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.
2026/27 Course Information
This course will be offered September 22nd, 2026 – April 2027 on Tuesdays from 6:00 – 7:30 p.m.
Instructor: Gang Li gli@math.carleton.ca
Registration Information
Registration fee: $565.
If you register after Sept 20th, 2026, please email the course Instructor to let them know, so that you get relevant information promptly.
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.**