Recommended Study Plan for the BCom/BSc Combined Degree with Majors in Finance and Mathematics or Statistics

You can check the full rules for the BCom/BSc degree in the UNSW Handbook, under Program 3529.

It is also possible to combine Advanced Mathematics with Finance. See the UNSW Handbook listing for Program 3523.

The following recommended plan includes all courses which are compulsory or strongly recommended, and leaves some courses to be chosen by you. We also offer two sample complete plans to demonstrate some sensible choices of electives. Sample plan 1 emphasises options, futures, etc. Sample plan 2 emphasises numerical techniques and optimization.

We request that the courses listed in the sample plans be timetabled so that they should not have any timetable clashes. If other electives are taken, clashes are more likely.

NOTES:

The combined degree requires:

  • 96 UOC of Commerce, including a major, three compulsory Level I courses and four Level I courses from the "flexible core" (see below)
  • 96 UOC of Science, including a major and at least 24 UOC of Level I Science courses

Units of Credit (UOC) values are as follows:

  • ALL Commerce courses are 6 UOC each
  • Science courses COMP1911, MATH###1 are 6 UOC each
  • Science courses MATH###0 are 3 UOC each

Each semester is 24 UOC.
NO General Education is required.

The Commerce courses explicitly listed are compulsory. The "flexible core" consists of the following courses:

  • ACCT1511 Accounting & Financial Mgt 1B
  • ECON1102 Macroeconomics 1
  • FINS1613 Business Finance
  • INFS1602 Information Systems in Business
  • LEGT1710 Business and the Law
  • MARK1012 Marketing Fundamentals

NOTE: FINS1613 is already compulsory in the Finance major.

The Level 1 and 2 Mathematics and Statistics courses listed (except MATH2931) are compulsory and the others are strongly recommended. (MATH1151/1251, if taken, replace MATH1141/1241 in the formal requirements for Mathematics and Statistics majors.)

Mathematics and Statistics courses are shown at the Higher level, but can be taken at the Ordinary level. The particular selection of Mathematics and Statistics options taken should have the approval of the Mathematics and Statistics Program advisor.

The particular selection of Commerce options taken should have the approval of the Finance Program advisor, as the Australian School of Business is the Program Authority.

Majors in either or both Mathematics and Statistics are possible in this degree. See the requirements. Students need to register with the Science Student Centre for the major or majors of their choice.

Particular care needs to be taken in choosing Level II options to ensure that prerequisites for Level III options are met.

The Objective 5 General Education requirements are met within the Finance courses.

Recommended Study Plan

Year 1 Semester 1
ECON1101 Microeconomics 1
FINS1612 Capital Markets and Institutions
MATH1151 Mathematics for Actuarial Studies and Finance 1A or MATH1141 Higher Mathematics 1A
MATH1081 Discrete Mathematics

Year 1 Semester 2
COMP1911 Computing 1
FINS1613 Business Finance
MATH1251 Mathematics for Actuarial Studies and Finance 1B or MATH1241 Higher Mathematics 1A
6 UOC Commerce flexible core option

Year 2 Semester 1
ACCT1501 Accounting and Financial Management 1A
MATH2111 Higher Several Variable Calculus
MATH2601 Higher Linear Algebra 
MATH2901 Higher Theory of Statistics

Year 2 Semester 2
MANS2624 Portfolio Management 
MATH2221 Higher Theory and Applications of Differential Equations (pre-2014: MATH2130)
MATH2621 Higher Complex Analysis (pre-2014: MATH2620)
MATH2931 Higher Linear Models
(pre-2014: add 6UOC Commerce flexible core option)

Year 3 Semester 1
MATH3901 Higher Probability and Stochastic Processes
MGMT1001 Managing Organisations and People
12 UOC Commerce flexible core option (pre-2014: 6uoc commerce core, 6uoc maths or stats)

Year 3 Semester 2
FINS3616 International Business Finance
12 UOC Commerce options
6 UOC Mathematics or Statistics option

Year 4 Semester 1
12 UOC Commerce options
12 UOC Mathematics and/or Statistics options

Year 4 Semester 2
12 UOC Commerce options
MATH3311 Mathematical Computing for Finance
6 UOC Mathematics or Statistics options

The Commerce options must be chosen to fulfill the following rules:

  1. At least 18 UOC of the commerce options must be from Finance courses;
  2. Students wishing to proceed to Finance Honours must include FINS3775 Research Methods in Finance 1.

Mathematics and Statistics courses in years 3 and 4 must be chosen to fulfil the following rules:

  1. At least 18 UOC must be Level III Mathematics or Statistics;
  2. Students wishing to proceed to Mathematics or Statistics Honours should include at least 30 UOC of Level III Mathematics or Statistics in the appropriate courses and seek advice from the relevant Honours Coordinator.

It is recommended that the Mathematics and Statistics options include the following:

1) (Modelling) 
At least 6 UOC from: 
MATH3041 Mathematical Modelling for Real World Systems
MATH3101 Computational Mathematics
MATH3121 Mathematical Methods and Partial Differential Equations
MATH3161 Optimization 
MATH3201 Dynamical Systems and Chaos

2) (Analysis) 
At least 6 UOC from: 
MATH3611 Real Analysis, 
MATH5825 Measure, Integration and Probability (needs special permission) 

3) (Level III) 
At least 24 UOC of Level III Mathematics/Statistics courses.

Sample plan 1

This is a plan which emphasises Options, Futures etc. It is suitable for students wishing to proceed to Finance Honours. As listed it provides a major in Mathematics. For a Statistics major the courses MATH3901, MATH3911 and MATH3821 and one of MATH3831, MATH3841, MATH3851 or MATH3871 must be taken, replacing some of the MATH3xxx courses listed. For a double major in Mathematics and Statistics do the Statistic major plus any 18 UOC of Level 3 Mathematics. It is also suitable for students wishing to proceed to Statistics, Pure Mathematics or Applied Mathematics Honours if suitable changes are made to the Year 3 and 4 courses chosen. You should seek advice from the appropriate Honours Coordinator prior to commencing Year 3.

Year 1 Semester 1
ECON1101 Microeconomics 1
FINS1612 Capital Markets and Institutions
MATH1151 Mathematics for Actuarial Studies and Finance 1A
MATH1081 Discrete Mathematics

Year 1 Semester 2
ECON1102 Macroeconomics 1
FINS1613 Business Finance
MATH1251 Mathematics for Actuarial Studies and Finance 1B
COMP1911 Computing 1

Year 2 Semester 1
ACCT1501 Accounting and Financial Management 1A
MATH2111 Higher Several Variable Calculus
MATH2601 Higher Linear Algebra
MATH2901 Higher Theory of Statistics

Year 2 Semester 2
FINS2624 Portfolio Management
MATH2221 Higher Theory and Appications of Differential Equations (pre-2014: MATH2130)
MATH2621 Complex Analysis (pre-2014: MATH2620)
MATH2931 Higher Linear Models
(pre-2104: add one 6uoc Commerce flexible core option)

Year 3 Semester 1
MATH3041 Mathematical Modelling for Real World Systems
MATH3901 Higher Probability and Stochastic Processes
MGMT1001 Managing Organisations and People
One Commerce flexible core option

Year 3 Semester 2
FINS3616 International Business Finance
FINS3635 Options Futures and Risk Management 
MATH3121 Mathematical Methods and Partial Differential Equations
6uoc commerce core option (pre-2014: maths or stats option)

Year 4 Semester 1
FINS3641 Security Analysis and Valuation
MATH3161 Optimization 
MATH3611 Higher Analysis
6 UOC Finance option

Year 4 Semester 2
FINS3636 Interest Rate Risk Management
FINS3642 Strategies for Investment Management
FINS3775 Research Methods in Finance 1
MATH3311 Mathematical Computing for Finance 

Sample plan 2

This is a plan emphasising Modelling, Numerical Techniques and Optimization. It is suitable for students wishing to proceed to Finance Honours. As listed it provides a double major in Maths and Statistics. It is also suitable for students wishing to proceed to Statistics Honours if suitable changes are made to the Year 3 and 4 courses chosen. You should seek advice from the relevant Honours Coordinator prior to commencing Year 3.

Year 1 Semester 1
ECON1101 Microeconomics 1
FINS1612 Capital Markets and Institutions
MATH1151 Mathematics for Actuarial Studies and Finance 1A
MATH1081 Discrete Mathematics

Year 1 Semester 2
ECON1102 Macroeconomics 1
FINS1613 Business Finance
MATH1251 Mathematics for Actuarial Studies and Finance 1B
COMP1911 Computing 1

Year 2 Semester 1
ACCT1501 Accounting and Financial Management 1A
MATH2111 Higher Several Variable Calculus
MATH2601 Higher Linear Algebra
MATH2901 Higher Theory of Statistics

Year 2 Semester 2
FINS2624 Portfolio Management
MATH2221 Higher Theory and Applications of Differential Equations (pre-2014: MATH2130)
MATH2621 Higher Complex Analysis (pre-2014: MATH2620)
MATH2931 Higher Linear Models
(pre-2104: add one 6uoc Commerce flexible core option)

Year 3 Semester 1
FINS3641 Security Analysis and Valuation
MATH3901 Higher Probability and Stochastic Processes
MGMT1001 Managing Organisations and People
One 6uoc Commerce flexible core option

Year 3 Semester 2
FINS3616 International Business Finance
FINS3635 Options Futures and Risk Management 
MATH3311 Mathematical Computing for Finance
One 6uoc commerce flexible core option (pre-2014: 6uoc maths or stats option)

Year 4 Semester 1
FINS3775 Research Methods in Finance 1
6 UOC Finance option
MATH3161 Optimization
MATH3911 Higher Statistical Inference

Year 4 Semester 2
FINS3636 Interest Rate Risk Management
FINS3642 Strategies for Investment Management
MATH3821 Statistical Modelling and Computing
MATH3831 Statistical Analysis of Dependent Data