M339D/M389D - Introduction to Financial Mathematics for Actuaries - First-Day Information Sheet - Spring 2019

Sep 27, 2026

Uploaded by Aria

First-Day Information Sheet for an actuarial science course at The University of Texas at Austin (Spring 2019) taught by Milica Cudina. Provides course identification, meeting schedule, office hours, contact details, and a course description focused on mathematical foundations for IFM (SoA) and CAS 3F, including risk management, contracts, options, futures, and the binomial asset pricing model. Explains prerequisites, drop-date guidance, homework submission procedures, quiz handling, and exam timing, emphasizing careful participation and study.

LanguageEnglish

CategoryExam

FormatPDF

Pages9

Reading Time23 min

AccessFree to download

First-Day Information Sheet

Technicalities

About the Course

Assignments and Grading

Exams

M339D/M389D(unique: 53390/53730): Introduction to Financial Mathematics for Actuaries Spring 2019, University of Texas at Austin 􀀔 Instructor: Milica Cudina First-Day Information Sheet Welcome! Here is some information and some ground rules. I will stick to these rules, and I assume you will, too. Read carefully, and let me know as soon as possible { certainly by the 12th day of classes: February 6th, 2019 { if there is anything unclear. Treat this document like a contract. Technicalities Lectures: Mon/Wed/Fri 1:00-2:00pm in RLM 5.114 O􀀎ce Hours: Mon/Wed/Fri 11:00am-11:50am in RLM 13.142 My [e-mail:](e-mail: mcudina@math.utexas.edu)[ mcudina@math.utexas.edu](e-mail: mcudina@math.utexas.edu) Phone numbers: (512)232-6186 (the instructor's o􀀎ce) (512)471-7711 (Department of Mathematics-main o􀀎ce) About the Course A few (serious) introductory remarks 􀀅 Course URL. [http://www](http://www) .ma .utexas .edu/users/mcudina/course2 .html 􀀅 Course description. This course is intended to provide the mathematical foundations necessary to prepare for a portion of the SoA Exam IFM and CAS Exam 3F. Additionally, the course is aimed at building up the vocabulary and the techniques indispensable in the workplace at current 􀀌nancial and insurance institutions. This is not an exam-prep seminar. There is intellectual merit to the course beyond the ability to prepare for a professional exam. The material exhibited includes: basic risk management, forward contracts, options, futures, the binomial asset pricing model and its application to option pricing. It should be stressed that this course is more sophisticated mathematically than is evident at 􀀌rst glance. A thorough understanding of probability and skillful application of notions from interest theory will be needed to advance through the varied and very dense material. The students will be required to actively participate in the class meetings and contribute to the successful conclusion of this course. The remainder of the Exam IFM/3F curriculum is exhibited in course M339W (also o􀀋ered by the Department of Mathematics) . 2 􀀅 Prerequisites. Courses M329D and M362K with a grade of at least C- . 􀀅 Drop dates. The last drop date for this class is the one announced on the academic calendar of the University of Texas at Austin (see [http://registrar.utexas.edu/calendars/](http://registrar.utexas.edu/calendars/)). This term it is April 8th, 2019 . A few words about the assignments and grading Homework. This is important information: I will not accept homework that does not conform to the guidelines that follow! Homework will be assigned in class and/or available on the course website. The homework will not be posted on Canvas. You will have two di􀀋erent ways in which to hand in your homework: [1.](1. online)[ online](1. online) submission of typed-up solutions through Canvas, or [2.](2. in-person)[ in-person](2. in-person) submission of handwritten solutions in the beginning of class. You do not need to commit to a single way of submitting homework in the beginning of the course; it is acceptable to mix and match, but it is not acceptable to sumbit a single homework assignment twice. Regardless of the fashion in which your work is submitted, your solutions need to be in order and you should number the pages. If you choose to upload your typed-up answers through Canvas, you will receive a 5% bonus on top of the score you earn in that particular assignment. If you choose to hand in your assignment in the beginning of class when it is due, you should follow these guidelines. Homework assignments you turn in must be organized and stapled. As will business or o􀀎cial documents, the homework assignments must be done carefully and written legibly on standard size paper. Please do homework on standard size good quality paper and write only on the front of each sheet. Box 􀀌nal answers where possible. Staple in the top left-hand corner. On the 􀀌rst

FAQs

What are the course meeting times and instructor office hours?

Lectures meet Mon/Wed/Fri 1:00-2:00pm in RLM 5.114, with office hours Mon/Wed/Fri 11:00am-11:50am in RLM 13.142.

What is the course’s purpose and what topics are covered?

The course builds mathematical foundations for IFM and CAS 3F and develops workplace vocabulary for financial and insurance institutions. It covers risk management, forward contracts, options, futures, and the binomial asset pricing model for option pricing.

How are homework submissions and grading handled?

Homework can be submitted via typed solutions through Canvas or handwritten solutions in person at the beginning of class. Submissions must follow formatting guidelines; a 5% Canvas bonus applies, and the lowest two homework scores are dropped.

Sep 27, 2026

Uploaded by Aria