1 The University of Western Ontario – Department of Statistical and Actuarial Sciences ACTUARIAL SCIENCE 2053 Mathematics for Financial Analysis -- 2015-16 Instructor Sec Day/Time Location email Office/Phone Office Hours Steve Kopp 001 MWF – 11:30- 12:20 SEB 1209 [email protected]WSC 284/x86288 Mary Millard 002 Tu – 10:30-11:30 Th – 9:30-11:30 SEB 2200 [email protected]WSC 272/x88224 Mon/Thurs 1:30-3, WSC272Xing Jiang(Kings College) 570 Tu – 10:30-12:30 Th – 11:30-12:30 W 166 SA 150 Xing Jiang(Kings College) 571 Tu – 1:30-2:30 Th – 1:30-3:30 SA 151 LH 100 [email protected]LH 205 519-433-3491 x4530Prerequisites:Grade 12U calculus (or equivalent), PLUS one full university level course (or 2 half courses) from Mathematics, Applied Mathematics, Calculus, or Linear Algebra Anti-requisites:Actuarial Science 2553A Students are advised that they are responsible to ensure that they possess the necessary prerequisites (or have written special permission) and that de-registration may occur at any timeif they lack the prerequisite or have taken an anti-requisite course. Textbooks•“Mathematics of Finance”, NEW 8th Edition, by Brown-Kopp ($132.55), Chapters 1 to 7 •Study note package (price to be determined), Chapters 8 to 12 Course Outline(course is divided into 2 terms): Text Chapter Topic 1 Simple Interest 2 Compound Interest (skip section 2.9) 3 Simple Annuities 4 General Annuities 5 Repaying A Debt 1. Textbook 6 Bonds (skip Serial Bonds of section 6.7) 7 Business Decisions, Capital Budgeting, Depreciation 8 Fixed Income Investments 9 Probability and Life Tables 10 Life Annuities 11 Life Insurance 2. Textbook 3. Study Note Package 12 Life Insurance Expenses Term Tests1.Test 1: Wednesday,November 4, 2015, 6 to 8 pm– topics to be posted on OWL 2.Test 2: Friday,February 26, 2016, 6 to 8 pm– topics to be posted on OWL The format will most likely be multiple-choice questions. A formula page will be provided for both tests. NOTE: There is NO makeup test to either Test 1 or Test 2. If you miss either test (with a valid reason), the 18% weight will be moved to the mid term exam (if you miss Test 1) or the final exam (if you miss Test 2). You should think twice (or 3 times) before deciding to miss a test.
2 Mid Term ExamTo be scheduled during the Christmas Exam periodChapters 1, 2, 3, 4, 5, and part of chapter 6 •The midterm exam will cover all material from the first term, including material that was tested on Test 1. It will be a 3-hour exam that may either be multiple choice questions OR a combination of multiple choice and short written answer questions. A formula page will be provided. Final ExamScheduled for the final exam period. Rest of Chapter 6, all of chapters 7, 8, 9, 10, 11, 12 •The final exam will be a 3-hour exam that may either be multiple choice questions OR a combination of multiple choice and short written answer questions. A formula page will be provided. It will be based on material covered in class only since the midterm exam but will include material from the 2ndterm test.