Financial Mathematics I (Mathematics of Finance 1) Notes (H1 97%)

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  • UniversityUniversity of Melbourne
  • AreaBusiness and commerce
  • CourseFinancial Mathematics I (Mathematics of Finance 1)
  • Course CodeACTL20001 / ACTL90001
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97%Verified Grade
  • Authormelbournenotespreparer
  • Created2015
  • Pages31
  • Approved18 June 2016

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Daniel Markos

Daniel Markos Bond University

I use Nexus Notes as skeletons for my own notes. This method is far easier than working off textbooks and really helps me with my law exams which aren't getting any easier.

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Tommy Hendrick University of Sydney

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Nick Cundy

Nick Cundy University of Adelaide

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About these notes

I found commencing my first proper actuarial course in Financial Mathematics to be incredibly difficult after not doing the standard first year introduction to actuarial studies at Melbourne University. I therefore needed to do some catch up to ensure I did not fall behind the cohort and place myself in a good position to get exemption.
The set of 30 pages of my study notes for Financial Mathematics was what helped me obtain a score of 97. The notes are designed to only present what is required to be learnt and memorised for examination purposes during revision time. They are not a comprehensive rewrite of the course notes.

Key features of the notes
1. A summary of the key formulae and knowledge for Financial Mathematics I is expected to know to confidently step into the exam and quickly answer the questions instead of spending precious time deriving it from scratch.
2. A list of ‘tips’ to alert the student to pitfalls and traps which are exploited in examination questions.
3. Written interpretation to key formulae to foster intuition and also help students answer questions which require a written interpretation to the derived formulae.
4. A list of ready-made recipes with all the required steps in solving standard examination questions which the student can easily adapt to those questions
5. For the theoretical questions, I have only extracted the key content and knowledge which must be memorised to do well in the questions.

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