What are Some Accessible Books on Financial Mathematics for Undergraduates?

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The discussion centers on finding accessible books on financial mathematics for undergraduates, emphasizing the need for materials that do not require advanced degrees to understand. Participants clarify that financial mathematics encompasses topics like the Black-Scholes equation, financial derivatives, and stochastic differential equations, rather than basic accounting. Recommendations include the book by Parmenter published by Actex, which is noted for its clarity in explaining financial math concepts. The conversation highlights the importance of covering foundational topics such as time series and simulations. Overall, the focus is on identifying resources that effectively bridge the gap between basic understanding and more complex financial mathematics.
gravenewworld
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Does anyone know of any good books on financial math? I am interested in something that covers the basics of financial math and is accessible to undergraduates. I don't want anything that takes a phd to understand.
 
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It is not clear what you mean. If you are referring to accounting then there is not much math required, it is all orgainization.

If you are referring to modeling economic systems then you must learn about nonlinear dynamic systems (Chaos) .

What is financial math?
 
I had something in mind like Black-scholes equation (which is very famous), financial derivatives, options, etc.
 
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Calculus and Differential equations will do what you need for that.
 
Integral said:
What is financial math?
financial mathematics usually refer to time series, simulations, stochastic differential equations, and etc.
 
"theory of interest and life contingencies with pension application"

by Parmenter,Actex Pbublication...is very good book about f.math
 
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