Mathematics of Finance - ACST881
This unit begins by providing a rigorous mathematical development of compound interest theory, using calculus where appropriate. Topics include the force of interest and its relationship to interest rates, inflation and capital gains tax, discrete and continuous term certain annuities, project appraisal, loans, bonds, yield curves, matching and immunisation, data and the basics of modelling and the definitions of various insurance and annuity contracts. Students are assumed to be able to use the basic functionality of a spreadsheet package of their choice.
| Credit Points: | 4 |
| When Offered: | S1 Day - Session 1, North Ryde, Day S2 Day - Session 2, North Ryde, Day |
| Staff Contact(s): | Dr Chong It Tan |
| Prerequisites: |
Admission to MActPrac |
| Corequisites: | |
| NCCW(s): | ACST851 |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Actuarial Studies and Business Analytics Faculty of Business and Economics |
Course structures, including unit offerings, are subject to change.
Need help? Ask us.