Syllabus for Math 351, Section F1 (Financial Mathematics)

Course topic: Financial Mathematics
Text: Luenberger, Investment Science, 1998, Oxford University Press.

Outline: This is an undergraduate course on some mathematical aspects of finance.

The tone of the class will, as much as possible, be exploratory; I would like to forego the standard Socratic method for a more conversational framework. Ideally, I would like to present the basic ideas of some material and then have students present some material which can expand upon the basic ideas. Although it would help if you have had Math 361, it is not formally a prerequisite. In other words, although I would like mathematical maturity, I will settle for mathematical adolescence. This means that the students backgrounds will wildly vary and that we will need to proceed slowly (in contrast to the standard courses which need to proceed at a fixed pace due to curricular considerations); both sophomores, juniors, and seniors will hopefully find the material accessible.

Grading policy: There will be three exams, final, and either some homeworks or some class presentations. The relative weights will be:

Final: 150 pts (30% of grade)
Hourly Exam 1: 100 pts (20% of grade)
Hourly Exam 2: 100 pts (20% of grade)
Hourly Exam 3: 100 pts (20% of grade)
Homework/Presentation: 50 pts (10% of grade)
Total: 500 pts (100% of grade)

Richard Sowers (Home Page)
Department of Mathematics
University of Illinois at Urbana-Champaign
1409 W Green St.
Urbana, IL 61801
(217) 333-6246