A Course in Financial Calculus

This text is designed for first courses in financial calculus aimed at students with a good background in mathematics. Key concepts such as martingales and change of measure are introduced in the discrete time framework, allowing an accessible account of Brownian motion and stochastic calculus. The Black-Scholes pricing formula is first derived in the simplest financial context. Subsequent chapters are devoted to increasing the financial sophistication of the models and instruments. The final chapter introduces more advanced topics including stock price models with jumps, and stochastic volatility. A large number of exercises and examples illustrate how the methods and concepts can be applied to realistic financial questions.

This text is designed for first courses in financial calculus aimed at students with a good background in mathematics. Key concepts such as martingales and change of measure are introduced in the discrete time framework, allowing an accessible account of Brownian motion and stochastic calculus.

This self-contained textbook gives a thorough exposition of multivariable calculus. It can be viewed as a sequel to the one-variable calculus text, A Course in Calculus and Real Analysis, published in the same series. The emphasis is on correlating general concepts and results of multivariable calculus with their counterparts in one-variable calculus.

This book is divided into two parts. The first one is purely algebraic. Its objective is the classification of quadratic forms over the field of rational numbers (Hasse-Minkowski theorem). It is achieved in Chapter IV. The first three chapters contain some preliminaries: quadratic reciprocity law, p-adic fields, Hilbert symbols. Chapter V applies the preceding results to integral quadratic forms of discriminant ± I.

You do not live here. We are trying to reach your real home. We are trying to reach the place where you are truly welcome. We are trying to reach God. (A Course in Miracles, W-49.4:5)