MATH 376 - Financial Mathematics

Credit(s): 3
Lecture: 2
Non-Lecture: 2
The goal of this course is to provide the student interested in Actuarial Science, an understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/ liability management, investment income, capital budgeting, and valuing contingent cash flows. The students will also be given an introduction to financial instruments, including derivatives, and the concept of no-arbitrage as it relates to financial mathematics. Not offered on a regular basis.

Prerequisite(s): MATH 223, MATH 360, and permission of instructor.