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Math 175: General Course Outline

Catalog Description

175. Introduction to Financial Mathematics. Lecture, four hours .Requisites: courses 32B, 33B. Designed to prepare students for Society of Actuaries Financial Mathematics examination. Provides understanding of fundamental concepts of financial mathematics and how those concepts are applied in calculating present and accumulated values from various streams of cash flows as basis for future use in reserving, valuation, pricing asset/liability management, investment income, capital budgeting, and valuing contingent cash flows. Letter grading.

General Information. The courses 172AB were offered in the years 1990-1993. They were taught by outside personnel supported by extramural sources. Due to budget exigencies, the courses were discontinued for several years. The course was reinstated during the 1999-2000 school year.

There is an active actuarial program within the Mathematics Department at UCLA.

Textbook

Daniel and Vaaler, Mathematical Interest Theory , Prentice Hall, 2nd ed

McDonald, R. Derivatives Market , Addison Wesley. Ch 1-4, 5.1-5.4, 8.1-8.2 (Reader from UCLA Academic Publishing)

Updated 9/14