Hi, I've have my math IA proposal coming up and I don't know have any idea what I'm going to do for my math exploration. I want to do it in either finance or economics but I have no idea where to start. Could someone please give me a section in finance or economics that uses math covered in standard level math. Thanks.
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Help with finiding Math IA topic!! watch
- Thread Starter
- 07-09-2015 18:23
- 09-09-2015 11:16
Two original (I think) ideas for you.
1.) An idea from Finance. It is clear that a great number of people do not understand where charges are applied in investments. Pension being a particular issue. For example, a 2% charge over a thirty year investment means that the company ends up with ore money than you do. The charges and costs of investments would be a good study.
2.) An idea from economics. Illegal transactions often come across the problem of laundering money. i.e taking all that cash you have collected from customers and spending it on anything substantial without getting unwelcome attention from the law. This cash could be from (for example) casual work by tradesman who are working in the black economy, drug dealing or prostitution.
It costs a lot to launder money and hence there is a lot of cash around.
It has been argued that in the 2008 crash, the large quantity of illegal cash in the economy was helpful in preventing banks running out of cash themselves. (an argument put forward by Dubner & Levitt). You could gather data from Open data sources and try and estimate the amount of illegal cash flowing from various sources in the economy of (say) London in 2008.