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Module Specifications

Archived Version 2003 - 2004

Module Title Financial Mathematics
Module Code MS318
School School of Mathematical Sciences

Online Module Resources

Module Co-ordinatorProf John CarrollOffice NumberX139
Level 3 Credit Rating 7.5
Pre-requisite None
Co-requisite None
Module Aims
- To provide a grounding in financial mathematics and their simple applications. - To enable the student to become fully conversant with actuarial philosophy and actuarial scientific methods.

Learning Outcomes
- Proficiency in presenting a complex, verbally described, financial scenario in mathematical symbolism. - Competence in undertaking the mathematical analysis of the resultant mathematical expressions. - Ability to appraise the derived solutions and figures for reasonableness and validity.

Indicative Time Allowances
Lectures 36
Tutorials 12
Laboratories 0
Seminars 0
Independent Learning Time 64.5

Total 112.5
Assume that a 7.5 credit module load represents approximately 112.5 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module.

Indicative Syllabus
Continuous Assessment25% Examination Weight75%
Indicative Reading List
- An Introduction to the Mathematics of Finance, JJ McCutcheon and W E Scott, Published by the Institute of Actuaries & the Faculty of Actuaries, Butterworth-Heinemann 1999. ISBN 0 7506 0092. - ActEd Study Materials: 2003 Examinations - Subject 102, The Actuarial Education Company, ) IFE: 2003 Examinations.
Programme or List of Programmes
FMBSc in Financial & Actuarial Mathematics
MSBSc in Mathematical Sciences