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Core Sequences

The following three course sequence form the core of the program. Roughly they are ordered from theoretical to practical.

FM 5011/5012 Mathematical Background for Finance (required) 4 credits per semester

Current instructor's 5011 website (Fall 2008)
Current instructor's 5012 website (Spring 2009) (in preparation)
ARCHIVE
          Previous instructor's 5011 website (Fall 2007)
          Previous instructor's 5012 website (Spring 2008)

This is the most theoretical of the course sequences, focusing on the graduate level mathematics needed for the program, and taught specifically with an eye toward finance.

For MFM students who are *not* asked to take FM 5001/5002, this can be taken at any time. Those who are asked to take FM 5001/5002 must finish FM 5001/5002, with grades of "B" or better (in both courses) before beginning FM 5011/5012. Any exceptions must be approved by the Director of the MFM program.

FM 5021/5022 Mathematical Theory Applied to Finance (required) 4 credits per semester
Current instructor's 5021 website (Fall 2008) (in preparation)
Current instructor's 5022 website (Spring 2009) (in preparation)
ARCHIVE
          Previous instructor's 5021 website (Fall 2007)
          Previous instructor's 5022 website (Spring 2008)
          Pictures of the very first UMN-MFM class in all of recorded history!

This course sequence forms the bridge between theory and application.

This sequence cannot be started before FM 5011/5012 is started, though it can be taken at the same time as FM 5011/5012. It also cannot be started before FM 5091/5092 is started, though it can be taken at the same time as FM 5091/5092.

FM 5031/5032 A Practitioner's Course in Finance (required) 4 credits per semester
Grading Policy

This course sequence is highly practical, taught by industry professionals and will be taught with an eye toward hands-on real-world problem-solving.

This sequence cannot be started before FM 5021/5022 is started, though it can be taken at the same time as FM 5021/5022.

ARCHIVE OF PRACTITIONER COURSES

MODULES FOR 2008-2009:


Fall Semester (Weeks 1-7, seven weeks): John Dodson, Riversource
             Current instructor's website

Fall Semester (Weeks 8-11, four weeks): Bill Barr, Evergreen Investment Management Company
             Current instructor's website (in preparation)

Fall Semester (Weeks 12-15, four weeks): Chris Bemis, Whitebox Advisors
             Current instructor's website (in preparation)

Spring Semester (Weeks 1-4, four weeks): Phil Jones (Ameriprise)
             Current instructor's website (in preparation)

Spring Semester (Weeks 5-10, six weeks): John Dodson, Riversource
             Current instructor's website

Spring Semester (Weeks 11-15, five weeks): Gary Hatfield, Securian
             Current instructor's website (in preparation)

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/core_sequences/index.shtml
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