Programme Specifications
Financial Mathematics
1 : Awarding Institution / Body
Aberystwyth University
2a : Teaching Institution / University
Aberystwyth University
2b : Work-based learning (where appropriate)
Information provided by Department of Mathematics:
3a : Programme accredited by
Aberystwyth University
3b : Programme approved by
Aberystwyth University
4 : Final Award
Bachelor of Science
5 : Programme title
Financial Mathematics
6 : UCAS code
G1NF
7 : QAA Subject Benchmark
Information provided by Department of Mathematics:
Credit and Qualifications Framework for Wales
QAA Subject Benchmark Statement: Finance
QAA Subject Benchmark Statement: Mathematics, Statistics and Operational Research
8 : Date of publication
Information provided by Department of Mathematics:
September 2023
9 : Educational aims of the programme
Information provided by Department of Mathematics:
The educational aims of the programme are:
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To provide students with knowledge and understanding in a range of topics in Mathematics, Statistics, Accounting and Finance.
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To develop skills in the application of such knowledge and understanding to the solutions of problems in Mathematics, Statistics, Accounting and Finance.
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To develop the ability to transfer subject-specific skills to a range of topics in Mathematics, Statistics, Accounting and Finance.
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To provide students aiming for careers in finance with knowledge and skills in Mathematics and Finance particularly appropriate to such a career.
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To develop analytical reasoning skills, team-working skills, information technology skills and other skills appropriate to a wide range of careers.
10 : Intended learning outcomes
Information provided by Department of Mathematics:
The programme provides opportunities for students to develop and demonstrate knowledge and understanding, skills, qualities and other attributes in the following areas:
10.1 : Knowledge and understanding
Information provided by Department of Mathematics:
A1 Of fundamental concepts and techniques of calculus, algebra, analysis and mathematical modelling, probability, statistics, financial and management accounting.
A2 Of more advanced concepts in abstract algebra, real analysis, numerical mathematics, probability, statistics, finance and accounting.
A3 Of a selection of specialist topics in Mathematics, Statistics, Accounting and Finance.
A4 Of software for the analysis of numerical data.
A5 Of software for supporting presentations and producing reports.
Learning and Teaching
Formal lectures (A1-A4), tutorials (A1-A3), examples classes (A1-A3), practical classes (A4 - A5), help-desk encounters (A1), student-initiated informal meetings with lecturers (A1-A4), coursework (A1-A4). Project consultations (A1-A5) for students who have chosen the appropriate module.
Assessment Strategies and Methods
Unseen written examinations (A1-A3), open-book practical examinations (A1 - A4), coursework (A1-A4). Project report (A1 - A5), if appropriate.
10.2 : Skills and other attributes
Information provided by Department of Mathematics:
10.2.1 Intellectual Skills
B1 Calculate and manipulate data obtained from, or related to, the bodies of knowledge studied.
B2 Apply a range of concepts and principles in well-defined mathematical, statistical, accounting and financial contexts, showing judgement in the selection and application of tools and techniques.
B3 Develop and evaluate logical arguments.
B4 Abstract the essential elements of problems, formulate them in an appropriate context and obtain solutions by appropriate methods.
Learning and Teaching
Formal lectures, tutorials, examples classes, practical classes, revision workshops, help-desk encounters, student-initiated informal meetings with lecturers. Project consultations for students who have chosen the appropriate module. Skills B1-B4 are developed in all these learning situations.
Assessment Strategies and Methods
Unseen written examinations, open-book practical examinations, coursework, project report, if appropriate. Skills B1-B4 are assessed by all these assessment methods.
10.2.2 Professional practical skills / Discipline Specific Skills
By the end of their programme, all students are expected to be able to:
C1 Present arguments and conclusions effectively and accurately.
C2 Use computer software to analyse and interpret data.
C3 Use computer software to support presentations and produce reports.
Learning and Teaching
Formal lectures, tutorials, examples classes, practical classes, revision workshops, help-desk encounters, student-initiated informal meetings with lecturers. Project consultations where students who have chosen the appropriate modules. Skill C1 is developed in all these learning situations, skills C2 - C3 in practical classes and the project module.
Assessment Strategies and Methods
Unseen written examinations (C1), open-book practical examinations (C2), coursework (C1, C2). Project report (C1 - C3), if appropriate.
10.3 : Transferable/Key skills
Information provided by Department of Mathematics:
By the end of their programme, all students are expected to be able to:
D1 Apply general mathematical skills to the interpretation of numerical data.
D2 Work as a member of a team.
D3 Use information technology effectively to manage information.
D4 Manage time and resources effectively.
D5 Develop effective learning skills.
D6 Be aware of the need to plan for employment and of need to develop various skills for such employment.
D7 Work independently.
Learning and Teaching
Skill D1 is developed in all learning environments in the Department of Mathematics and assessed by all assessment methods. Skill D2 is developed during practical classes. Skill D3 is developed primarily in practical classes and assessed by open-book examinations and coursework. Project consultations for students who have chosen the appropriate module. Skill D3 is also developed through the use of e-mail, which is a normal means of communication between staff and students. Skills D4 and D5 are developed in an induction course on study skills, in preparing set coursework and submitting it by given deadlines and in planning and executing a survey. Skills D2, D4 and D5 are not explicitly assessed. Skill D6 is developed at meetings with Personal Tutors, at occasional recruitment meetings arranged for final-year student in the Department of Mathematics and in interactions with the Careers Advisory Service. Skills D4, D5 and D7 are developed by independent study for an optional project.
11 : Program Structures and requirements, levels, modules, credits and awards
BSC Financial Mathematics [G1NF]
Academic Year: 2024/2025Single Honours scheme - available from 2019/2020
Duration (studying Full-Time): 4 years12 : Support for students and their learning
Every student is allocated a Personal Tutor. Personal Tutors have an
important role within the overall framework for supporting students and
their personal development at the University. The role is crucial in
helping students to identify where they might find support, how and where
to seek advice and how to approach support to maximise their student
experience. Further support for students and their learning is provided by
Information Services and Student Support and Careers Services.
13 : Entry Requirements
Details of entry requirements for the scheme can be found at http://courses.aber.ac.uk
14 : Methods for evaluating and improving the quality and standards of teaching and learning
All taught study schemes are subject to annual monitoring and periodic
review, which provide the University with assurance that schemes are
meeting their aims, and also identify areas of good practice and
disseminate this information in order to enhance the provision.
15 : Regulation of Assessment
Academic Regulations are published as Appendix 2 of the Academic Quality
Handbook: https://www.aber.ac.uk/en/aqro/handbook/app-2/.
15.1 : External Examiners
External Examiners fulfill an essential part of the University’s Quality
Assurance. Annual reports by External Examiners are considered by
Faculties and Academic Board at university level.
16 : Indicators of quality and standards
The Department Quality Audit questionnaire serves as a checklist about the
current requirements of the University’s Academic Quality Handbook. The
periodic Department Reviews provide an opportunity to evaluate the
effectiveness of quality assurance processes and for the University to
assure itself that management of quality and standards which are the
responsibility of the University as a whole are being delivered
successfully.