Financial Mathematics
Math 373
Math 373 – Instructor
• Armstrong 1010 (Tu & Th at 1:30) and
Matthews 210 (Th at 9:30)
• Jeff Beckley
– http://www.math.purdue.edu/~jbeckley/
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Math 818
317-698-8543
jbeckley@purdue.edu
Office Hours
• Tuesday 9:30 to 10:20 and 3:00 to 5:00
• Thursday 3:00 to 5:00
• By Appointment
Math 373 – Optional Textbooks
• Mathematical Interest Theory, Second Ed.
– First Edition is okay.
• Derivative Markets, Third Edition
• Supplemental Study Materials
– Coaching Actuaries
• (https://www.coachingactuaries.com)
• ADAPT software
Math 373 – Calculators
• Only Society of Actuaries Exam
calculators may be used on tests and
quizzes.
• See Syllabus
• Recommend Texas Instruments BAII Plus
• See PDF files on Class Website
Math 373 – Procedures
• Evaluation
– Regular Quizzes (20%)
• 6 quizzes
– Homework (4%)
– Four tests (76%)
• Three tests worth 19%% each
• Final worth 19%
Math 373 – Procedures
• Quizzes and Tests are closed book
• Only permitted calculators are allowed
• Quizzes cannot be made up
– Lowest Quiz dropped
• Tests can only be made up under extreme
circumstances
• Homework is essential
– Due at the Beginning of Class
– Will not accept late
– 2 lowest grades will be dropped
Math 373 – Procedures
• Quizzes
– Must show all your work to get full credit.
– Answer without work will get less than 50%
credit
• Grades will be on a plus/minus scale
– See scale in syllabus
Math 373 – Academic
Dishonesty (Cheating)
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Cheating will not be tolerated!
Copying someone else’s HW is Cheating!
Giving someone your HW is Cheating!
Copying past published solutions is Cheating!
If you cheat on HW or Quiz, penalty is a zero on
the homework or Quiz and 5% of the total score
for the class.
• If you cheat on a Test, you will receive a failing
grade in this class.
Math 373 – Dual Purpose
• Learn Interest Theory
• Exam Prep Course
– SoA Exam FM
– CAS Exam 2
• Course Outline
Students Not Taking Exam Ever
• Do the HW.
– Master these problems and you will do well in
class.
• Excellent Class for the quantitative
business student or finance major
• One senior business student stated:
– “It has been the most valuable class I have
had here at Purdue.”
Exam FM/Exam 2
• June 9-20
– Sign Up by May 2
• August 4-15
– Sign Up by June 27
• Goal: 250 hours of Preparation
– Keep a log
• Work as many problems as you can
• Plan for 250 hours
250 Hours
• Attend Class and Do HW
• Supplemental Material
• Problems Provided by Me
125 hours
75 hours
50 hours