Brief Course Description
1. Course Title:
Financial Mathematics
2. Language of Instruction:
Tiếng Anh
3. Course Code:
MAT508085
4. Credits:
3
5. Course Objectives:
This course aims to provide students with the basic concepts of financial mathematics and how to apply those concepts in calculating the present and cumulative value of different types of cash flows to serve future usage needs, including reserves, valuation, asset/liability management, investment income, capital budgeting. The course is designed to closely align with the syllabus for the Financial Mathematics Exam (FM Exam) of Society of Actuaries (SOA) to prepare students for the actuarial career.
6. Brief Description of Course Content:
The Financial Mathematics for actuaries course develops the students’ understanding of the fundamental concepts of interest rate theory, time value of money, cash flow, investment portfolio, and applications in analyzing assets and financial transactions. After the course,
students understand how these concepts are applied to caculate present and cumulative values for different types of cash flows. The course also details the term structure of interest rates and asset/liability management in the cash flow balance of enterprises.