Introduction to Financial Mathematics I
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Description
Objective
Together with MATHS 1010 Applications of Quantitative Methods in Finance I,
this course provides an introduction to the basic mathematical concepts and techniques used in finance and business and includes topics from calculus, linear algebra and probability,
emphasising their interrelationships and applications to the financial area; introduces students to the use of computers in mathematics; develops problem solving skills with a particular emphasis on financial and business applications.
Content
Algebra: Matrices and linear equations. Optimisation problems: solutions by graphical and algebraic methods.
Functions and Annuities: linear, quadratic, exponential and logarithmic functions; simple and compound interest, annuities and amortization of loans. Continuous rates of change and the derivative.
 
Year  Semester  Level  Units 

2013  1  1  3 
Graduate attributes
Linkage future
This course is a prerequisite for MATHS 1010 Applications of Quantitative Methods in Finance I.
Recommended text
Lial, M.L. & Hungerford, T.W., Mathematics with Applications (8th ed) (AddisonWesley)
