The course

1
Start here
Paper A 3 h 20 in Word and Paper B 1 h 50 in Excel, weighted 70:30
Free: A tour of CM2 Free: Working in Word and Excel
2
Efficient markets and utility theory
Topic 1: Rational economic theory, 10% of the exam
Free: Expected utility and risk aversion 13 questions
3
Measures of investment risk
Topic 2: Measures of investment risk, 10% of the exam
Value at Risk and expected shortfall 12 questions
4
Portfolio theory, CAPM and factor models
Topic 3: Asset valuations, 30% of the exam
Portfolios and the CAPM 14 questions
5
Stochastic models of security prices
Topic 3: Asset valuations, 30% of the exam
Brownian motion and Ito's lemma 12 questions
6
Term structure models and credit risk
Topic 3: Asset valuations, 30% of the exam
Short-rate models and the Merton model 12 questions
7
Ruin theory
Topic 4: Liability valuations, 20% of the exam
Ruin and the adjustment coefficient 13 questions
8
Run-off triangles and guarantees
Topic 4: Liability valuations, 20% of the exam
The chain ladder and Bornhuetter-Ferguson 12 questions
9
Arbitrage, forwards and option bounds
Topic 5: Option theory, 30% of the exam
Forwards, bounds and put-call parity 14 questions
10
Binomial models
Topic 5: Option theory, 30% of the exam
Binomial trees and risk-neutral pricing 13 questions
11
Black-Scholes and the Greeks
Topic 5: Option theory, 30% of the exam
Black-Scholes prices and the Greeks 14 questions
12
Mock exams
Two full mocks, each a Paper A and a Paper B in the exam's timings
The mocks