Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor, Lecturer
Han Li
Contact via Email
E4A 724
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MActPrac
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit begins by providing a rigorous mathematical development of compound interest theory, using calculus where appropriate. Topics include the force of interest and its relationship to interest rates, inflation and capital gains tax, discrete and continuous term certain annuities, project appraisal, loans, bonds, yield curves, matching and immunisation, data and the basics of modelling and the definitions of various insurance and annuity contracts. Students are assumed to be able to use the basic functionality of a spreadsheet package of their choice.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
For all assessments:
Assessment criteria for all assessment tasks will be provided on the unit iLearn site.
All individual assessment results will be made available under Grades on the website.
It is the responsibility of students to view their marks for each within-session assessment on iLearn within 20 working days of posting. If there are any discrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received after the release of final results regarding assessment marks (not including the final exam mark) will not be addressed.
Name | Weighting | Hurdle | Due |
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Assignment 1 | 10% | No | 12th April 2019 |
Mid-Semester Examination | 20% | No | Week 8 |
Assignment 2 | 10% | No | 24th May 2019 |
Final Examination | 60% | No | Standard Exam Period |
Due: 12th April 2019
Weighting: 10%
This is an individual assignment which focuses on problem solving using Excel spreadsheet.
You are required to submit your Excel spreadsheet to iLearn.
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for this assignment, except for cases in which an application for special consideration is made and approved.
Due: Week 8
Weighting: 20%
The duration of the mid-semester exam is 90 minutes. See details below:
1. Non-programmable calculators with no text-retrieval capacity are allowed.
2. No dictionaries permitted.
3. The mid-semester exam will be held in the lecture.
4. It is a close-booked exam. The exam paper includes a formulae sheet.
Due: 24th May 2019
Weighting: 10%
This is an individual assignment which focuses on problem solving using Excel spreadsheet.
You are required to submit your Excel spreadsheet to iLearn.
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for this assignment, except for cases in which an application for special consideration is made and approved.
Due: Standard Exam Period
Weighting: 60%
The duration of the final exam is 3 hours plus 10 minutes reading time. See details below:
1. Non-programmable calculators with no text-retrieval capacity are allowed.
2. No dictionaries permitted.
3. It is a closed-book exam. The exam paper includes a formulae sheet.
4. The exam consists of both traditional mathematical/computational questions (about 85%) and Excel spreadsheet related questions (about 15%).
The timetable for classes can be found on the University website at: https://timetables.mq.edu.au
Lecture notes are available for download from iLearn. You will need to print the lecture notes and bring them to classes.
Recommended textbook:
Garrett, S., 2013. An introduction to the mathematics of finance: a deterministic approach. Butterworth-Heinemann.
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by: