4.0

credits

Average Course Rating

This course is designed to develop students' understanding of fundamental concepts of financial mathematics. The course will cover mathematical theory and applications including the time value of money, annuities and cash flows, bond pricing, loans, amortization, stock and portfolio pricing, immunization of portfolios, swaps and determinants of interest rates, asset matching and convexity. A basic knowledge of calculus and an introductory knowledge of probability is assumed.