Financial Mathematics – (Grade 8-10 Students)

Course Outline:

Financial mathematics is a fascinating field that blends mathematics with real-world financial markets. It’s all about using mathematical models and techniques to understand, analyze, and predict the behavior of money, investments, and financial systems. Whether you’re interested in becoming a stockbroker, an economist, or just curious about how the world of finance works, financial mathematics can give you the tools to make sense of it all.

Tentative Syllabus:

Basics of financial mathematics:

  • Interest rates,
  • Growth of money, Yield rates,
  • Time value of money,
  • Net Present Value,
  • Annuities,
  • Loans & Mortgages.

Probability and life insurance:                           

  • Addition rule, Multiplicative rule. Conditional probability and independence,
  • Total probability, Bayes’ rule,
  • Probability distribution of a discrete random variable,
  • Expectation and variance of a discrete random variable,
  • Mortality table,
  • Premium of a life insurance policy.

2024/25 Course Information

This course will be offered September 25th, 2024 – April 2025 on Wednesdays from 6:00 – 7:30 p.m.

Instructor:          Gang Li gli@math.carleton.ca

Class Location:  Richcraft Hall , Room 1201.

Maximum enrollment is 40 students per class. We reserve the right to cancel the course with a full refund if minimum enrollment is not reached.

2025/26 Course Information

This course will be offered September, 2025 – April 2026 on Tuesdays from 6:00 – 7:30 p.m.

Instructor:          Gang Li gli@math.carleton.ca

Registration Information

Registration fee: $540.

REGISTRATION FORM

For students with limited financial resources fee waivers may be available.
If you intend to apply for a fee waiver, please do NOT complete the regular registration. If you register for a course and then get approval for a fee waiver, there will be a non-refundable administration fee of $25 per registration.


Fee Waiver Information and Application

Refund Policy

100% refund prior to August 31st
95% refund prior to September 30th
75% refund prior to October 31st
50% refund prior to November 30th

To request refund, please complete this form before the deadline.

Inquiries

For more information, please write to gli@math.carleton.ca

**Please note we are unable to answer any enquiries by phone.**

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