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Financial Mathematics I

Course Name: 
Financial Mathematics I
Course Code: 
MATH 2701
Course Credits: 
3
Level: 
II
Prerequisites: 
(MATH1141, MATH1142, MATH1151 & MATH1152) or (M10A & M10B).
Course Description: 

This is a compulsory level II course which is an important foundation course in actuarial science and finance. Candidates should master the fundamental concepts of financial mathematics and its simple applications. This course allows the candidate to begin preparation for the professional Financial Mathematics examinations (the Society of Actuaries course FM and the faculty/Institute of Actuaries CT1 exam) as well as the Quantitative Methods section of the CFA level I exam.

Content: 
Basic interest theory; Time value of money; General cash flow & portfolios; Annuities with non-contingent payments; Basic applications
Assessment: 
The course assessment will be divided into two components: a coursework component consisting of two written assignments worth 5% each and a mid semester exam worth 15%; and a final exam worth 75%.
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coursedegree: 
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