Stochastic Finance (Intermediate)

Dublin City University

Course Description

  • Course Name

    Stochastic Finance (Intermediate)

  • Host University

    Dublin City University

  • Location

    Dublin, Ireland

  • Area of Study


  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    This undergraduate course covers asset pricing, with emphasis on continuous-time models. Arbitrage, trading strategies, market completeness. Portfolio choice in complete and incomplete markets. Myopic and hedging demand. Derivatives pricing: risk-neutral pricing and risk premia. 

    Learning Outcomes
    1. Use basic models to price assets
    2. Apply common hedging techniques
    3. Derive heuristic solutions to portfolio choice problems
    4. Understand the payoffs of different trading strategies
    5. Use risk-neutral methods to price derivative contracts
    6. Relate discrete-time models with their continuous-time counterparts

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.