M X39D M 339D Introduction to Financial Mathematics for Actuaries 3 Hours
3 Lecture Hours 0 Lab Hours
Covers the financial derivative subjects on the Society of Actuary FM/2 exam: general derivatives, options, hedging, investment strategies, forwards, futures, and swaps. Covers option pricing techniques in the MFE/3F exam: binomial option pricing, Monte Carlo Valuation using risk neutral probabilities, and Black-Scholes. Three lecture hours a week for one semester.
Pre/Corequisites: Mathematics 329F and Mathematics 362K with a grade of at least C-.
Grading: Student Option
Repeatable for credit: No
Academic Level: Upper Division