Financial Mathematics

Math 373

Math 373 – Instructor

• WTHR 320 (Tu & Th at 9:00) and WTHR 172 (Wed at 2:30)

• Jeff Beckley– http://www.math.purdue.edu/~jbeckley/– Math 818– 317-698-8543– jbeckley@purdue.edu– Office Hours

• Mondy 5:00 to 6:30• Wednesday 3:30 to 5:00

• By Appointment

Math 373 – Optional Textbooks

• Mathematical Interest Theory, Second Ed.– First Edition is okay.

• Derivative Markets, Third Edition

• Supplemental Study Materials– ASM– Actex– Coaching Actuaries

Math 373 – 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 Class Website

Math 373 – Procedures

• Evaluation– Quizzes (20%)

• 6 quizzes

– Homework (4%)– Four tests (76%)

• Three tests worth 19%% each• Final worth 19%

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 the Beginning of Class– Will not accept late– 2 lowest grades will be dropped

Math 373 – Procedures

• Quizzes and Homework– 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

Math 373 – Academic Dishonesty (Cheating)

• Cheating will not be tolerated!• Copying someone else’s HW is Cheating!• Giving someone your HW is Cheating!• Copying past published solutions is Cheating!• If you cheat on HW or Quiz, penalty is a zero on

the homework or 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.

Math 373 – Dual Purpose

• Learn Interest Theory

• Exam Prep Course– SoA Exam FM– CAS Exam 2

• Course Outline

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.”

Exam FM/Exam 2

• December 8-19– Sign Up by October 29

• February

• Goal: 250 hours of Preparation – Keep a log

• Work as many problems as you can

• Plan for 250 hours

250 Hours

• Attend Class and Do HW 125 hours

• Supplemental Material 75 hours

• Problems Provided by Me 50 hours

To report an emergency, call 911. To obtain updates regarding an ongoing emergency, sign up for Purdue Alert text messages, view www.purdue.edu/ea.

There are nearly 300 Emergency Telephones outdoors across campus and in parking garages that connect directly to the PUPD. If you feel threatened or need help, push the button and you will be connected immediately.

If we hear a fire alarm during class we will immediately suspend class, evacuate the building, and proceed outdoors. Do not use the elevator.

If we are notified during class of a Shelter in Place requirement for a tornado warning, we will suspend class and shelter in the basement.

If we are notified during class of a Shelter in Place requirement for a hazardous materials release, or a civil disturbance, including a shooting or other use of weapons, we will suspend class and shelter in the classroom, shutting the door and turning off the lights.

Please review the Emergency Preparedness website for additional information. http://www.purdue.edu/ehps/emergency_preparedness/index.html

EMERGENCY PREPAREDNESS – A MESSAGE FROM PURDUE