School Of BusinessAdvanced Topics in Finance: Nonlinear AnalysisWestern Sydney University Unit Code: 200490.2
Discipline: ECONOMICS
Student Contribution Band: 3
Level: 5
Credit Points: 10
About this Unit
This subject equips students with the ability to comprehend the developing literature on nonlinear approaches to finance. It commences with a coverage of the economic literature on nonlinear finance, introduces the basic mathematical tools needed up to systems of coupled nonlinear differential equations and provides the foundations of complexity analysis and chaos theory. Further topics covered will in general depend on the current state of the academic literature, but will at this time include: techniques for nonlinear data mining (neural networks, genetic programming); power law distributions; Tsallis nonextensive q-statistics; and the maximum entropy approach to the behaviour of finance markets.