The book "Introduction to Financial Mathematics" provides a comprehensive and detailed interpretation of the fundamental phenomena that manifest in the financial system.
This book enables the accurate valuation of option rights and the understanding of key concepts in portfolio optimization and risk management. It further analyzes the conditions of the absence of risk-free profitability and the property of a complete money market.
To make it accessible to first-year students, we limit ourselves to a finite sample space, without losing the essential peculiarities of contemporary financial processes.
The concepts required for the mastery of this work are the basic concepts of Mathematical Science as taught in mathematics, engineering, and economics departments.
The student is encouraged to engage seriously with the exercises, so as to reinforce the theory and develop the necessary financial intuition. Finally, the bibliography provides a concise overview of the modern achievements in the corresponding science.
