MATH 465 - Mathematics of Financial Economics

Prerequisite(s): MATH 451
Corporate finance and financial models applied to insurance and other financial risks. Mean-variance portfolio theory and its principal results, Capital Asset Pricing Model, measures of investment risk, Monte Carlo simulation, forwards and futures, call and put options, option strategies, put-call parity, binomial pricing models, lognormal distribution, Black–Scholes option pricing model, Option Greeks, and hedging. Prepares students for the Society of Actuaries’ Exam IFM and Casualty Actuarial Society’s Exam 3F.