Natural Science 0313 - Math of Investment and Credit

The world we live in is an ever-growing financial market, in which governments, corporations and individuals engage in a wide variety of complex transactions. To be an effective investor, saver or borrower, one needs to understand the fundamental principles upon which all financial transactions are based. Central to these principles is the concept of interest. Thus, in this course we seek to learn how to be an effective investor, saver and/or borrower by developing an understanding of the mathematics underlying interest theory and its applications to personal and/or institutional finance. Prerequisite: Calc 1 required, Probability desirable but not required.

Quantitative Skills In this course students are generally expected to spend at least 6 to 8 hours a week of preparation and work outside of class time.