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Introduction to personal finance using calculus and statistics: simple and compound interest; annuities and pensions; amortisation and mortgages; taxes; insurance; credit cards; stocks, bonds and risk.
The objective of the course is to introduce students to aspects of personal finance with special emphasis on the student developing their knowledge, skill and understanding of the mathematical and statistical underpinnings of the selected topics. Extensive use will be made of theorems and mathematical proofs.
(1) MATH102 or MATH108 or equivalent; (2) STAT101 or MSCI110 or equivalent.
William Rea
Fabozzi, Frank J; Fixed income mathematics : analytical & statistical techniques ; Rev. ed.; Probus Pub. Co, 1993.
Lovelock, David , Mendel, Marilou., Wright, A. Larry; An introduction to the mathematics of money : saving and investing ; Springer, 2007.
Zipf, Robert; Fixed income mathematics ; Academic Press, 2003.
This course will use Beamer presentations in lectures. The slides will be available on LEARN before class in pdf format. You will need to be familiar with material other than the Beamer presentations such as the recommended textbooks, lecture notes, tutorial/problem session material and any other supplementary material.
Domestic fee $630.00
International fee $2,775.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
This course will not be offered if fewer than 20 people apply to enrol.
For further information see Department of Economics and Finance .