Course 370 Intro.ppt

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Course 370 Intro.ppt

  1. 1. Financial Mathematics Math 370
  2. 2. Math 370 – Instructor <ul><li>LILY 3118 </li></ul><ul><li>Jeff Beckley </li></ul><ul><ul><li>http://www.math.purdue.edu/~jbeckley/ </li></ul></ul><ul><ul><li>Math 703 </li></ul></ul><ul><ul><li>49-41861 </li></ul></ul><ul><ul><li>317-698-8543 </li></ul></ul><ul><ul><li>[email_address] </li></ul></ul><ul><ul><li>Office Hours </li></ul></ul><ul><ul><ul><li>Tuesday and Thursday </li></ul></ul></ul><ul><ul><ul><ul><li>1:00 to 2:30 </li></ul></ul></ul></ul><ul><ul><ul><li>By Appointment </li></ul></ul></ul>
  3. 3. Math 370 – Textbooks <ul><li>Theory of Interest, Second Edition </li></ul><ul><li>Actex Study Manual </li></ul><ul><li>Actex Solutions Manual (Optional) </li></ul><ul><ul><li>Need to order from Mad River Books </li></ul></ul>
  4. 4. Math 370 – Calculators <ul><li>Only Society of Actuaries Exam calculators may be used on tests and quizzes. </li></ul><ul><li>See link in Syllabus </li></ul><ul><li>Recommend Texas Instruments BAII Plus </li></ul><ul><li>See PDF files on SoA Website </li></ul>
  5. 5. Math 370 – Procedures <ul><li>First fifteen minutes of each class with be spend on homework </li></ul><ul><li>Evaluation </li></ul><ul><ul><li>Quizzes (20%) </li></ul></ul><ul><ul><ul><li>8 unannounced quizzes </li></ul></ul></ul><ul><ul><li>Homework (10%) </li></ul></ul><ul><ul><li>Three tests (70%) </li></ul></ul><ul><ul><ul><li>Two tests worth 20% each </li></ul></ul></ul><ul><ul><ul><li>Two hour final worth 30% </li></ul></ul></ul>
  6. 6. Math 370 – Procedures <ul><li>Quizzes and Tests are closed book </li></ul><ul><li>Only permitted calculators are allowed </li></ul><ul><li>Quizzes cannot be made up </li></ul><ul><ul><li>Lowest Quiz dropped </li></ul></ul><ul><li>Tests can only be made up under extreme circumstances </li></ul><ul><li>Homework is essential </li></ul><ul><ul><li>Will not accept late </li></ul></ul><ul><ul><li>2 lowest grades will be dropped </li></ul></ul>
  7. 7. Math 370 – Procedures <ul><li>Note Test on Thursday before Spring Break </li></ul><ul><li>Quizzes and Homework </li></ul><ul><ul><li>Must show all your work to get full credit. </li></ul></ul><ul><ul><li>Answer without work will get less than 50% credit </li></ul></ul>
  8. 8. Math 370 – Dual Purpose <ul><li>Learn Interest Theory </li></ul><ul><li>Exam Prep Course </li></ul><ul><ul><li>SoA Exam FM </li></ul></ul><ul><ul><li>CAS Exam 2 </li></ul></ul><ul><li>Course Outline </li></ul><ul><li>Students Not Taking Exam in Spring </li></ul>
  9. 9. Exam FM/Exam 2 <ul><li>Goal: 250 hours of Preparation </li></ul><ul><ul><li>Keep a log </li></ul></ul><ul><ul><li>Turn it in to me weekly </li></ul></ul><ul><ul><li>If you lie to me, you are only fooling yourself </li></ul></ul><ul><li>Work as many problems as you can </li></ul><ul><li>Plan for 250 hours </li></ul>
  10. 10. 250 Hours <ul><li>Week ending 1-14 3 hours </li></ul><ul><li>Next eight weeks 10.5 hours </li></ul><ul><ul><li>Weeks ending 1-21 to 3-11 </li></ul></ul><ul><li>Week ending 3-18 0 hours </li></ul><ul><li>Next five weeks 14 hours </li></ul><ul><ul><li>Weeks ending 3-25 to 4-22 </li></ul></ul>
  11. 11. 250 Hours (Cont.) <ul><li>Week ending 4-29 7 hours </li></ul><ul><li>Week ending 5-6 10 hours </li></ul><ul><li>Weeks ending 5-13 and 5-20 28 hours </li></ul><ul><li>May 21-24 20 hours </li></ul><ul><li>May 25 th PASSING SCORE </li></ul><ul><li>Total hours 250!!!! </li></ul>
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