BUS2016H
- Actuarial Science I: Financial Mathematics
Status
Second year status, one semester spread over the year, 2
lectures per week, 1 tutorial every second week.
Convener
Ms M. Visage
Prerequisites
Course Outline
The aim of the course is to provide a grounding in financial
mathematics and some simple applications. Topics covered are cash flow models
for financial transactions, compound interest and discounting, present values
and accumulations of streams of payments, nominal and effective rates, compound
interest functions, equations of value, loan schedules, project appraisal
techniques, basic types of assets, pricing methods, the term structure of
interest rates and stochastic interest rate models.
Duly Performed Requirements
An overall average of 40% for
class-work.
Assessment
Tutorials and Tests 40%
Examination (3hr) 60%
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