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MA270A: Financial Mathematics I (Winter 2018)

Calendar Description

An introduction to mathematical methods from linear algebra, calculus, and probability theory used in the financial analysis of problems in areas such as bond pricing, capital budgeting, making decisions under certainty/uncertainty, utility theory, portfolio optimization, binomial and log-normal asset pricing models, introductory no-arbitrage pricing of forwards and options, risk analysis.

Prerequisites

MA103 (or MA110*), MA122, MA170, ST259 or MA240 or a similar course in probability and statistics (e.g., EC205, EC255, EC285).

Instructor

Professor Roman Makarov (PhD)
Office: LH3054C (Lazaridis Hall)
Office Hours: Monday and Tuesday 2 p.m. - 3:30 p.m., or by appointment.
Email: rmakarov@wlu.ca

Lectures

Monday and Wednesday 4 p.m. - 5:20 p.m. in LH1009 (Lazaridis Hall)

Lab Coordinator

Trevor Saunderson
Office: LH3048 (Lazaridis Hall)
Email: tsaunderson@wlu.ca

Textbook

Financial Mathematics: A Comprehensive Treatment by G. Campolieti and R.N. Makarov, CRC, 2014.

Calculators

You will require a cordless non-programmable, non-graphing scientific calculator for the labs, the test(s), and the final examination.

MyLearningSpace

Materials related to this course and the full course outline will be posted on the MA270 MyLearningSpace website. You are responsible for checking here on a regular basis for important announcements.

Evaluation

A final mark out of 100 will be calculated as follows:

  • WeBWorK Assignments (one every other week): 6%
  • Labs (one every other week): 24%
  • Midterm Test (Wednesday, Feb. 28, 4 p.m. - 5:20 p.m., in class): 30%
  • Final Exam (exact date, time and location to be announced): 40%

Students must achieve a score of at least 40% of the marks available on the final examination to be eligible to pass the course. The final mark will be reported as a letter grade in accordance with the conversion table of the current undergraduate calendar.

This document is a summary of the course outline for MA270 and is provided for the convenience of students.