numerical analysis when I took the course but managed to do well in the final level. The majority of what you need to know is presented in the lectures and any additional information you might want about pricing methods, numerical methods, etc. can easily be found online. Mostly I used lecture notes/slides from different universities to do some background reading into the financial terms & formulae presented in level 9.