MA 27302 - Financial Math Practicum

This course teaches techniques for solving problems in financial mathematics, utilizing an understanding of interest rates, annuities, and financial instruments. The course helps actuarial students prepare for the Society of Actuaries and Casualty Actuarial Society Exam FM/2.

Preparation for Course
P: MA 27300 or consent of instructor.

Cr. 1.
Notes
Course may be repeated for credit. Pass/No Pass grade will be assigned.
Student Learning Outcomes
1. Understand and be able to perform calculations relating to present value, current value, and accumulated value.
2. Be able to calculate present value, current value, and accumulated value for sequences of non-contingent payments.
3. Understand key concepts concerning loans and how to perform related calculations.
4. Understand key concepts concerning bonds, and how to perform related calculations.
5. Understand key concepts concerning yield curves, rates of return, and measures of duration and convexity, and how to perform related calculations.
6. Understand key concepts concerning cash flow matching and immunization, and how to perform related calculations.
7. Understand key concepts concerning interest rate swaps, and how to perform related calculations.
8. Understand key concepts concerning the determinants of interest rates, the components of interest, and how to perform related calculations.