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.
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.**