The Department of Mathematics, University of Sargodha organized a seminar titled “Importance of Mathematics in Finance and Economics”. Prof. Dr. Qaisar Abbas, Vice Chancellor, highlighted the importance of mathematics in other disciplines.
The Department of Mathematics, University of Sargodha organized a seminar titled “Importance of Mathematics in Finance and Economics”. Prof. Dr. Qaisar Abbas, Vice Chancellor, highlighted the importance of mathematics in other disciplines.
The invited speaker Prof. Dr. Muhammad Shahbaz (Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing, China) gave the motivated lecture to participants in context of research and higher education. Who is a well known policy researcher in the world.
The participants attended the lecture with keen interest and enjoyed the wonderful way of delivery of the lecturer by the respected speaker.
In the end, Dr. Shahid Mubeen (Chairman, Department of Mathematics) announced the start of a new BS program “BS in Mathematics with Finance and Economics” from Fall-2023 after the approval from concerned bodies.
He said that this program is unique in its numerous career paths. Especially after BS in Mathematics, students see teaching as the only profession, but in the changing world, the importance of mathematics is much more than that and almost every field from biology to computer requires mathematics, he added.
Financial mathematics focuses on applying mathematical formulas and equations to financial problems, market modeling and data analysis. With this strategy, financial professionals can better understand business performance, including profitability and growth potential.
Financial mathematics is the product of applying mathematics to portfolio selection theory and option pricing theory. With the rapid development of the economic situation, the products and derivatives of the financial industry are constantly optimized and innovative, and new financial products and services are gradually increasing.
The operation of financial markets, the design and pricing of financial derivatives, and the analysis and management of risk become very important, and the research and development of financial mathematics is becoming more and more important. Therefore, it is of practical significance to analyze the specific application of mathematics in the financial field.
Originally published at Pakistan Observer