Financial Mathematics Math 373 Math 373 Instructor PHYS

Financial Mathematics Math 373

Math 373 – Instructor • PHYS 203 (Tu & Th at 1: 30) and WTHR 320 (W at 9: 30) • Jeff Beckley – http: //www. math. purdue. edu/~jbeckley/ – – Math 818 317 -698 -8543 jeffbeckley@indy. rr. com Office Hours • Monday from 3: 00 to 5: 00 • Wednesday from 2: 00 to 4: 00 • By Appointment

Math 373 – Textbooks • Mathematical Interest Theory, Second Ed. – First Edition is okay. • Derivative Markets, Second or 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 (24%) • 7 quizzes – Homework (4%) – 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 • 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! 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 – So. A 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 last year stated: – “It has been the most valuable class I have had here at Purdue. ”

Exam FM/Exam 2 • December 9 -20 – Sign Up by April 27 • August 8 -19 – Sign Up by October 28 • 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 • Supplemental Material • Problems Provided by Me 125 hours 75 hours 50 hours