MATH 347 Course Syllabus

NJIT HONOR CODE:  All Students should be aware that the Department of Mathematical Sciences takes the NJIT Honor Code very seriously and enforces it strictly.  This means that there must not be any forms of plagiarism, i.e., copying of homework, class projects, or lab assignments, or any form of cheating in quizzes and exams.  Under the Honor Code, students are obligated to report any such activities to the Instructor.

 

Math 347:  Mathematics of Finance II

 

Instructor:   (for specific course-related information, follow the link below)

 

Math 347-002

Prof. Rappaport

 

Prerequisites:  Math 346, Math 244 or Math 333, and Math 211 or Math 213, all with a grade of C or better.

 

Number of Credits:  3

 

Course Description:  This course introduces mathematical models of bond and stock prices, which lead to arbitrage pricing of options and other derivative securities, and portfolio management. These areas of mathematical finance have a great impact on the way financial markets function. Topics include risk-free, and risky assets, portfolio management, futures, and options. Effective From: Spring 2005.


Departmental Policies:

 

Attendance:  Students must attend all classes and recitations. Absences from class will inhibit your ability to fully participate in class discussions and problem solving sessions. Tardiness to class is very disruptive to the instructor and students and will not be tolerated. Students might be withdrawn from the class or receive an "F" because of absences.  For additional details, please click here.

 

Common Exam Policy:  There are NO MAKE-UP MIDTERM EXAMS. Students who fail to take an exam will receive a score of zero unless they have a legitimate excuse. Students with legitimate excuses should contact the Course Coordinator.

 

Final Exam Policy:  There will be no makeup final exams, except in rare situations where the student has a legitimate reason for missing an exam, including illness, death in the family, accident, requirement to appear in court, etc. The student MUST notify the Math Office and the Instructor that he/she will miss an exam. In all cases, the student MUST present proof for missing the exam, e.g., a doctor's note, police report, court notice, etc., clearly stating the date AND times.

 

Cellular phones:  All cellular phones and beepers must be switched off during all class times.