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Financial Mathematics - ACTL2001
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Faculty: Faculty of Commerce and Economics
 
 
School:  Actuarial Studies Unit
 
 
Contact: Sherris,Michael
 
 
Campus: Kensington Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.125 (more info)
 
 
Contact Hours per Week: 3
 
 
Enrolment Requirements:
 
 
Prerequisite: ECON1202 or MATH1131 or MATH1141 or MATH1151
 
 
Session Offered: See Class Timetable
 
 
Fee Band: 2 (more info)
 
 

Description

This course develops the financial mathematics required for the analysis of financial and insurance transactions. Topics covered include: mathematics of compound interest; discounted cash flow techniques; valuation of cash flows of simple insurance contracts; analysis and valuation of annuities, bonds, loans and other securities; yield curves and immunisation; introduction to stochastic interest rate models and actuarial applications.

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