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Oxford University Gazette, 16 November 2006: Examinations and Boards

Lecture Lists, Hilary Term

Files for the Hilary Term Lecture Lists are to be received in the Gazette Office by Monday, 27 November. Entries for the Special Lecture List should be received by Monday, 4 December. All enquiries and submissions should be directed to: lecture.lists@admin.ox.ac.uk.

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Changes in Regulations

With the approval of the Educational Policy and Standards Committee of Council, the following changes in regulations made by the Mathematical, Physical and Life Sciences Board will come into effect on 1 December.

Mathematical, Physical and Life Sciences Board

M.Sc. in Mathematical and Computational Finance

With effect from 1 October 2007 (for first examination in 2008)

1 In Examination Regulations, 2006, p. 740, after l. 26, insert:

 
`Mathematical and          Mathematical, Physical
Computational Finance       Life Sciences'.

2 Ibid, p. 796, after l.22, insert:

'Mathematical and Computational Finance

1. The Divisional Board of Mathematical, Physical and Life Sciences shall appoint for the supervision of the course a supervisory committee, which shall have the power to approve lectures and other instruction. The committee shall appoint a course organiser who will be responsible for ensuring that the programme is set up and the decisions of the committee are carried out.

2. The course organiser shall arrange for the appointment of a supervisor for each candidate.

3. Each candidate shall follow a course of study in Mathematical and Computational Finance for at least three terms and for a substantial part of the intervening vacations.

4. The examination will consist of the following parts:

(i) A minimum of four core courses in mathematical methods and numerical analysis which will be assessed by examination organised within the department; the core courses will include topics based on the schedule below.

(ii) A minimum of two options chosen from a list that will be published each year. These options will be assessed by a written project.

(ii) A dissertation of between twenty-five and forty pages on a topic approved by the examiners.

The detailed requirements, including the numbers of Core Courses and Options that candidates are required to take, will be set out each year on the course Web site.

5. Three copies of the dissertation must be delivered not later than noon on a date to be specified by the examiners which will normally be in late June, to the Examiners, M.Sc. in Mathematical and Computational Finance, c/o Clerk of the Schools, Examination Schools, High Street. The examiners may also direct that a copy of the dissertation in pdf or other machine-readable format be made available. Candidates will also be required to give an oral presentation based on their dissertation.

6. Candidates may be required to attend an oral examination at the end of the course of studies at the discretion of the examiners.

7. The examiners may award a distinction for excellence in the whole course.

8. A candidate who fails the examination will be permitted to retake it on one further occasion only, not later than one year after the initial attempt. In such a case the examiners will specify at the time of failure which components of the examination may or must be redone.

Schedule

Mathematical methods including stochastic analysis, partial differential equations, probability and statistics. Mathematical models of financial markets; associated topics in financial economics. The numerical solution of ordinary, partial and stochastic differential equations. Monte Carlo methods. Numerical methods for optimisation. Programming in appropriate languages, and use of relevant packages.'

3 Ibid, p. 1103, after l. 22, insert:

'(o) for members of the University working for the M.Sc. in Mathematical and Computational Finance: £17,000;'.

4 Ibid, l.23, delete '(o)' and substitute '(p)'.

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