1. Financial Mathematics

2. Math 373 – Instructor
WTHR 172 (Tu & Th at 1:30) and WTHR 320 (W at 2:30)
Jeff Beckley
Math 818
Office Hours
Monday 6:00 to 7:30 pm
Wednesday 3:30 to 6:30
By Appointment

3. Math 373 – Optional Textbooks
Mathematical Interest Theory, Second Ed.
First Edition is okay.
Derivative Markets, Third Edition
Supplemental Study Materials
Coaching Actuaries (
ADAPT software

4. Math 373 – Calculators
Only Society of Actuaries Exam calculators may be used on tests and quizzes.
See Syllabus
Require a Texas Instruments BAII Plus
See PDF files on Class Website
May Use Multiple Calculators

5. Math 373 – Procedures Evaluation Regular Quizzes (20%) Homework (8%)
Four tests (72%)
Three tests worth 18%% each
Final worth 18%

6. Math 373 – Procedures Quizzes and Tests are closed book
Only permitted calculators are allowed
Quizzes cannot be made up
Lowest Quiz dropped
Tests can only be made up under extreme circumstances
Homework is essential
Due at the Beginning of Class
Will not accept late
2 lowest grades will be dropped

7. Math 373 – Procedures Homework will be on-line LON CAPA
Beta Testers
Flexible and Fair
First Homework Assigned Thursday
Cover use of LON CAPA on Thursday in Class
Homework is essential
Due at the Beginning of Class
2 lowest grades will be dropped

8. Math 373 – Procedures Tests and Quizzes
Must show all your work to get full credit.
Answer without work will get less than 50% credit
Grades will be on a plus/minus scale
See scale in syllabus

9. Math 373 – Academic Dishonesty (Cheating)
Cheating will not be tolerated!
If you cheat on a Quiz, penalty is a zero on the Quiz and 5% of the total score for the class.
If you cheat on a Test, you will receive a failing grade in this class.

10. Math 373 – Dual Purpose Learn Interest Theory Exam Prep Course
SoA Exam FM
CAS Exam 2
Course Outline

11. Students Not Taking Exam Ever
Do the HW.
Master these problems and you will do well in class.
Excellent Class for the quantitative business student or finance major
One senior business student stated:
“It has been the most valuable class I have had here at Purdue.”

12. Exam FM/Exam 2 December 6-17 February & April 2017
Sign Up by October 31
February & April 2017
Goal: 250 hours of Preparation
Keep a log
Work as many problems as you can
Plan for 250 hours

13. 250 Hours Attend Class and Do HW 125 hours
Supplemental Material hours
Problems Provided by Me hours

14. Exam FM/Exam 2 Exam Material Changes with June 2017
Derivative Markets Material Removed
Interest Rate Swaps Added
Determinants of Interest Rates Added
Very Little Change in Difficulty