Financial Mathematics

Math 373 – Instructor WTHR 172 (Tu & Th at 1:30) and WTHR 320 (W at 2:30) Jeff Beckley http://www.math.purdue.edu/~jbeckley/ Math 818 317-698-8543 jbeckley@purdue.edu Office Hours Monday 6:00 to 7:30 pm Wednesday 3:30 to 6:30 By Appointment

Math 373 – Optional Textbooks Mathematical Interest Theory, Second Ed. First Edition is okay. Derivative Markets, Third Edition Supplemental Study Materials Coaching Actuaries (https://www.coachingactuaries.com) ADAPT software

Math 373 – Calculators Only Society of Actuaries Exam calculators may be used on tests and quizzes. See Syllabus Require a Texas Instruments BAII Plus See PDF files on Class Website May Use Multiple Calculators

Math 373 – Procedures Evaluation Regular Quizzes (20%) Homework (8%) Four tests (72%) Three tests worth 18%% each Final worth 18%

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 Homework will be on-line LON CAPA Beta Testers Flexible and Fair First Homework Assigned Thursday Cover use of LON CAPA on Thursday in Class Homework is essential Due at the Beginning of Class 2 lowest grades will be dropped

Math 373 – Procedures Tests and Quizzes 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! If you cheat on a Quiz, penalty is a zero on the 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 6-17 February & April 2017 Sign Up by October 31 February & April 2017 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

Exam FM/Exam 2 Exam Material Changes with June 2017 Derivative Markets Material Removed Interest Rate Swaps Added Determinants of Interest Rates Added Very Little Change in Difficulty