300-203 Financial Mathematics I

Subject information

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300-203 Financial Mathematics I
Credit Points	12.5
Coordinator	TBA
Prerequisites	A mark of 60 or better in either 620-120 UMEP Mathematics for High Achieving Students or 620-121 Mathematics A (Advanced) or a mark of 75 or better in 620-141 Mathematics A.
Semester	1 (view timetable)
Contact	Two 1-hour lectures and a 1-hour tutorial per week
Subject Description	Topics include compound interest functions; valuation of a series of payments, including where the cash flows and/or the force of interest are continuous functions of time; equations of value; loans repayable by instalments; characteristics of major asset types; and discount valuation of fixed interest securities, ordinary shares and property, including effects of tax.
Generic Skills	High level of development: written communication; problem solving; application of theory to practice; synthesis of data and other information; use of computer software.
Assessment	A 2-hour end-of-semester examination (70%), two assignments totalling not more than 2000 words (20%), and a 45 minute mid-semester examination (10%). Satisfactory completion of this subject requires a 50% pass in the end of semester examination

Search : Index : Faculty of Economics and Commerce : Actuarial Studies
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Status:                   Official 2007
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