Bachelor of Science in Mathematics and Finance Course at Botswana College of Engineering and Technology (BCET)

Bachelor of Science in Mathematics and Finance Course at Botswana College of Engineering and Technology (BCET)

What is Mathematics and Finance?

Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling of financial markets.

Programme Structure

Level 100 shall consist of the following courses:

Semester 1

MAT111 Introductory Mathematics I (4 credits, core)
MAF101 Mathematics of Finance I (3 credits, core)
ECO111 Basic Microeconomics (3 credits, core)
ICT121 Computing and Information Skills, Fundamentals I (2 credits, GEC)
MGT100 Principles of Management (3 credits, core)
COM141 Communication Skills I (3 credits, GEC)

Semester 2

MAT122 Introductory Mathematics II (4 credits, core)
MAF102 Mathematics of Finance II (3 credits, core)
ECO112 Basic Macroeconomics (3 credits, core)
ICT122 Computing and Information Skills, Fundamentals II (2 credits, core)
ACC100 Introductory to Accounting (3 credits, GCE)
COM142 Communication Skills II (3 credits Pre-req. COM 111)
Level 200 Shall consist of the following courses:

Semester 3

MAT221 Calculus I (3 credits, core, Pre-req. MAT122)
MAT242 Computing I (3 credits, core, Pre-req. MAT122)
MAT271 Introduction to Mathematical Statistics (3 credits, core, Pre-req. MAT122)
FIN200 Business Finance (3 credits, core, Pre-req. ACC100)
ECO211 Intermediate Microeconomics (3 credits, core, Pre-req. ECO111)
ACC201 Introduction to Cost Accounting (3 credits, Core, Pre-req. ACC100)

Semester 4

MAT222 Calculus II (3 credits, core, Pre-req. MAT221)
MAT212 Introduction to Linear Algebra (3 credits, core, Pre-req. MAT111)
ECO212 Intermediate Macroeconomics (3 credits, core, Pre-req. ECO112)
MAT244 Numerical Methods (3 credits, core, Pre-req. MAT122)
ACC206 Accounting for Manufacturing and Alternative Entities (3 credits, core, Pre-req. ACC100)
MAF201 Mathematics of Finance III (3 credits, core, Pre-req. MAF102)

Level 300 Shall consist of the following courses:

Semester 5

Core courses

MAT321 Real Analysis I (3 credits, core, Pre-req. MAT222)
ACC308 Cost and Management Accounting (3 credits, core, Pre-req. ACC201)
MAF301 Mathematics of Finance IV (3 credits, core, Pre-req. MAF201)
FIN301 Financial Institutions and Markets I (3 credits, core, Pre-req. FIN200)

Optional Courses (choose any 2)

STA361 Time Series Analysis (3 credits, Optional, Pre-req. MAT271)
MAT361 Linear Programming and Game Theory (3 credits, Optional, Pre-req. MAT212)
MAT371 Mathematical Statistics II (3 credits, Optional, Pre-req. MAT271)

Semester 6

MAT322 Real Analysis II (3 credits, core, Pre-req. MAT321)
MAT324 Differential Equations (3 credits, core, Pre-req. MAT222)
MAF302 Stochastic Calculus I (3 credits, core, Pre-req. MAT222
FIN304 Principles of Risk Management and Insurance. (3 credits, core,)
FIN 302 Financial Planning and Forecasting (3 credits, core)
FIN 300 Financial Management (3 credits, core,
MAF 300 Industrial Attachment (3 Credits, core)

Level 400 Shall consist of the following courses:

Semester 7

Core Courses

FIN400 Financial Theory and Analysis (3 credits, core, Pre-req. FIN300)
MAF401 Stochastic Calculus II (3 credits, core, Pre-req. MAF302)
Optional Courses (Choose any 3)
MAT474 Stochastic Processes (3 credits, optional, Pre-req. MAT371)
MAT471 Multivariate Statistics I (3 credits, Optional, Pre-req. MAT371)
MAT461 Calculus of Variations & Control Theory (3 credits, Optional, Pre-req. MAT324)
MAT421 Function of Complex Variables (3 credits, Optional, Pre-req. MAT321)

Semester 8

Core Courses

MAT423 Mathematical Methods (3 credits, core, Pre-req. MAT324)
MAF400 Project: Topics in Finance (3 credits, core, Pre-req. MAF301, FIN301)
FIN404 Investment Analysis and Portfolio Management (3 credits, Corer, Pre-req. FIN300)

Optional Courses (Choose any 2)

MAF402 Optimization in Finance (3 credits, optional, Pre-req. MAT 361)
FIN403 Financial Institutions and Markets II (3 credits, optional, Pre-req. FIN301)
MAF404 Financial Models (3 credits, optional, Pre-req. MAF401)
BIS309 Accounting Information Systems (3 credits, optional, Pre-req. ACC206)
FIN402 International Business Finance (3 credits, core, Pre-req. FIN301)

Courses for Non-Mathematics Majors (Service courses)

MAT103 Mathematics for Allied Sciences I (3, Pre-req. O-Level Credit in Mathematics)
MAT104 Mathematics for Allied Sciences II (3, Pre-req. MAT103)
MAT201 Ancillary Mathematics (3, Pre1-.req. MAT122 or A-Level Maths .or equivalent)

Engineering Mathematics

MAT191 Design Mathematics I (3)
MAT192 Design Mathematics II (3)
MAT291 Engineering Mathematics I (3, Pre-req. MAT111 and MAT122)
MAT292 Engineering Mathematics II (3, Pre-req. MAT291)
MAT391 Engineering Mathematics III (3, Pre-req. MAT292)
MAT392 Engineering Mathematics IV (3, Pre-req. MAT391)
MAT394 Engineering Mathematics IVB (3, Pre-req. MAT291)
MAT491 Engineering Mathematics V (3, Pre-req. MAT292)
MAT492 Engineering Mathematics VI (3, Pre-req. MAT292)

Bachelor of Education Degree (Secondary)

In Semesters 5 to 8, students pursuing the Bachelor of Education (Secondary) Programme shall take credits from the following core courses:

Semester 5

MAT381 Calculus for Teachers I (3)
MAT383 Linear Algebra for Teachers (3)
MAT387 Mechanics for Teachers I (3)
MAT389 Linear Programming and Game Theory for Teachers (3)

Semester 6

MAT382 Calculus for Teachers II (3, Pre-req. MAT381)
MAT384 Computing for Teachers (3)
MAT388 Mechanics for Teachers II (3, Pre-req. MAT387)

Semester 7

MAT481 Geometry for Teachers I (3)
MAT483 Real Analysis for Teachers (3)
MAT485 Number Theory and Abstract Algebra for Teachers (3)

Semester 8

MAT324 Differential Equations (3, Pre-req. MAT222 or MAT382)
MAT482 Geometry for Teachers II (3, Pre-req. MAT481)
MAT484 Introduction to Probability and Statistics for Teachers (3)

General Education Courses

MAT101 Mathematics for Social Scientists (3)
MAT102 Mathematics in Business (3)
MAT105 Numeracy Skills (2)

Assessment and Examination

Performance in each course shall be evaluated by the combination of continuous assessment and final examination marks:

(a) Continuous Assessment (CA): In all years CA shall be based on tests and/or assignments with at least two tests per semester.
(b) The Project courses MAT401, MAT406; and the course MAT404 shall be assessed by CA only.
(c) Examinations: Each course shall be examined at the end of the semester.
(d) Final marks: The ratio between CA and Examination normally shall be 1:2. For the courses MAT242, MAT348 and MAT384 the ratio between CA and Examination shall be 1:1.