ANU - STUDYAT - Financial Mathematics

Offered By:

School of Finance and Applied Statistics

Academic Career:

Undergraduate

Course Subject:

Statistics

Offered in:

First Semester, 2010

Unit Value:

6 units

Course Description:

Compound interest functions; valuation of annuities certain; loans repayable by instalments; comparison of value and yield of cash flow transactions; valuation of fixed interest securities, with and without tax on interest and capital gains; duration and volatility of securities; introduction to concept of immunisation and matching; consumer credit contracts; introduction to stochastic interest rate models.

Learning Outcomes:

On completion of this course students should have an understanding of and be able to apply the techniques outlined in the course description.

Indicative Assessment:

Mid-Semester examination: 30%
Final examination: 70%

Workload:

Three contact hours per week plus at least 7 hours private study time.

Areas of Interest:

Actuarial Studies, Finance, and Statistics

Requisite Statement:

Completion of or concurrent enrolment in STAT2001 Introductory Mathematical Statistics, or completion of STAT1008 Quantitative Research Methods or STAT1003 Statistical Techniques

Prescribed Texts:

See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT2032.pdf

Preliminary Reading:

See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT2032.pdf

Indicative Reading List:

See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT2032.pdf

Other Information:

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=STAT2032

Science Group:

B

Academic Contact:

See http://ecocomm.anu.edu.au/courses/course.asp?code=STAT2032 and Ewan.Evans@anu.edu.au

Financial Mathematics STAT2032 - Details