MSc in Risk and Stochastics
Programme code: TMRIST
Students take five compulsory half unit courses and one and a half units of optional courses.
Paper 
Course number and title  

1 
Stochastic Processes (H)  
2 
Insurance Mathematics (H)  
3 
Computational Methods in Finance and Insurance (H)  
4 
Stochastics for Derivatives Modelling (H)  
5 
Recent Developments in Finance and Insurance (H)  
6 
One of the following:  

Probability and Measure (H)  
The Mathematics of the Black and Scholes Theory (H)  
The Foundations of Interest Rate and Credit Risk Theory (H)  
Quantifying Risk Modelling and Alternative Markets (H)  
Time Series (H)  
Applied Stochastic Processes (H)  
Probabilistic Methods in Risk Management and Insurance (H)  
Advanced Probability Theory (H)  
Financial Statistics (H)  
Introduction to Markov Processes and Their Applications (H) (n/a 15/16)  
7 & 8 
Two of the following:  

Forecasting Financial Time Series (H)  
Derivatives (H)  
Quantitative Methods for Finance and Risk Analysis (H)*  
Continuous TimeOptimisation (H)  
Further half unit(s) from those courses listed under paper 6 above.  
Further half unit(s) from other appropriate MSc courses, subject to the approval of the Programme Director and the Teacher responsible for the course.  
Notes 
* Students taking this course can apply for a place on FM457 Applied Computational Finance, a nonassessed computer course. 
The Bologna Process in relation to taught masters programmes of nine or ten months duration.