The George R. Brown School of Engineering and The School of Social Sciences
The Departments of Statistics and Economics collaborate to offer Rice undergraduate students a minor in financial computation and modeling (FCAM). The FCAM minor consists of six courses focusing on the strategies and computational technologies used in the financial industry. The minor is designed for those students with strong computational skills and an interest in finance. Many students pursuing the FCAM minor enter careers in the financial industry, either immediately after completion of their undergraduate studies or after graduate studies. Students completing the FCAM minor will understand the complexities of financial markets and their role in and impact on world economies.
The basic tools component of the FCAM curriculum will equip students with the economic, probability and statistical tools necessary to pursue the advanced analytical courses. In the advanced courses, students will be exposed to state-of-the-art models and methodologies based on long-standing assumptions about the behavior of financial markets. They also will be exposed to alternative views of market behavior and investment strategies. The goal is to educate students to question basic assumptions as well as utilize and understand technologies based on these important assumptions. In the financial industry, a large suite of solutions are implemented and continually enhanced. A goal of the FCAM program is to train leaders in this industry who not only will understand the financial technologies but also will understand the role, impact, and potential pitfalls of these technologies.
Upon completing the Financial Computation and Modeling minor, students will be able to:
Students pursuing the minor in Financial Computation and Modeling (FCAM) must complete:
CORE REQUIREMENTSStudents must complete a total of 3 courses (9-10 credit hours depending on course selection) as listed below to satisfy the Financial Computation and Modeling minor's Core Requirements.
Basic ToolsStudents must complete 3 courses (9 credit hours) from the following:
ELECTIVESTo fulfill the remaining Financial Computation and Modeling minor requirements, students must complete a total of 3 additional courses (9 credit hours) from the following 4 groups. No more than 1 course can be taken from each group to satisfy the Electives requirement. Students majoring in Economics (ECON) must take at least 1 advanced course from Statistics (STAT) course offerings. Students majoring in Statistics (STAT) must take at least 1 advanced course from Economics (ECON) course offerings.
Group IStudents may complete 1 course (3 credit hours) from the following:
Group IIStudents may complete 1 course (3 credit hours) from the following:
Group IIIStudents may complete the following course:
Group IVStudents may complete 1 course (3 credit hours) from the following:
Note: Internally, the university uses the following abbreviations (4-digit codes) to identify the undergraduate minor in Financial Computation and Modeling. The following is a quick reference:
Course Catalog/Schedule - Course offerings/subject code: Courses from various subjects may apply toward the minor. Department Description and Code - Financial Computation and Modeling: FCAM Minor Description and Code - Minor in Financial Computation and Modeling: FCAM
Financial Computation and Modeling does not offer an academic program at the graduate level.
The official course offerings, including course descriptions, listed in the Financial Computation and Modeling's Undergraduates section can be found in Rice's Course Catalog.
To view the most recent course schedule for the 2016-2017 academic year, see Rice's Course Schedule.
For additional information regarding Financial Computation and Modeling, see the department's website: http://www.cofes-rice.org/about-cofes/.