Minor in Statistics {20-21} - Financial Mathematics

Course Code
MATH 321  Credits
Title Financial Mathematics 
Prerequisite MATH 229 or MATH 261 
Course Outline Course Outline 
Description The purpose of this course is to provide an understanding of the fundamental concept of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows. Reserving, valuation, pricing, asset/liability management, investment income, capital budgeting, and valuing contingent cash flows will be discussed. An introduction to financial instruments and the concept of no-arbitrage as it relates to financial mathematics will be given. This course covers topics of CAS/SOA Actuarial Exam 2/FM.