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Unformatted text preview: SYLLABUS—FALL 2010 ACTSC 231(001 &002) — MATHEMATICS OF FINANCE Instructor: Dr. Chengguo Weng, MC6013, ext.31132, [email protected] Classes: 01:30pm02:20pm MWF, RCH 101 (Section001) 03:30pm04:20pm MWF, MC4061 (Section002) Tutorials: 02:30pm03:20pm T, MC 2065 and MC2066 (both sections) Office hours: 2:40pm3:30pm MWF, or by appointment (Instructor) TBA (Teaching Assistants) Prerequisites: MATH137/147 Corequisite: STAT230 Required Textbook: Mathematical Interest Theory (second edition), Daniel and Vaaler, 2009. This text is recommended for exam FM by the SOA. Calculator: Some questions on the assignments, quizzes and final exam are designed so that you need a financial calculator (we recommend BAII Plus from Texas Instruments) to answer correctly. BAII Plus calculator is eligible for SOA exams. We might illustrate some examples with BAII Plus calculator in class. It is your responsibility to make sure you have access to a financial calculator. If you use a calculator other than BAII Plus, it is your possibility to figure out how to use it for calculation we involve throughout the course. Material to be covered (see the attached table for the weekly tentative schedule): Chapter 1 The growth of money Chapter 2 Equations of value and yield rates Chapter 3: Sections 3.13.10, 3.12 Annuities Chapter 4: Sections 4.14.3, 4.6 More Annuities Chapter 5: Sections 5.15.4 Loan repayment Chapter 6: Sections 6.16.6, 6.9 Bonds Chapter 8: Section 8.3 Term Structure of Interest Rates Chapter 9 Interest Rate Sensitivity Homework: There will be three assignments due in the Friday’s classes of Weeks 3, 6 and 10 respectively. Homework must be well written. Late work without a legitimate excuse will not be accepted. This policy will be enforced strictly. Quizzes: There will be three quizzes, scheduled during the Tuesday’s tutorial session (from 2:30pm to 3:20pm) on October 5, October 26 and November 22. The exam rooms will be announced when the exam is approaching. Quizzes are noncumulative. Tutorials: There will be eight tutorials; see attached table for the schedule. Tutorials will be conducted by Teaching Assistants. Before each tutorial, you will be given a set of problems to work out of class. During tutorial session, a Teaching Assistant will present solutions to those distributed problems....
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This note was uploaded on 01/21/2011 for the course ACTSC 231 taught by Professor Chisholm during the Fall '09 term at Waterloo.
 Fall '09
 Chisholm

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