Fundamentals of Financial Mathematics
COURSE OVERVIEW
This course prepares potential actuaries for international actuarial and risk management accreditation exams, such as SOA FM, IFoA CM1, and CFA Level I. It provides a foundational understanding of financial mathematics concepts, focusing on calculating present and accumulated values of various cash flow streams. The course covers essential topics such as compound interest, annuities, Loan repayments, measuring the rate of return of an investment, term structure of interest rates and forward rates, bond valuation, duration and convexity.
KEY TOPICS COVERED
- Time values of money and its characteristics.
- Loan repayments and bonds valuations.
- Return on investment, term structure of interest rates and forward rates.
- Cash flow duration and immunization.
TARGET AUDIENCE
- University students
- Candidates for SOA, IFoA , and CFA Level I exams
- Employees in banking, finance, and insurance sectors
University
Calculus II or equivalent
132 hours
(44 contact hours + 88 independent learning hours)
-
3 Assignments: 30%.
-
2 Quizzes: 30%.
- Final Exam: 40%.
Instructor
Domain
Date
To be announced
No of Students
25
Hours
132 hours
Duration
8 weeks
Credit Points
3
Degree Program
Bachelor of Actuarial Science (can count towards MATHS 371)
Fees
240 BHD
Level
Language
English
Venue
University of Bahrain
Time
CONTACT
For further Information, please contact:
Mr. Mohammed Al-Hooti
Tel: +973-33777339
Email: malhooti@uob.edu.bh