Financial Mathematics - ACTL2001


	Faculty: Australian School of Business
	School: Actuarial Studies Unit
	Course Outline: http://legacy.handbook.unsw.edu.au
	Campus: Kensington Campus
	Career: Undergraduate
	Units of Credit: 6
	EFTSL: 0.12500 (more info)
	Indicative Contact Hours per Week: 3
	Enrolment Requirements:
	Prerequisite: ECON1202 or MATH1131 or MATH1141 or MATH1151
	Fee Band: 3 (more info)
	Further Information: See Class Timetable

Description

This course develops the financial mathematics required for the analysis of financial and insurance transactions. Topics covered include: mathematics of compound interest; discounted cash flow techniques; valuation of cash flows of simple insurance contracts; analysis and valuation of annuities, bonds, loans and other securities; yield curves and immunisation; introduction to stochastic interest rate models and actuarial applications.