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MATH 3601 Investment Science

4 hours; 4 credits

Net present value, internal rate of return; yield, duration, immunization, and convexity of fixed-income securities; mean-variance portfolio theory, Markowitz model, CAPM, factor models, arbitrage pricing theory; models of asset dynamics, Ito's lemma, options theory, Black-Scholes equation; interest-rate derivatives. (This course is the same as Finance 3370 and [Business 3370] and Economics 3370.)

Prerequisite: Economics 3400 [30.2] or Business 3400 [30.2] or Mathematics *2501 [8.1] or Mathematics 3501 [51.1]; Mathematics *2201 [5.3]. Prerequisite or corequisite: Economics 2100 [10.1] or 2200 [20.1] or Business 2100 [10.1] or 2200 [20.1].


The City University reserves the right, because of changing conditions, to make modifications of any nature in academic programs and requirements of the university and its constituent colleges without advanced notice. Students are advised to consult regularly with college and department counselors concerning their programs of study.

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