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Financial Mathematics I (ACTL20001)
Undergraduate level 2Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Overview
Availability | Semester 1 |
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Fees | Look up fees |
Topics include compound interest functions; valuation of a series of payments, including where the cash flows and/or the force of interest are continuous functions of time; equations of value; financial analysis of loan contracts and investment projects; characteristics of major asset types.
Intended learning outcomes
- Apply relevant pre-requisite mathematical knowledge in the solution of a range of practical problems;
- Describe and apply the main methods of finding the accumulation or present value of money under simple and compound interest and discount;
- Derive and apply formulae to calculate the accumulation or discounted value of a series of payments, including the cases of continuous payments and variable interest rates
- Analyse and solve equations of value for rates of interest
- Construct and analyse a loan schedule, including cases when terms of a loan are altered;
- Show how discounted cashflow techniques can be used in investment project appraisal;
- Demonstrate a knowledge and understanding of real and money interest rates;
- Explain the key features of the main types of financial assets, including shares, bonds, property and derivatives
Generic skills
-
High level of development: written communication; problem solving; application of theory to practice; synthesis of data and other information; use of computer software.
Last updated: 11 April 2024
Eligibility and requirements
Prerequisites
One of:
1.
- A total of 135 or better in (and completion of):
Code Name Teaching period Credit Points No longer available MAST20026 Real Analysis Semester 2 (On Campus - Parkville)Semester 1 (On Campus - Parkville)12.5 - and completion of:
Code Name Teaching period Credit Points No longer available
2.
- A total of 135 or better in (and completion of):
Code Name Teaching period Credit Points MAST10007 Linear Algebra Semester 2 (On Campus - Parkville)Semester 1 (On Campus - Parkville)Summer Term (On Campus - Parkville)12.5 MAST20026 Real Analysis Semester 2 (On Campus - Parkville)Semester 1 (On Campus - Parkville)12.5 - and completion of:
Code Name Teaching period Credit Points No longer available
3.
- A total of 135 or better in (and completion of)
Code Name Teaching period Credit Points No longer available MAST10009 Accelerated Mathematics 2 Semester 2 (On Campus - Parkville)12.5
4.
- An average mark of 75 or better in (and completion of):
Code Name Teaching period Credit Points MAST10006 Calculus 2 Semester 1 (On Campus - Parkville)Semester 2 (On Campus - Parkville)12.5 No longer available
5.
- An average mark of 60 or better in (and completion of):
Code Name Teaching period Credit Points MAST10008 Accelerated Mathematics 1 Semester 1 (On Campus - Parkville)12.5 MAST10009 Accelerated Mathematics 2 Semester 2 (On Campus - Parkville)12.5
6.
- An average mark of 75 or better in (and completion of):
Code Name Teaching period Credit Points MAST10006 Calculus 2 Semester 1 (On Campus - Parkville)Semester 2 (On Campus - Parkville)12.5 MAST10007 Linear Algebra Semester 2 (On Campus - Parkville)Semester 1 (On Campus - Parkville)Summer Term (On Campus - Parkville)12.5
7.
- A total of 135 or better in (and completion of):
Code Name Teaching period Credit Points MAST10007 Linear Algebra Semester 2 (On Campus - Parkville)Semester 1 (On Campus - Parkville)Summer Term (On Campus - Parkville)12.5 MAST10009 Accelerated Mathematics 2 Semester 2 (On Campus - Parkville)12.5
8.
- A total of 135 or better in (and completion of):
Code Name Teaching period Credit Points MAST10008 Accelerated Mathematics 1 Semester 1 (On Campus - Parkville)12.5 MAST10006 Calculus 2 Semester 1 (On Campus - Parkville)Semester 2 (On Campus - Parkville)12.5
9.
- An average mark of 60 or better in (and completion of):
Code Name Teaching period Credit Points No longer available MAST10009 Accelerated Mathematics 2 Semester 2 (On Campus - Parkville)12.5
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 11 April 2024
Assessment
Additional details
- A 2-hour end-of-semester examination (70%)
- Two assignments totalling not more than 2000 words (20%)
- A 45 minute mid-semester examination (10%)
- To pass this subject students must pass the end of semester examination.
Last updated: 11 April 2024
Dates & times
- Semester 1
Principal coordinator Daniel Dufresne Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 27 February 2017 to 28 May 2017 Last self-enrol date 10 March 2017 Census date 31 March 2017 Last date to withdraw without fail 5 May 2017 Assessment period ends 23 June 2017 Semester 1 contact information
Time commitment details
Estimated total time commitment of 170 hours.
Last updated: 11 April 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
Recommended texts and other resources
Compound Interest and its Applications, Fitzherbert and Pitt, 2013
- Breadth options
This subject is available as breadth in the following courses:
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 11 April 2024