The study of Applied mathematics – a fascinating, challenging and inspirational field – will see you using mathematical techniques and models to obtain practical solutions to concrete problems.
Financial and insurance mathematics at Monash teaches the mathematical and statistical techniques for understanding and assessing risk in insurance and financial markets.
Mathematics is the universal language used to describe, model, understand and even create aspects of the world around us.
At its core, Mathematical statistics deals with models involving a random, unpredictable component. Real-world applications are many and varied, and allow informed decisions to be made in the face of uncertainty.
Pure mathematics deals with the abstract, the rigour and the beauty of perfection. Although the discipline is motivated by reasons other than applications, it often becomes the basis for applied mathematics to solve the most profound and concrete problems.
If you're interested in using computers to construct and apply mathematical models, simulation, numerical methods and data-analysis techniques to solve scientific problems, then this is the major for you.
