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.
2025/26 Course Information
This Course is cancelled this year . Registration for 2026–2027 will open in May 2026.
Registration Information
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.**