Updates to Mathematical Finance Option!
As some of you already know, the Department of Finance is planning to discontinue their ACTS 441: Introduction to Financial Economics and FINA 467A: Options, Futures, and Derivative Securities for Actuarial Science courses after the current Fall 2022 semester. Since these two courses are currently required for the Mathematical Finance option, the Math Department has made updates to the Mathematical Finance option!
The Math faculty have officially approved two replacement courses for the Mathematical Finance option. Going forward, the Mathematical Finance option will require the following courses from Actuarial Science and Finance:
- ACTS 440: Interest Theory (no change)
- FINA 367: Fixed Income Investments (replaces ACTS 441, the prerequisite for FINA 367 is ACTS 440)
- FINA 467: Options, Futures, and Derivative Securities (replaces FINA 467A, the prerequisite for FINA 467 is FINA 338 or FINA 367)
Doug Pellatz has contacted all of the current Math majors listed on the Mathematical Finance option about the plans for moving forward. However, if you are not currently on the Mathematical Finance option so you weren't contacted, here are the plans going forward:
- If you are currently enrolled in ACTS 441 or have finished ACTS 441 but not enrolled in FINA 467A yet, please contact Doug Pellatz about getting a permission code for FINA 467 for the Spring 2023 semester.
- If you are currently enrolled in ACTS 440 or you have finished ACTS 440 but not enrolled in ACTS 441 yet, you should look to enroll in the FINA 367 and FINA 467 courses going forward in order to finish your Mathematical Finance option requirements. There are three sections of FINA 367 scheduled for the Spring 2023 semester.
- If you haven’t enrolled in ACTS 440 yet, you will need to take the ACTS 440, FINA 367, and FINA 467 courses in order to finish your Mathematical Finance option requirements.
- If you have already finished ACTS 440, ACTS 441, and FINA 467A, the above changes will not impact you or your graduation requirements.
Please contact Doug Pellatz if you have any questions.