I'm a second year student, interested in financial mathematics, who's trying to plan out his degree path currently. There's a stochastic processes unit offered in year 3 and a stochastic calculus unit offered in year 4 (as an honours post-grad unit).
I was wondering if it is necessary for me to study stochastic calculus after I study stochastic processes. I was also wondering if someone could explain to me their differences and how often I will be using these skills in financial maths.
Thank you