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The syllabus outlines lecture and office hours, contact details, and course goals focused on mathematical foundations for actuarial exam preparation (SoA MFE and CAS 3F) plus workplace vocabulary for finance and insurance institutions. It describes core topics including probability distributions, random walks, Black-Scholes pricing, option Greeks, market making, interest-rate models, bond pricing, and Monte Carlo with variance reduction. 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It also builds vocabulary and techniques used in financial and insurance workplaces.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What topics are covered in the course?",{"text":117,"@type":113},"The syllabus includes normal and log-normal distributions, the simple random walk, the Black-Scholes pricing formula, analysis of option Greeks, market making, discrete non-deterministic interest rate models, bond pricing, and Monte Carlo simulations with variance reduction methods.",{"name":119,"@type":110,"acceptedAnswer":120},"How are homework assignments submitted and graded?",{"text":121,"@type":113},"Homework is assigned in class and/or on the course website and is submitted either via Canvas as typed-up solutions or in-person as handwritten solutions at the start of class. Typed submissions via Canvas receive a 5% bonus, homework must be organized and follow formatting guidelines, and the lowest two homework scores are dropped.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},399220,1790554928,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":44,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},1236954412713,"https://us-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","M339W/M389W(unique: 54270/54610): Financial Mathematics for Actuarial Applications  \nFall 2017, University of Texas at Austin  \n􀀔  \nInstructor: Milica Cudina  \nFirst-Day Information Sheet  \nWelcome! 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: September 15, 2017 { if there is anything unclear.  \nTreat this document like a contract.  \nTechnicalities  \nLectures: Mon/Wed/Fri 1:00pm-2:00pm at RLM 5.120 O􀀎ce Hours: Mon/Wed/Fri 10:00am-11:00am at RLM 13.142  \nMy e-mail: mcudina [teaching@math.utexas.edu](teaching@math.utexas.edu)  \nPhone numbers: (512)232-6186 (the instructor's o􀀎ce)  \n(512)471-7711 (Department of Mathematics-main o􀀎ce)  \nAbout the Course  \nA few (serious) introductory remarks  \n􀀅 Course URL. [http://www](http://www) .ma .utexas .edu/users/mcudina/course1 .html  \n􀀅 Course description. This course is intended to provide the mathematical foundations necessary to prepare for a portion of the SoA Exam MFE (thus, the CAS Exam 3F) .  \nAdditionally, 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.  \nThe material exhibited includes: an in-depth study of the normal and log-normal distributions, the simple random walk, the Black-Scholes pricing formula, analysis of option Greeks, market making, non-deterministic interest rate models (discrete), bond pricing, Monte-Carlo simulations (with variance reduction methods) .  \nThe remainder of the Exam MFE/3F curriculum is exhibited in course M339D (also o􀀋ered by the Department of Mathematics) .  \nA thorough understanding of probability and statistics will be needed to advance through the variated and very dense material. The students will be expected to actively participate in the class meetings and contribute to the successful conclusion of this course.  \n􀀅 Prerequisites. Course M339D with a grade of at least C- .  \n2  \n􀀅 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 November 7th.  \nA few words about the assignments and grading  \nHomework. This is important information: I will not accept homework that does not conform to the guidelines that follow!  \nHomework 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:  \n[1.](1. online)[ online](1. online) submission of typed-up solutions through Canvas, or  \n[2.](2. in-person)[ in-person](2. in-person) submission of handwritten solutions in the beginning of class.  \nYou 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.  \nIf 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.  \nIf 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 page and the outside page write your name, course number, assignment number, and date. Also, put your last name on each page.  \nThe l","cbCaiglnRvbfNixW","https://ap.wps.com/l/cbCaiglnRvbfNixW","pdf",160058,"English","# First-Day Information Sheet\n## Technicalities\n## About the Course\n## Assignments and Grading\n### Homework\n### Quizzes\n### In-Term Exams\n### Final Exam","[{\"question\":\"What is the course purpose for actuarial candidates?\",\"answer\":\"The course provides the mathematical foundations needed to prepare for the SoA Exam MFE (and thus the CAS Exam 3F). It also builds vocabulary and techniques used in financial and insurance workplaces.\"},{\"question\":\"What topics are covered in the course?\",\"answer\":\"The syllabus includes normal and log-normal distributions, the simple random walk, the Black-Scholes pricing formula, analysis of option Greeks, market making, discrete non-deterministic interest rate models, bond pricing, and Monte Carlo simulations with variance reduction methods.\"},{\"question\":\"How are homework assignments submitted and graded?\",\"answer\":\"Homework is assigned in class and/or on the course website and is submitted either via Canvas as typed-up solutions or in-person as handwritten solutions at the start of class. Typed submissions via Canvas receive a 5% bonus, homework must be organized and follow formatting guidelines, and the lowest two homework scores are dropped.\"}]","M339W/M389W - Financial Mathematics for Actuarial Applications - Fall 2017 Course Syllabus | PDF",1790494909,23]