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367_Fa 10 syllabus

367_Fa 10 syllabus - ACSC/MATH 367 Financial Mathematics...

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ACSC/MATH 367 Financial Mathematics Fall 2010 Instructor: Jie Yu E-mail: [email protected] Office: SCH 600R, AUD 418 Phone: (847) 330-4520 Lectures: 6:00pm – 8:30 pm Thursdays Location: AUD 310 Office Hours: Schaumburg (600R): 5:30-6:30pm Mondays Downtown (418): 4:00-5:30pm Wednesdays & Thursdays If you need help outside the regular office hours, you can email me with your questions or make an appointment at some other time. Textbook: Mathematics of Investment and Credit , by Samuel A. Broverman, Fourth Edition, ACTEX, ISBN: 978-1-56698-657-1. (This is one of the suggested textbooks for SOA Exam FM and CAS Exam 2) Course Introduction and Objectives : This course is aimed at developing students’ understanding of fundamental concepts of financial mathematics and students’ skills applying these concepts. We will cover topics in interest rates, accumulated value, present value, annuities certain, amortization schedules and sinking funds, bonds and related securities, rates of return, spot and forward rates of interest, cash flow duration and immunization, stocks, mutual funds, fixed income. At the end of this course you should be prepared for the Interest Theory portion of the Society of Actuaries ’ Exam FM and the Casualty Actuarial Society ’s Exam 2 (the Financial Economics portion of the exams is not covered in this course, but will be covered in ACSC/Math 380/480(FM) during Spring 2011 semester). By the end of the semester, you will also be expected to have an understanding of the concepts and procedures of financial mathematics and how to apply them in various situations, and you should be able to use technology to assist you in doing this.
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Prerequisites: Math 232 with a minimum grade of C- Course Website: Blackboard is our course website. To log into the course website you may log into ( http://blackboard.roosevelt.edu/ ). Click on MATH367.10.FA.10.M2: MATH367.ACSC367 and follow the link. You will use this constantly for lecture notes, assignments, solutions and announcements. The internet is available on all university computer lab PCs, it is also available wireless anywhere on Schaumburg campus and in many places in the Auditorium Building. For Blackboard support you can contact the RU Online staff or the Roosevelt University Help
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