MATH 1140 - Section 001 Nicolas Fourrier

Fall 2011

Financial Mathematics Syllabus Course Location: CAB 341 Course Meeting Time: TuTh 9:30 - 10:45am

Instructor: Nicolas Fourrier Email: [email protected] Web Page: http://people.virginia.edu/~nf9kc

Office: Kerchoff hall 209 Office Hours: TuTh 8:30 - 9:30 am

Course Content: The study of the mathematics needed to understand and answer a variety of questions that arise in everyday financial dealings. Topics include simple and compound interest, valuation of bonds, amortization, sinking funds and rates of return on investments. A solid understanding of algebra is assumed. During the course, we will cover material from chapters 1-7 of our textbook, excluding sections 1.10, 2.6, 3.3, 3.8, 3.9 and 5.7. Notice that we will cover more sections in the book than we have class periods, so we will move quickly. Our pace during the semester will dictate how much of chapter will be covered. Additional topics might be covered as well. Text: Mathematics of Interest Rates and Finance, by Guthrie and Lemon Attendance Policy: Regular attendance is expected. You are responsible for any announcements made in class and any email I send to your UVA email account. Attendance and class participation may also be used in determining borderline grades. Students are expected to be on time for class and stay for the entire class period. Students arriving after the door is closed cannot attend the class. Homework: Homework will be assigned regularly. Your homework will not be graded. However, you should complete each assignement in a timely manner so that you will be prepared for tests, quizzes and the subsequent material covered in class. Quiz: Pop quizzes will be approximately 10-20 minutes in length and will be closely based on homework problems, in-class exercises, definitions... Material covered in class can be asked anytime. No makeups are given on quizzes, however the lowest two quizzes will be dropped.

Exams: There will be two midterm exams and a final exam given during the semester. Midterm 1: Tuesday, September, 27 Midterm 2: Thursday, November, 3 Final Exam: Thursday, December, 8

9.30 - 10.45am 9.30 - 10.45am 7.00 - 10.00pm

Covers : through Sec. 3 Covers: through Sec. 5 Covers: through Sec. 7

For those students with time conflicts or having a valid excuse for missing an exam, a make-up exam will be given the following morning beginning at 7.00am, however, you must notify me at least one week before the exam if you need to take the make-up exam. The date and time of the final exam may not be changed without the proper paperwork from the dean’s office, nor can a final exam be taken early.

Course Grade: The course grade will be determined as follows: Quiz average: Midterm Exam 1: Midterm Exam 2: Final Examination:

25% 20% 20% 35%

All exercises must be answered with a nice organization, writing from left to right, top to bottom and with a conclusion sentence. Failure to comply will drop-off your exercise’s grade. If you would like one exercise to be regraded, be aware that the whole exam/quiz will be regraded as well. Students presenting additional topics will obtain additional grades which will be included in the quiz average. (Depending on the quality of the presentation, the added grade might be equivalent to many quiz grades) Solutions: Solutions to every quiz will be posted on my Web Page under “Teaching - Fall 2011” as soon as possible after the quiz has been taken. Also, general information said in class will be online. Solutions to the midterm exams will be given in class on the day they are returned. Cell Phones: All cell phones must be silenced before coming to class and remain so throughout the entirety of the period. If anyone’s cell phone gets caught going off (this includes cell phones which vibrate), that individual will be required to bring cookies the following class meeting as restitution. Failure to comply will result in a zero on the next quiz. Calculators: Calculators will be allowed for any of the quizzes or exams. However, no program should be stored in the calculators. Learning Needs: If you have learning needs that have been evaluated by the Learning Needs and Evaluation Center (LNEC), please provide me with the documentation from LNEC as soon as possible. Honor Code: Quizzes and exams are to be taken without aid of any kind. However, you are encouraged to consult with others on exam and quiz preparation.