This unit aims to integrate a basic
understanding of how financial markets work with the analytic tools for
modelling their time dependent structures. Since these structures are
based on random ("stochastic") processes, stochastic models underpin
the methods. Where feasible, analytic methods are developed. The aim is
to present as much financial theory about securities markets as
possible without requiring the advanced mathematics that is associated
with continuous time models. Topics include single period securities
markets, valuation of contingent claims, portfolio management,
stochastic volatility, the binomial model, value at risk, credit
modelling applications.
This unit introduces a range of
statistical concepts in the design and analysis of epidemiological
studies. The first part of course presents an insight into the main
types of study designs - cross-sectional surveys, case-control studies,
cohort studies, and randomised control trials. Attention is given to
the role of matching in the design of case-control studies. The second
part of the unit introduces the statistical methods and modelling
techniques used in analysing data derived using various epidemiological
design strategies. These include the Mantel-Haenszel methods, logistic
and Poisson regression, and survival analysis using the Kaplan-Meier
method, the Cox proportional hazards model and its extensions. Students
will use the statistical package SAS throughout the unit.
This unit complements STAT279
Operations Research I with the main emphasis again being on application
of techniques to problems which arise in business and industry. The
computing aspect of the unit will involve the use of a programming
package.
Topics are to be chosen from integer
programming (modelling, branch-and-bound), goal programming, inventory
models, decision analysis, game theory and Markov Processes.
This unit provides students with key
concepts involving the use of information systems and database
management in electronic interchange of data. Students will learn in
hands-on mode, in terms using web servers in a dedicated laboratory,
which will simulate the environment used by companies to develop their
websites for commercial use. Security issues will be addressed, as well
as methods for on-line surveys and web-based statistical graphics. In
addition to HTML and its extensions, available software includes ASP,
VBScript, JavaScript, CSS, PHP, Visual Studio InterDev, SQL Server and
MySQL. The unit will have a strong practical component involving small
group interaction in exercises involving business applications and
information technologies. Besides communication skills, students will
develop skills with web browsers and database applications.
This unit consists of two modules concerned with the structure of multivariate data, one analytical, the other graphical.
The graphical module provides an
introduction to a selection of topics related to new computer-based
displays of multivariate data. Topics include: table presentation,
principles of good graphical design, the scatterplot matrix, and dot
charts for one and two-way classified data.
The multivariate analysis module
provides an introduction to selected topics in multivariate analysis;
namely, cluster analysis, principal components, and discriminant
analysis. Knowledge of simple matrix algebra, although not essential,
would be very helpful in understanding and working through these
topics. Extensive use will be made of statistical packages to
illustrate the concepts in lectures and tutorials.
MATH338 further develops the theory of
algebraic structures commenced in MATH337, and involves the study of a
selection of topics in Ring Theory and Field Theory.
The Ring Theory strand will develop the
basic theory, including the study of integral domains, ideals, quotient
rings, principal ideal domains, unique factorisation domains and
Euclidean domains, followed by a study of one or two topics related to
ring theory such as ideals in quadratic fields, the first case of
Fermat's last theorem, Hopf algebras or the Wedderburn Structure
Theorem.
The Field Theory strand will also
develop the basic theory, including the notion of irreducibility,
simple, algebraic and transcendental extensions, and the tower law. The
ideas of group theory studied in MATH337 will then be applied to the
study of field extensions via the notion of automorphisms, culminating
in the study of the Galois correspondence theorem.
Partial differential equations form one
of the most fundamental links between pure and applied mathematics.
Many problems that arise naturally from physics and other sciences can
be described by partial differential equations. Their study gives rise
to the development of many mathematical techniques, and their solutions
enrich both mathematics and their areas of origin.
This unit explores how partial
differential equations arise as models of real physical phenomena, and
develops various techniques for solving them and characterising their
solutions. Especial attention is paid to three partial differential
equations that have been central in the development of mathematics and
the sciences -- Laplace's equation, the wave equation and the diffusion
equation.
The remarkable fact that determinism
does not guarantee regular or predictable behaviour is having a major
impact on many fields of science and engineering as well as
mathematics. The discovery of chaos, or of chaotic motions, in simple
dynamical systems changes our understanding of the foundations of
physics and has many practical applications as well, shedding new light
on the workings of lasers, fluids, mechanical structures and chemical
reactions.
Dynamical systems involve the study of maps and systems of differential
equations. In this unit, the diversity of nonlinear phenomena is
explored through the study of second-order differential equations, and
1-dimensional and 2-dimensional maps.
Chaotic motions will be introduced by a
study of the driven pendulum, a second-order system that includes
nonlinear aspects usually ignored in simpler treatments. An appropriate
balance between forcing and damping leads to irregular, but bounded,
motions that do not repeat themselves, even approximately--truly
chaotic motion in a simple deterministic system.