Post on 06-Jan-2016
description
Financial Mathematics
Math 490A
Math 490A – Instructor
• WTHR 320 • Jeff Beckley
– http://www.math.purdue.edu/~jbeckley/– Math 818
– 49-40493
– 317-698-8543
– jeffbeckley@indy.rr.com
– Office Hours• Tuesday and Thursday
– Noon to 1:30
• By Appointment
Math 490A – Textbooks
• Mathematical Interest Theory
• Derivative Markets, Second Edition
• Actex Study Manual– Need to order from Mad River Books
Math 490A – Calculators
• Only Society of Actuaries Exam calculators may be used on tests and quizzes.
• See Syllabus
• Recommend Texas Instruments BAII Plus
• See PDF files on SoA Website
Math 490A – Procedures
• First fifteen minutes of each class with be spent on homework
• Evaluation– Quizzes (20%)
• 8 unannounced quizzes
– Homework (10%)– Three tests (70%)
• Two tests worth 20% each• Final worth 30%
Math 490A – 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– Will not accept late– 2 lowest grades will be dropped
Math 490A – Procedures
• Note Test on Thursday before Spring Break
• Quizzes and Homework– Must show all your work to get full credit.– Answer without work will get less than 50%
credit
Math 490A – Dual Purpose
• Learn Interest Theory
• Exam Prep Course– SoA Exam FM– CAS Exam 2
• Course Outline
• Students Not Taking Exam in Spring
Exam FM/Exam 2
• Goal: 250 hours of Preparation – Keep a log– Turn it in to me weekly– If you lie to me, you are only fooling yourself
• Work as many problems as you can
• Plan for 250 hours
250 Hours
• Week ending 1-13 4 hours
• Next eight weeks 10.5 hours– Weeks ending 1-20 to 3-10
• Week ending 3-18 0 hours
• Next five weeks 14 hours– Weeks ending 3-24 to 4-21
250 Hours (Cont.)
• Week ending 4-28 7 hours
• Week ending 5-5 10 hours
• Weeks ending 5-12 and 5-19 28 hours
• May 20-24 20 hours
• May 25th PASSING SCORE
• Total hours 250!!!!
250 Hours
• Attend Class and Do HW 125 hours
• Actex Manual 75 hours
• Problems Provided by Me 50 hours