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The diagram illustrates the local accuracy of the tangent line approximation to a smooth curve, or--otherwise stated--the closeness of the differential of a function to the difference of function values due to a small increment of the independent variable.

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The Master of Financial Mathematics consists of five year-long course sequences, four of which are required of all MFM students. Each sequence has a fall term course (ending in a "1") and a spring term course (ending in a "2"). The fall term course must be completed before the spring term course can be started; that is, the courses may not be taken "out of sequence". Our other basic prerequisite rules are contained in the inequality
         FM 5001/5002 < FM 5011/5012 <= FM 5021/5022 <= FM 5031/5032.
So, for example, students must finish FM 5001/5002 before starting FM 5011/5012, unless they FM 5001/5002 has been waived. (See Q8 and Q15 above for information about obtaining a waiver for FM 5001/5002.) Also, they may take FM 5011/5012 and FM 5021/5022 simultaneously, but, cannot take, for example, FM 5021/5022 before starting FM 5011/5012. The sequence FM 5091/5092 may be taken at any time.

Preparatory Sequence
FM 5001/5002 Preparation for Financial Mathematics 3 credits per semester

Core Sequences
FM 5011/5012 Mathematical Background for Finance (required) 4 credits per semester
FM 5021/5022 Mathematical Theory Applied to Finance (required) 4 credits per semester
FM 5031/5032 A Practitioner's Course in Finance (required) 4 credits per semester

Programming and Presentation Sequence
FM 5091/5092 Computation, Algorithms, and Coding in Finance (required) 3 credits per semester


Master of Financial Mathematics with Emphasis in Management

Master of Financial Mathematics with Emphasis in Statistics

Master of Financial Mathematics with Emphasis in Applied Economics

Master of Financial Mathematics with Emphasis in Economics

Master of Financial Mathematics with Emphasis in Computer Science

Master of Financial Mathematics with Additional Mathematics

Master of Financial Mathematics with Emphasis in Industrial & Systems Engineering

Master of Financial Mathematics with Emphasis in World Economy and Rates
Financial Mathematics
(612) 625-1306     mfmath@umn.edu
127 Vincent Hall
206 Church St. S.E.
Minneapolis, MN 55455 USA
www.math.umn.edu/finmath/courses/index.shtml
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