MATH.COM APRIL, 2020

Objective

To explore application of Mathematics in Economics and Finance.

Level and Pre-Requisites

Introductory/Beginner level. Knowledge of high school algebra is expected. A google classroom will be created to share pre-reading material before the actual workshop. Before the workshop, the participants are expected to review the pre-reading material and actively participate in the discussions on google classroom.

Description

Sound mathematical knowledge is a strong foundation for Quantitative Finance and Economics. The workshop aims to explore areas of Mathematics that can be used to understand various phenomena in Business Economics and Finance. Understanding simple applications of calculus and statistics in analysing and optimising will be discussed.

Topics covered

Introduction to Calculus
Introduction to Statistics and Data Analytics
Introduction to Financial Mathematics

Introduction to Calculus

Straight lines and relation with elasticity of demand
Concept of limits and understanding 'e' and continuous compounding
Derivatives and its application to minimise risk in investments, revenue and cost functions, utility functions.
Determination of prices in different markets

Introduction to Statistics

Measures of central tendency
Measures of dispersion and understanding risk and volatility
Covariance, Correlation and Linear Regression and a brief introduction on its application to securities and portfolio management
Applying statistical concepts to interpret data in real-world.

Introduction to Financial Mathematics

Present Value, Future Value and their derivations
Relationship between inflation, real return and nominal return
Rule of 72 demystified

How to register

Click on the Donate button at the bottom of the page and make an online transfer. INR 3,000 for students and INR 5,000 for others.
Fill up the form https://tinyurl.com/mathcomm2020
You will get an email from us in 1-2 working days regarding the confirmation of the workshop.

Note : Fees once paid cannot be refunded.

Brief profile of faculties

R Hariharan https://broad.msu.edu/profile/ramasub1/

CA Ashish Ochani https://www.johnson.cornell.edu/programs/phd-program/current-students/ako33/