mitcho said:
I am starting a maths major and I will going to go into pure maths. I am going to specialize in either analysis or discrete maths. I understand that mathematical analysis has a very strong connection to calculus and that discrete mathematics is used mainly in the cryptography and security industry. What other areas are either of these two studies used in? Also, what area of mathematics would be used to predict trends in things like the stockmarket for example?
Any help would be appreciated.
Thanks.
I'm curious; how does you know what you're going to specialize in if you don't even know what the fields are?
Analysis does have connections to Calculus. In the course of your bachelor's degree you'll probably take a course (or two) called Advanced Calculus. This is typically Calculus presented in a rigorous manner and usually functions as a bridge course to Real Analysis and the Theory of Functions of a Complex Variable (AKA: Complex Analysis).
That being said, Analysis is the mathematical study of theories of integration, differentiation, measure, functions etc. Informally, it's the mathematics of change. Analysis tends to break complex things into smaller parts and analyze those constituent parts.
Discrete Mathematics is a large field of mathematics that studies discrete models. What this means is that Discrete Math seeks to study noncontinuous objects. I wish I had a better way to describe it, because if you're not yet in some advanced courses, you probably don't know what I'm talking about. We can define Discrete Math, rather loosely, as the study of countable sets.
Discrete Mathematics has deep connections to Computer Science, and most (if not all) CS majors take the course. Discrete Math has some very interesting subfields. A few off the top of my head are Number Theory, Set Theory & Logic, Probability, Combinatorics...
There are many members here at the PF that can answer your last question much better than I can, but I'll give you what I can. To answer questions in finance, I believe Stochastic Calculus is very important. Anything that studies nonlinear functions would most likely have a use.
Both a very broad fields and very interesting subjects in their own right. You should get some coursework under your belt before you start thinking about specializing in any field. Good luck.