DEPARTMENT OF MATHEMATICS Handbook for Students on the Conversion Year in Mathematical Finance 2009/10 1 2 CONTENTS 1. Purpose of this handbook .................................................................................................................. 4 2. Being a Conversion Year student ...................................................................................................... 4 Your responsibilities .......................................................................................................................... 5 3. Nature and structure of the course ................................................................................................... 6 Autumn Term (Term 1) ..................................................................................................................... 6 Spring Term (Term 2) ........................................................................................................................ 6 Summer Term (Term 3) ..................................................................................................................... 7 4. Assessment and progression ............................................................................................................. 7 Assessment ......................................................................................................................................... 7 Successful completion ....................................................................................................................... 8 Mark record sheets and course transcripts ......................................................................................... 8 5. Appeals procedure ............................................................................................................................ 8 Students wishing to appeal against their result .................................................................................. 8 Students wishing to appeal against the mark of a specific assessment ............................................. 8 6. Academic misconduct: University guidelines ................................................................................... 9 Online Academic Integrity Tutorial and Test .................................................................................. 10 7. The York Award .............................................................................................................................. 10 8. Careers Service ................................................................................................................................ 10 9. Facilities .......................................................................................................................................... 11 Computing facilities ......................................................................................................................... 11 Library.............................................................................................................................................. 12 Telephones ....................................................................................................................................... 12 10. The Department of Mathematics ................................................................................................... 12 11. Supervisor ..................................................................................................................................... 13 12. Moodle Virtual Learning Environment ........................................................................................ 13 13. Student Support and Welfare Services ......................................................................................... 13 14. Health & Safety.............................................................................................................................. 14 15. Contact Details ............................................................................................................................... 14 1. Purpose of this handbook This handbook is designed to give you information about the course and the assessment procedures for the Conversion Year in Mathematical Finance. Our intention is to make the course structure and the assessment process as clear as possible. If you have any queries about the course as a whole please contact: General Queries Mr. Nicholas Page: njp503@york.ac.uk Tel (43)3097 Dr. Henning Bostelmann: hb540@york.ac.uk Tel (43)3088 Prof. Steve Donkin: sd510@york.ac.uk Tel: (43)4102 Queries about Computing Facilities Course Director Please note that course details and course assessment may change: you will be kept fully up-to-date. It is your responsibility to check your email and Moodle (the Electronic Learning Platform used by the Department of Mathematics) regularly for information about the course, modules and assessments. This handbook also contains a variety of other information concerning the University, Careers, the Department of Mathematics, the Library and other facilities. For general enquiries the staff of the university Graduate Schools Office, which is situated in the Student Services Building, between Computing Service and Vanbrugh College, will always be glad to help you if they can, or to tell you where to go next. The telephone number for enquiries is (43)2142. The email address is graduate@york.ac.uk. Other information is available on the World Wide Web at http://www.york.ac.uk/admin/gso. In particular, see the information for new students starting in October at http://www.york.ac.uk/newstudent/ and the Ordinances and Regulations of the University at http://www.york.ac.uk/admin/aso/ordreg/. Your personal supervisor will be able to help with queries on the course, and the general interests of graduate students in the university are looked after by the Students' Union and the Graduate Students' Association. The notice boards in the corridors show a lot of information that may be of interest to you. There is a graduate notice-board in the corridor outside G/120; you should get into the habit of looking at it regularly. 2. Being a Conversion Year student You will probably find that your life as a Conversion Year student is rather different from what you were used to as an undergraduate. However, the differences are unpredictable and will vary with the individual. The following are some of the possibilities that you should be prepared for. You may already be expecting a discontinuity in the nature and the amount of mathematics that you have to learn. You may be used to acquiring mathematical knowledge only from lectures; if so, you will have to acquire the habit of reading mathematical books and papers. You should try to develop the skill of being selective in the way you cover material; it is often not necessary to know every detail of every proof, and even when you do need to understand the details, it can be helpful to start with a preliminary reading in which you concentrate on definitions and the statements of theorems, skipping the proofs. You are one of a group of students working in the same area, and if you tended to work on your own as an undergraduate, you might find that the Conversion Year is a more social activity than you had expected. It can be very helpful and enjoyable to discuss problems and to share ideas with others. This is still true even if you are the sort of person who needs to be on their own to think effectively. You can still pick up the bones of an idea or a problem from conversation, without feeling that you really understand it, and then go away and think about it by yourself until you do understand it. It might be only after doing this that you have some contribution to make to a discussion. On the other hand, it can be very helpful in the development of your own ideas to talk about them to other people. Even if they don't respond, the act of expressing your ideas can help to clarify them to yourself. Unnoticed mistakes often come to light this way. As an aspiring professional, you should aim not just to learn and understand mathematical ideas and their relevance in modern quantitative finance, but most importantly to communicate them to others, including people who do not have the same level of mathematical skill and knowledge as yourself. If you are to get the maximum benefit from the course, there are two important don'ts to bear in mind: don’t be afraid to admit your ignorance, and don’t be afraid of asking a silly question. These are easy to state, and hard to follow. But you should try. Your responsibilities There are a few simple rules we need to ask every student to follow so the programme can run smoothly and efficiently for everyone. Your kind cooperation will be greatly appreciated. Keeping contact details up to date. We shall need to contact you many times during the programme, and also after you complete it, so please keep your postal addresses (permanent and term-time), telephone numbers (including a mobile number if you have one) and private email address up to date by reporting any changes to the Graduate Secretary, Nicholas Page, njp503@york.ac.uk, tel. (43)3097. Checking email on a daily basis. We shall be using your University of York email address exclusively while you remain registered on the programme. Many important and possibly urgent messages will be communicated in this way, for example, last minute timetable changes. It is your responsibility to check and read your University of York email every day. Any messages posted to your University of York email address will be deemed to have been read by you after 24 hours. Using University of York email address to send email to staff. We give very high priority to dealing with email from current students. Some staff members use automatic filters and email sorting software to automatically recognise email from current students so it can be dealt with it in an efficient and timely manner. Email sent from accounts other than the one provided to students by the University may end up delivered in the wrong folders, where it can remain ignored for long periods of time, and in some cases blocked, lost or deleted. If you would like your email to be read and acted upon quickly, please send it from your University of York email account. 3. Reporting problems in a timely manner. Unfortunately, some students might experience problems, such as illness, accident or family bereavement, which are beyond their control and serious enough to interfere with the course of studies. Such problems need to be reported to the Personal Supervisor or Graduate Secretary as soon as practicable. This is important in all cases, but particularly when assessed work, deadlines, scheduled examinations and tests, and scheduled personal supervisory sessions and meetings are involved. Allowances can only be made if any such problems are reported in a timely manner, which in the vast majority of cases will mean in advance of any such deadline, examination, test or meeting. However, reporting a problem does not necessarily mean that allowances will automatically be made: each case will be considered individually, and evidence may be requited (e.g. a doctor’s letter). Being aware of university and departmental rules and regulations. It will be assumed that you have read and understood the university and departmental rules and regulations relevant to your programme of study. Please familiarise yourself with these at your earliest opportunity (the web links are provided earlier in this document). This includes familiarising yourself with this Student Handbook, though if you are reading this, perhaps we do not need to say so here after all . If in doubt, about any rules and regulations, please consult your Personal Supervisor, who will be happy to help. Nature and structure of the course Each Conversion Year student must complete modules to the value of 120 credits selected from the following list, subject to prerequisites, timetabling constraints and availability of courses, and subject to approval by the Programme Director. The contents, individual learning outcomes, bibliography and other details for all undergraduate modules are described in module specifications available on the departmental web pages. Autumn Term (Term 1) Calculus (30 credits, continues into Spring Term) Core Algebra (30 credits, continues into Spring Term) Introduction to Probability and Statistics (20 credits) Vector Calculus I (10 credits) Linear Algebra (10 credits) Statistical Theory I (10 credits) Mathematical Finance I (10 credits) C++ Programming for Mathematicians (10 credits) Spring Term (Term 2) Calculus (30 credits, continued from Autumn Term) Core Algebra (30 credits, continued from Autumn Term) Real Analysis (20 credits, continues into Summer Term) or Real Analysis A (10 credits) Vector Calculus II (10 credits) Introduction to Differential Equations and Fourier Series (10 credits) Statistical Theory II (10 credits) Probability Theory II (10 credits) Summer Term (Term 3) Calculus (30 credits, continued from Spring Term) Core Algebra (30 credits, continued from Spring Term) Real Analysis (20 credits, continued from Spring Term) or Real Analysis B (10 credits) Introduction to Applied Mathematics (20 credits) Differential Equations (10 credits) Statistical Theory III (10 credits) Numerical Analysis and Scientific Computing I (10 credits) 4. Assessment and progression Assessment Teaching and assessment methods employed in the programme are varied, ranging from formal lectures and seminars to mathematical problem-solving as well as more substantial coursework assignments, with final assessment by means of written examinations. For the majority of taught modules there will be a formal closed examination, usually in the first week of the following term. The Department follows University regulations on anonymous and double marking. The External Examiner has a central role in deciding borderlines and marginal cases, and is able to review all materials leading to the setting of module marks. More information on the assessment of taught modules can be found in the document “Assessment Policies and Practices for Undergraduates” at http://maths.york.ac.uk/www/sites/default/files/writtenstatement2009_10_0.pdf. Deadlines for submission of coursework are determined by individual lecturers, who provide this information to students early in each module. Penalties for late submission will be as follows: When the deadline is more than 10 days: o For the first five days, each day or part day will incur a penalty of 10% of the maximum mark. This includes days at weekends or holidays when the office is not open. o Work submitted after five days will receive a mark of 0. When the deadline is 10 days or less: o A mark of 0. Please do not ask for deadlines to be extended unless there are medical grounds (supported by a medical note) or other compelling circumstances (supported by a written submission from your personal supervisor). It is your responsibility to plan your work around these deadlines. The Department marks every module on a scale of 0 to 100. The results of examinations are made available as follows: The results from the examinations of first year modules in Week 1 of the Spring Term are made available within the first few weeks of the Spring Term. Provisional marks for other examinations at the beginning of the Spring term are normally available at the end of the Spring term. Provisional marks for all other examinations are normally available at the end of the Summer term. All of these marks are subject to change by the Board of Examiners in consultation with the External Examiners (although in practice this rarely happens). Successful completion To satisfy the criteria for successful completion of the Conversion Year, students need to: (i) attain a final weighted average mark of at least 60 from all modules, (ii) attain a final mark of 50 in each module, (iii) satisfy the External Examiner from their coursework, examination results, and dissertation that they are of a standard worthy of entry into the MSc in Mathematical finance. Candidates who have not satisfied the criteria for successful completion of the Conversion Year at the first attempt may be offered a resit opportunity in some modules, subject to the following conditions. (i) Students are allowed to resit a maximum of 40 credits, or two modules in the case where the total credit value of these exams is more than 40 credits. (ii) Students are only allowed to resit modules in which they obtained a mark of less than 50. (iii) Resit marks are capped at 50. (iv) If a module is assessed solely using coursework, then there is normally no opportunity to resit. The resit of Core Mathematics takes place in the first week of Summer Term. All other resits take place during August in the summer vacation. Mark record sheets and course transcripts The Department keeps a running record of your marks as the course proceeds. All available marks are accessible by you through Moodle or may be obtained from your supervisor or the Graduate Secretary. At the end of the course a transcript is prepared for each student, which gives a breakdown of the assessment results. 5. Appeals procedure This is only an outline of the procedure and is condensed from University Ordinances and Regulations. Students wishing to appeal against their result The university regulations are quite clear that there is no appeal available against the judgement of the examiners (Regulation 2.9c, 6.4ci). There is only appeal against the decision to allow resits or if there is prima facie evidence that one or more of the following has occurred: seriously inadequate supervision; examinations conducted unfairly or improperly or examiners showed prejudice against the student. If an appeal is desired then it must be made in writing to the Registrar within four weeks of being notified of the decision. Students wishing to appeal against the mark of a specific assessment Again the university regulations state that there is no appeal against the judgement of the examiners (Regulation 2.9c). However, if a student wishes to draw the attention of the external examiner to a particular mark, which they believe to be in error, then they should write to the examinations officer stating their case. All special cases, including late submissions, will be marked with no allowance made but will be brought to the attention of the external examiner. Any particular circumstance that might affect performance in an examination should be made clear, in writing, to the examinations officer. This should be done as near to the time of the assessment as possible. In the case of illness a doctor's note is required (Regulation 5.3.1d). These circumstances will be brought to the attention of the external examiner and, if necessary, raised at the Board of Examiners before it considers examination results. There should be no correspondence and no contact between the student and the external examiner. All material will be passed on by the examinations officer before the final examiner's meeting. All appeals will be treated in strictest confidence. 6. Academic misconduct: University guidelines You are responsible for ensuring that your work does not contravene the University’s rules on academic misconduct, which are set out in regulation 5.4. The University takes a very serious view of such misconduct and penalties will be applied to students who are found to have attempted to mislead examiners. Forms of academic misconduct include: cheating deliberate failure to comply with the rules governing examinations, e.g. by making arrangements to have unauthorised access to information; plagiarism incorporating within your work without appropriate acknowledgment material derived from the work (published or unpublished) of another. impersonation producing work to be submitted as that not of yourself but of another, or assuming the identity of another individual in order to deceive the examiners, or soliciting another individual to act or appear as yourself, or to produce work on your behalf; collusion assisting another individual to gain advantage by unfair means, or receiving such assistance yourself; fabrication misleading the examiners by presenting work for assessment in a way which intentionally or recklessly suggests that you have collected factual information which has not in fact been collected, or falsifies factual information; If you have any queries about what constitutes academic misconduct, and in particular about the proper attribution of material derived from another’s work, you should seek advice from your supervisors or tutors before submitting your work for assessment. The important University regulations on plagiarism and collusion are reproduced below. (i) Candidates must not by implication or otherwise represent the work of others as their own. All sources, whether published books and articles or unpublished material of any kind must be explicitly acknowledged, and quotations and close paraphrases clearly attributed. (ii) Candidates must not by implication or otherwise represent work done in collaboration with others as their own unaided work, nor may any member of the University, whether or not he or she is a candidate in the examination, knowingly allow his or her work to be used without acknowledgement by examination candidates. (iii) The examiners will take full account of any breach of the requirements in (i) and (ii) above in determining a mark for the work affected. In serious cases this may result in a mark of zero for the paper or papers concerned with consequent effects on the assessment of the candidates overall performance, even failure in the examination as a whole. The penalties for academic misconduct will depend on the seriousness of the offence. If, in the opinion of the examiners, the case is of particular gravity, they may recommend disciplinary action. The penalties available in such cases are: (a) Suspension or exclusion from the University. (b) A lowering of the class of degree to be awarded. (c) Withholding the award of a degree. (d) Withdrawal of any entitlement to repeat the examination concerned. (e) Asking the student to leave the university Online Academic Integrity Tutorial and Test All new students at the University of York are required to complete an online Academic Integrity Tutorial and pass an online test. This is a condition for progression. The tutorial and test can be accessed at http://vle.york.ac.uk/webapps/portal/frameset.jsp by logging in with your University username and password. The tutorial should take about 45 minutes to complete, but you can take as long as you wish. The test can be attempted as many times as you like. When completed successfully, you will be able to print off a certificate. Please hand the certificate to the secretaries in the General Office by Friday, 16 October 2009, so they can record that you have undertaken it and passed, and therefore can progress with the course of study. 7. The York Award As part of your career planning (see below), you might wish to consider enrolling for the York Award. The York Award is a certificate awarded by the University to people who complete a significant programme of personal development during their time as a student at York. The programme offers courses aimed at developing skills such as communication (including presentations and negotiating), numeracy, improving own learning, working with others, information literacy, financial literacy, time management, etc. More information is available at http://www.york.ac.uk/services/careers/skills.cfm or in a brochure available from the Student Skills Development Unit (in the Careers Service building). You can also request a brochure by e-mail: careers@york.ac.uk 8. Careers Service To maximize your chances of pursuing a career of interest to you may want to follow the path below. Find your way to the Careers Service and discover how it can help you choose and get the right job or further course. Complete the “Personal Development Record” for your supervisor and begin to add up what you have to offer the world beyond education - use the self assessment exercises available at the Careers Service and pick up a copy of “Planning Your Future”. Explore the extensive range of information on jobs and courses, at home and overseas, held at the Careers Service. Use every opportunity to confirm you know all you need to know about your chosen option; lots of Careers Service events, especially in the Autumn term, will give you direct access to potential employers. Collect a copy of the events programme from the Careers Service or from the Graduate Students Association. Always collect, or read on the Web, the Careers Service Vacancy Bulletin containing details of vacancies advertised for graduates, including those employers who conduct their initial interviews on campus; don’t miss options with early application times such as teacher training, Civil Service recruitment competitions, financial careers and overseas research scholarships – the recruitment season begins in September for the following Autumn. Attend training sessions on application form, CV and interview technique. Consult your referees about your plans and give them a copy of your CV or Personal Development Record completed for your supervisor. If you have questions or concerns about what to do next arrange to see a Careers Adviser, either “drop in” to see the duty adviser or make an appointment for a personal interview. The Careers Service is located between the Language Centre and the large car park on the Central Hall access road off the University Road. You are welcome to call, on 2685 (internal), or visit when we are open. Most of our facilities are available on a “self-service” basis with help from our Receptionist, Information Officer or duty Careers Adviser. For information on Opening Hours and Duty Careers Adviser availability, please visit the webpage http://www.york.ac.uk/services/careers 9. Facilities Computing facilities When you register as a student you will be automatically registered with the Computing Service and have an account on the central system. Access to this is available via the dedicated terminals in the Masters Computer Room G/120 and via terminals in each college building. Computing facilities for Masters students in G/120 will consist of a number of supported Windows PCs, Linux machines, and wired connections for laptops. TESA or Onity security cards will be given to you to access this room and some other restricted areas in the Department. A printer will be provided free of use in G/120, but this should be used with care. If it is used excessively, then free use will be withdrawn. Faults with computer equipment should be reported to Dr. Henning Bostelmann, hb540@york.ac.uk, Tel (43)3088. Unless faults are reported they cannot be fixed. The University of York has a Wireless system called “Network Access Service”, see http://www.york.ac.uk/services/cserv/pc/. Library When you register you will be automatically registered with the library and be able to borrow books. As a graduate student you may find that journals will become as important to you as books; these can only be borrowed at weekends. The articles you need can be photocopied (at your own expense) in the library. You may well find that you need to read papers in journals that our library does not subscribe to. Many journals (as well as books) can be accessed online from the Library web pages, or else obtained by requesting an Inter-Library Loan; in the case of a journal article, this will result in a photocopy or an electronic file being sent to you. Please always check online and hard copy availability before ordering through Interlibrary Loans. The library has a clearly signed Information Desk, where you can ask where to find the mathematical books collection as well as the mathematical journals. For more information of the University Library and Archives see http://www.york.ac.uk/services/library/ The national Document Supply Centre of the British Library (BLDSC), which houses a vast collection of books and journals, is located in Boston Spa, a short travelling distance from York. A weekly minibus service currently operates to the BLDSC from campus, further details available at http://www.york.ac.uk/library/libraries/britishlibrary/#blmb. Whilst BLDSC is accessible by public transport, the journey does involve several changes of bus (please check on www.transportdirect.info for the best way to get there – the postcode of the BLDSC is LS23 7BQ). Please consult http://www.bl.uk/ for details, as it may be necessary to pre-book any items prior to your visit to the Reading Room. Telephones Internal telephones can be used freely. Note that four-figure telephone numbers are internal university numbers. They can be converted into York telephone numbers by prefixing 43 (for numbers between 2000 and 4999) or 32 (for numbers outside this range). The York code is 01904. For example, for the Mathematics General Office please dial 3070 from any university telephone, 433070 when calling from York, 01904-433070 from anywhere in the UK, and +44-1904-433070 from overseas. 10. The Department of Mathematics The Conversion Year programme is administered from the Mathematics Department. The decisionmaking body in the Department is the Board of Studies, which consists of all teaching staff in the department, elected undergraduate students and elected graduate students. Students are not present for the discussion of reserved items of business, which are items concerning individual students or members of staff. Graduate studies are considered by the Mathematics Graduate School Committee, which reports to the Board of Studies. This committee is chaired by the Graduate Tutor, who is responsible for the welfare of graduate students. Head of Department: Professor Stephen Donkin Graduate Tutor: Professor Paul Busch Chair of the Board of Studies: Dr Jason Levesley Members of the Graduate School Committee: Professor Zdzislaw Brzezniak, Professor Paul Busch (Chair), Dr Gustav Delius, Dr Ian McIntosh, Professor Stephen Donkin, Dr Chris Wood Director of MSc in Mathematical Finance (campus-based): Dr Alet Roux Director of Mathematical Finance Programmes: Professor Tomasz Zastawniak Departmental Secretary: Secretaries: Ms Cathy Moore Mrs Sue Adams Mrs Chris Higgins (Monday, Tuesday, Wednesday am) Mr Nicholas Page (Postgraduate Secretary) Ms Stella Fisher/Mrs Michelle Hickman (Examination Secretary) Ms Christine Cockett (Monday – Friday am only) The full current list of staff in the Mathematics Department, with room numbers, telephone numbers and email addresses can be found at http://maths.york.ac.uk/www/Staff. 11. Supervisor You will have been informed of your Personal Supervisor on arrival. 12. Moodle Virtual Learning Environment The Department of Mathematics uses Moodle, a Virtual Learning Environment (VLE) to support its teaching. This can be accessed from any computer in the world connected to the Internet, and can be found at http://maths.york.ac.uk/moodle/. All Conversion Year students will be registered to use Moodle on arrival. To log in you will need your university username and password, issued in the Welcome Pack. If you change the university password, you will also need to use the new password to log into Moodle. Indeed, if you are reading this, then you probably have access to Moodle already, which is where this Handbook is published. 13. Student Support and Welfare Services The University's Student Support Network is designed to provide students with quick and easy access to a variety of sources of help and advice on all aspects of life as a student. Personal supervisors in academic departments are responsible for overseeing both academic progress and general welfare. In addition each college has a welfare team which includes the Provost and a College Dean, who has special responsibility for student welfare. Every full-time student is a member of a college and part-time students can request membership of a college. Students may approach their college welfare team for help and advice whether or not they are resident in the college at the time. Central support services available to all students include the Accommodation Office http://www.york.ac.uk/admin/accom/, the Open Door Team http://www.york.ac.uk/opendoor/, Disability Services http://www.york.ac.uk/admin/disability/, the Student Support Office http://www.york.ac.uk/admin/sso/, the Equal Opportunities Office http://www.york.ac.uk/admin/eo/, the International Office http://www.york.ac.uk/admin/intnat/, the Student financial Support Unit http://www.york.ac.uk/studentmoney/ and the Harassment Advisers (who offer support in cases of harassment) http://www.york.ac.uk/admin/eo/Harassment/halist.htm. In addition administrative offices such as the Graduate Schools Office http://www.york.ac.uk/admin/gso/ and the Timetabling Office http://www.york.ac.uk/campusservices/timetabling/ and Examinations Office http://www.york.ac.uk/admin/eto/welcome.htm, provide information and advice. Welfare support is also available through the student-run organisations, particularly the Students' Union http://www.yusu.org/ and the Graduate Students Association http://www.yorkgsa.org/. Information about the student support network and its co-ordination is widely disseminated, so that students seeking assistance in any quarter can, if necessary, be referred quickly to those with the specialist knowledge and skills to help them. The Student Support Services Handbook, issued to incoming students and available at http://www.york.ac.uk/admin/sso/handbook/, describes the main contributors to the Student Support Network, and includes information about the Campus Nursery, the Health Centre, and the Chaplaincy. Contacts for religions and faiths can be found from the Chaplaincy web-site http://www.york.ac.uk/univ/chap/ or the Student Support Office web-site. Further information about support services can be found on the Student Support Office web-site: http://www.york.ac.uk/admin/sso/ 14. Health & Safety In respect of Health, Safety and Welfare, Students: Shall at all times, whilst they are on University premises or taking part in University activities, follow the Health, Safety and Welfare Policy and comply with any health and safety instructions given to them by the University, its Departments, the Students' Union, Athletic Union, Graduate Students Association or Overseas Students' Association. Shall not, without the consent of the member of staff in charge of the area or activity, introduce any equipment for use on University premises, alter any fixed installations, alter or remove health and safety notices or equipment, or otherwise take any action which may create hazards for persons using the premises or employees of the University. Shall not, intentionally or recklessly, interfere with or misuse anything provided by the University in the interests of health, safety or welfare. 15. Contact Details At the beginning of your studies you are required to inform the Department of your term time address and telephone number. You will also need to notify any subsequent changes. For security reasons, please do not forget to return to the Mathematics General Office your TESA or Onity security access card before you leave.