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Financial Mathematics

Financial Mathematics. Math 373. Math 373 – Instructor. Beering 2290 (Tu & Th at 1:30) Jeff Beckley http://www.math.purdue.edu/~jbeckley/ Math 818 317-698-8543 jbeckley@purdue.edu Office Hours Monday and Wednesday 6:30 pm to 8:30 pm Tuesday Noon to 1:20 pm Thursday 9:00 am to 10:30 am

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Financial Mathematics

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  1. Financial Mathematics Math 373

  2. Math 373 – Instructor • Beering 2290 (Tu & Th at 1:30) • Jeff Beckley • http://www.math.purdue.edu/~jbeckley/ • Math 818 • 317-698-8543 • jbeckley@purdue.edu • Office Hours • Monday and Wednesday 6:30 pm to 8:30 pm • Tuesday Noon to 1:20 pm • Thursday 9:00 am to 10:30 am • By Appointment

  3. Math 373 – Optional Textbooks • Mathematical Interest Theory, Second Ed. • First Edition is okay. • Supplemental Study Materials • Coaching Actuaries • (https://www.coachingactuaries.com) • ADAPT software

  4. Math 373 – Calculators • Only Society of Actuaries Exam calculators may be used on tests and quizzes. • See Syllabus • Require a Texas Instruments BAII Plus • See PDF files on Class Website • May Use Multiple Calculators

  5. Math 373 – Procedures • Evaluation • Regular Quizzes (20%) • 6 quizzes • Homework (5%) • Three tests (75%) • Two tests worth 25% each • Final worth 25%

  6. Math 373 – Procedures • Quizzes and Tests are closed book • Only permitted calculators are allowed • Quizzes cannot be made up • Lowest Quiz dropped • Tests can only be made up under extreme circumstances • Homework is essential • Due at 1:30 pm • 2 lowest grades will be dropped

  7. Math 373 – Procedures • Homework will be on-line • LON CAPA • First Homework Assigned Thursday • Cover use of LON CAPA on Thursday in Class

  8. Math 373 – Procedures • Tests and Quizzes • Must show all your work to get full credit. • Answer without work will get less than 50% credit • Grades will be on a plus/minus scale • See scale in syllabus

  9. Math 373 – Academic Dishonesty (Cheating) • Cheating will not be tolerated! • If you cheat on a Quiz, penalty is a zero on the Quiz and 5% of the total score for the class. • If you cheat on a Test, you will receive a failing grade in this class.

  10. Math 373 – Dual Purpose • Learn Interest Theory • Exam Prep Course • SoA Exam FM • CAS Exam 2 • Course Outline

  11. Students Not Taking Exam Ever • Do the HW. • Master these problems and you will do well in class. • Excellent Class for the quantitative business student or finance major • One senior business student stated: • “It has been the most valuable class I have had here at Purdue.”

  12. Exam FM/Exam 2 • December 10-21 • Sign Up by November 5 • February • Date not Announced Yet • Goal: 250 hours of Preparation • Keep a log • Work as many problems as you can • Plan for 250 hours

  13. 250 Hours • Attend Class and Do HW 125 hours • Supplemental Material 75 hours • Problems Provided by Me 50 hours

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