ANU - STUDYAT - Financial Mathematics

Offered By:	School of Finance and Applied Statistics
Academic Career:	Graduate Coursework
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:	Assignment 1: 5% Mid-Semester examination: 20% Assignment 2: 10% Final examination: 65% Students enrolled in STAT 6046 will be assigned an extra question in the mid-semester and the final exam compared to the UG equivalent exams.
Workload:	10 hours per week.
Course Classification(s):	TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest:	Actuarial Studies, Finance, and Statistics
Eligibility:	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics.
Incompatibility:	Incompatible with STAT8046 Financial Mathematics
Prescribed Texts:	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT6046.pdf
Preliminary Reading:	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT6046.pdf
Indicative Reading List:	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT6046.pdf
Programs:	Graduate Certificate in Business Statistics, Master of Actuarial Statistics, Master of Actuarial Studies, Master of Business, and Master of Commerce
Other Information:	For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=STAT6046
Academic Contact:	See http://ecocomm.anu.edu.au/courses/course.asp?code=STAT6046

Financial Mathematics STAT6046 - Details