STAT6046 Financial Mathematics
| Offered By | School of Finance, Actuarial Studies & Appl Stats |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Statistics |
| Offered in | First Semester, 2010 and First Semester, 2011 |
| Unit Value | 6 units |
| Course Description |
Compound interest functions; valuation of annuities certain; loans repayable by instalments; comparison of value and yield of cash flow transactions; valuation of fixed interest securities, with and without tax on interest and capital gains; duration and volatility of securities; introduction to concept of immunisation and matching; consumer credit contracts; introduction to stochastic interest rate models. |
| Learning Outcomes |
On completion of this course students should have an understanding of and be able to apply the techniques outlined in the course description. |
| Indicative Assessment |
Students enrolled in STAT 6046 will be assigned an extra question in the mid-semester and the final exam compared to the UG equivalent exams. |
| Workload | 10 hours per week. |
| Course Classification(s) | TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses. |
| Areas of Interest | Actuarial Studies, Finance, and Statistics |
| Eligibility |
At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics. |
| Incompatibility |
Incompatible with STAT8046 Financial Mathematics |
| Prescribed Texts | See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT6046.pdf |
| Preliminary Reading |
See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT6046.pdf
|
| Indicative Reading List | See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT6046.pdf |
| Programs | Graduate Certificate in Business Statistics, Master of Actuarial Statistics, Master of Actuarial Studies, Master of Business, and Master of Commerce |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=STAT6046 |
| Academic Contact | See http://ecocomm.anu.edu.au/courses/course.asp?code=STAT6046 |
The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.
