Modern financial markets, interest rate risk and its effect on government bonds, corporate bonds, other fixed income investments and equities. Financial market data analysis, calibration and validation. Some additional topics from among mortgage-backed securities, corporate credit risk, inflation-indexed bonds and swaptions.

Prerequisites: PSTAT 126 and PSTAT 171 both with a minimum grade of C or better, or instructor approval.

4

Units

Optional

Grading

1, 2

Passtime

None

Level Limit

Letters and science

College
These majors only stsds finms stsap stats actsc
PEDERSEN H W
Hal Pedersen
2.1
19 reviews
ARTS 1356
T
14:00 PM - 14:50 PM
0 / 30

ARTS 1349
T
13:00 PM - 13:50 PM
0 / 30

Spring 2025 . Pedersen H W
ELLSN2626
T R
14:00 PM - 15:15 PM
PSTAT 177 Pedersen H W Spring 2025 Total: 31
See All
19
2.1
PSTAT171 . Pedersen H W A Month Ago

lectures were kinda pointless to attend, and not much useful resources were available other than the textbook and TAs. if you want to know what is actually going on in the class, chatgpt will be your best friend. the whole grade is only 4 quizzes and the final, so it's 100% on you to practice on your own. he doesn't do enough as a professor, avoid

0 helpful 0 unhelpful
PSTAT171 . Pedersen H W 1 Year, 1 Month Ago

Like most ucsb math profs the problem is that he's obviously an expert in his field, but he has zero knowledge in actually educating. I didn't even need this class for credit I just wanted to learn smt but it wasn't worth it at all. Don't take if u have an heavy course-load, if you're capable of self learning everything then go ahead.

0 helpful 0 unhelpful
PSTAT171 . Pedersen H W 1 Year, 1 Month Ago

Only a few quizzes and tests mattered in this class. Be ready to read the textbook and do the optional problems to prepare. Otherwise, a very straightforward professor with clear criteria.

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PSTAT171 . Pedersen H W 1 Year, 1 Month Ago

Pedersen is a highly intelligent professor. The notation is quite confusing especially if you are unfamiliar with actuarial notation. The tests are extremely hard, but luckily he allows open everything so you can use outside resources to help you do well. I would recommend taking this class with Pedersen if you are interested in the subject matter

0 helpful 0 unhelpful
PSTAT171 . Pedersen H W 1 Year, 1 Month Ago

He grades everything at the last minute. We have no homework, and his lectures are useless. He doesn't give us proper examples or apply what we learn; he just "teaches" us the concept and expects us to understand it. I am not even sure how problems are very difficult; he better curve. Not ready for the final.

0 helpful 0 unhelpful
PSTAT170 . Pedersen H W 1 Year, 6 Months Ago

Dr.Pedersen is an amazing professor whose lectures focus having all students understand ideas from basic ideas. His explanations on the topic matter is always broadly informed and above all, he cares about the questions of the students. Dr.Pedersen is always readily available, even as he had a rough quarter in other matters he shared about.

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