Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
Probability and Stochastics for Finance Certification will start with basics of probability as a tool to understand randomness and introduces the candidates to the main concepts, notions and results of stochastic financial mathematics.
Probability and Stochastics for Finance Classes provides necessary information for those individuals and professionals dealing with stochastic calculus and pricing in the models of financial markets such as SENSEX, NIFTY and operating under uncertainty.
All students enrolled will get a Probability and Stochastics for Finance Certification by Indian Institute of Technology Kanpur (IIT Kanpur) under the Swayam Initiative by Government of India.
The Highlights
- Provided by IIT Kanpur
- Online course
- 08 weeks course
- Shareable Certificate
- Expert Lectures
Programme Offerings
- video lectures
- Study Materials
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | Swayam |
If you are interested in getting a certificate from IIT Kanpur, you have to register and write the final exam, however, it is optional for a fee of only Rs 1000.
Probability and Stochastics for Finance Certification Fees
The Probability and Stochastics for Finance Certification Fees is nil. It's open for all interested candidates.
Description | Amount |
Course Fees | Free |
Course Fees (with certification) | INR 1000/- |
Eligibility Criteria
Educational Qualification
- Candidates appearing or appeared for qualifying exams
- Mathematics should be at least a course
Certificate Qualifying Details
E-certificates will be issued to all such participants who have attended the program and only if average assignment score is greater than 10/25 and final exam score is greater than 30/75, additionally If one of the criteria is not met, you will not get the certificate.
Work experience
Work Experience is not required to get enrolled into this certificate course.
What you will learn
Students enrolling for the Probability and Stochastics for Finance Certification Course provides the minimum mathematical requirements to study mathematical finance or more precisely the pricing of financial derivatives in stock and securities markets.
Probability and Stochastics for Finance Training helps students develop applications of these results to various kinds of calculations required in financial engineering and if you are interested in further learning you can visit Financial Modelling Certification Courses
After completion of this Probability and Stochastics for Finance Certification, the learning outcomes includes:
- Concepts in Probability and Stochastics for Finance.
- Financial Calculus, an introduction to derivative pricing
- The Mathematics of Financial Derivatives - An Introduction
Who it is for
There shall be good job opportunities if the relevant students apply for Probability and Stochastics for Finance Online Course:
Admission Details
The admission for the certificate course in Probability and Stochastics for Finance Certification starts soon and interested students are requested to enroll as soon as possible by following these steps:
Step 1: Visit the official website
Step 2: Fill up the application form
Step 3: Upload all necessary documents
Step 4: Pay the fee online via various methods (if you need certification)
The Syllabus
- Fundamentals of Interest Rate
- Fixed income securities
- Term structure of Interest rate-I
- Term structure of Interest rate-II
- Optimization problems in Finance
- Crash course on Karush-Kuhn-Tucker Conditions
- Mean Variance Portfolio Optimization
- Marketing Model & Related Issues
- The Capital Asset Pricing Model-I
- The Capital Asset Pricing Model-II
- The Basics of Financial Markets & Financial Derivatives
- Binomial Trees and Arbitrage
- Pricing Options using Binomial Trees-I
- Pricing Options using Binomial Trees-II
- Girsanov's Theorem
- Black Scholes Formula:The Risk Neutral Approach
- More on Black Scholes Formula
- Dividend Paying Stocks
- Pricing Forwards & Futures-I
- Pricing Forwards & Futures-II
- Basic Probability
- Interesting problems in Probability
- Random variables, Distribution Functions and Independence
- Chebyshev's Inequality, Borel-Cantelli Lemmas and related issues
- Law of Large Numbers and Central Limit Theorem
- Conditional Expectation
- Martingales
- Brownian Motion
- Ito Integral
- Ito Calculus
- Ito Integral in Higher Dimensions
- Applications of Ito Integral
- Black-Scholes Formula
Evaluation process
Yes, there will be a final exam at the end of the course after 08 weeks.
Instructors
IIT Kanpur Frequently Asked Questions (FAQ's)
Probability and Stochastics for Finance is used to help make investment decisions and helps in modeling forecasts of the probability of various outcomes under different conditions, using random variables.
The classes for this course are conducted in online virtual mode through pre-recorded videos under Swayam initiative.
Probability and Stochastics for Finance are concerned with random phenomena occurring dynamically in time or space or both.
The instructor teaching this course is Prof. Joydeep Dutta from IIT Kanpur, a Professor of Economics at the Department of Humanities and Social Sciences.
The main use of stochastic calculus for finance is through modeling an asset price in the Black-Scholes model.