London, United Kingdom

Mathematics, Statistics and Financial Economics

Bachelor's
Language: EnglishStudies in English
Subject area: mathematics and statistics
Qualification: BSc
Kind of studies: full-time studies
Bachelor of Science (BSc)
University website: www.qmul.ac.uk
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Financial Economics
Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing (or "investment theory") and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital.
Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Statistics
Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data. In applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Populations can be diverse topics such as "all people living in a country" or "every atom composing a crystal". Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. See glossary of probability and statistics.
Statistics
While it is easy to lie with statistics, it is even easier to lie without them.
Attributed to Frederick Mosteller in Murray, Charles (2005). "How to Accuse the Other Guy of Lying with Statistics". Statistical Science 20 (3): 239-241. ISSN 0883-4237. Retrieved on 2011-08-22.
Statistics
Statistical thinking will one day be as necessary for efficient citizenship as the ability to read or write.
Attributed to H. G. Wells by Darrell Huff in How to Lie with Statistics (1954), epigraph The great body of physical science, a great deal of the essential fact of financial science, and endless social and political problems are only accessible and only thinkable to those who have had a sound training in mathematical analysis, and the time may not be very remote when it will be understood that for complete initiation as an efficient citizen of one of the new great complex world-wide States that are now developing, it is as necessary to be able to compute, to think in averages and maxima and minima, as it is now to be able to read and write. [HG Wells 1911, Mankind in the Making 2041]
Statistics
Without the aid of statistics nothing like real medicine is possible.
Pierre Charles Alexandre Louis
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