It is not at present possible to combine Advanced Mathematics with Finance but may be possible in future.

THE RECOMMENDATIONS BELOW APPLY FROM 2008.

You can check the full rules for the BCom/BSc degree here.

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 show some sensible choices of electives. Sample plan 1 emphasizes options, futures, etc. Sample plan 2 emphasizes numerical techniques and optimization.

The courses listed in the sample plans have been timetabled so that they should not have any timetable clashes. This may not be the case if other electives are taken.

The combined degree requires:

Units of Credit (uoc) values are as follows:

Each session is 24uoc.
NO General Education is required.

The Commerce courses listed are compulsory.

The Level 1 and 2 Mathematics and Statistics courses listed (except MATH2931) are compulsory and the others are strongly recommended. (MATH1151/1251 replace MATH1131/1231 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.

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 chosing 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.

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
FINS2624 Portfolio Management
MATH2111 Higher Several Variable Calculus
MATH2901 Higher Theory of Statistics

Year 2 Semester 2
ACCT1511 Accounting and Financial Management 1B
MATH2130 Higher Mathematical Methods for Differential Equations
MATH2601 Higher Linear Algebra
MATH2620 Higher Complex Analysis
MATH2931 Higher Linear Models

Year 3 Semester 1
12uoc Commerce options
MATH3901 Higher Probability and Stochastic Processes
6uoc Mathematics or Statistics options

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

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

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

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

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

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

1) (Modelling)
At least 6uoc from:
MATH2140 Operations Research: Methods and Applications,
MATH2260 Dynamical Systems,
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 6uoc from:
MATH3611 Real Analysis,
MATH5825 Measure, Integration and Probability (needs special permission)


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

This is a plan which emphasizes 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 or MATH3851 must be taken. For a double major in Mathematics and Statistics do the Statistic major plus any 18uoc 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
FINS2624 Portfolio Management
MATH2111 Higher Several Variable Calculus
MATH2901 Higher Theory of Statistics

Year 2 Semester 2
ACCT1511 Accounting and Financial Management 1B
MATH2130 Higher Mathematical Methods for Differential Equations
MATH2601 Higher Linear Algebra
MATH2620 Complex Analysis
MATH2931 Higher Linear Models

Year 3 Semester 1
FINS3640 Investment Management Modelling
ECON2101 Microeconomics 2
MATH3041 Mathematical Modelling for Real World Systems
MATH3901 Higher Probability and Stochastic Processes

Year 3 Semester 2
FINS3616 International Business Finance
FINS3635 Options Futures and Risk Management
FINS3641 Security Analysis and Valuation
MATH3121 Mathematical Methods and Partial Differential Equations

Year 4 Semester 1
FINS3775 Research Methods in Finance 1
6uoc Finance option
MATH3161 Optimization
MATH3611 Higher Analysis

Year 4 Semester 2
FINS3636 Interest Rate Risk Management
FINS3642 Strategies for Investment Management
MATH3311 Mathematical Computing for Finance
MATH5825 Measure, Integration and Probability (needs special permission)

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 major in Statstics. 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
FINS2624 Portfolio Management
MATH2111 Higher Several Variable Calculus
MATH2901 Higher Theory of Statistics

Year 2 Semester 2
ACCT1511 Accounting and Financial Management 1B
MATH2130 Higher Mathematical Methods for Differential Equations
MATH2601 Higher Linear Algebra
MATH2620 Higher Complex Analysis
MATH2931 Higher Linear Models

Year 3 Semester 1
FINS3640 Investment Management Modelling
ECON2112 Game Theory and Business Strategy
MATH3041 Mathematical Modelling for Real World Systems
MATH3901 Higher Probability and Stochastic Processes

Year 3 Semester 2
FINS3616 International Business Finance
FINS3635 Options Futures and Risk Management
FINS3641 Security Analysis and Valuation
MATH3311 Mathematical Computing for Finance


Year 4 Semester 1
FINS3775 Research Methods in Finance 1
6uoc 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