MATH-290 Financial Mathematics I
This course is mainly designed for students who are interested in financial mathematics and/or actuarial sciences, especially if they plan to take the second actuarial exam, and/or if they plan to study more in financial mathematics. The materials covered include time value of money, annuities, loans, bonds, cash flows and interest rate sensitivity. If time permits, materials from derivatives markets will be introduced such as general derivatives, options, hedging and investment strategies, forwards and futures, and swaps. Offered in each spring.