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Spring 2023
Apr 20, 2024
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MA 37300 - Financial Mathematics
Credit Hours: 3.00. A mathematical treatment of some fundamental concepts of financial mathematics and their application to real world business situations and basic risk management. Includes discussions of valuing investments, capital budgeting, valuing contingent cash flows, yield curves, spot rates, forward rates, short sales, Macaulay duration, modified duration, convexity, and immunization. Provides preparation for the SOA/CAS Actuarial Exam FM/2.
3.000 Credit hours

Syllabus Available
Levels: Undergraduate, Graduate, Professional
Schedule Types: Distance Learning, Lecture

Offered By: College of Science
Department: Mathematics

Course Attributes:
Upper Division

May be offered at any of the following campuses:     
      West Lafayette

Learning Outcomes: 1. Define and recognize concepts related to the time value of money, and will be able to do calculations involving these concepts. 2. Define and recognize concepts related to annuities and cash flows, and will be able to do calculations involving these concepts. 3. Define and recognize concepts related to loans, and will be able to do calculations involving these concepts. 4. Define and recognize concepts related to bonds, and will be able to do calculations involving these concepts. 5. Define and recognize concepts related to general cash flows and portfolios, and will be able to do calculations involving these concepts. 6. Dfine and recognize concepts related to immunization, and will be able to do calculations involving these concepts. 7. Define and recognize concepts related to interest rate swaps, and will be able to do calculations involving these concepts.


Prerequisites:
Undergraduate level MA 16100 Minimum Grade of C- or Undergraduate level MA 16300 Minimum Grade of C- or Undergraduate level MA 16500 Minimum Grade of C- or Undergraduate level MA 16700 Minimum Grade of C-

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