Math 433: Mathematics of Financial Derivatives II (Capstone II)
Spring 2018 Course Syllabus
NJIT Academic Integrity Code: All Students should be aware that the Department of Mathematical Sciences takes the University Code on Academic Integrity at NJIT 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 University Code on Academic Integrity, students are obligated to report any such activities to the Instructor.
Course Information
Course Description: Mathematical analysis of models encountered in the area of financial derivatives with emphasis on numerical methods. Topics include: Binomial Trees, Black Scholes Models, Finite Difference Methods. Effective From: Spring 2014.
Number of Credits: 3
Prerequisites: Math 432. Corequisite: Math 340 with a grade of C or better. Math 432 with a grade of C or better.
CourseSection and Instructors
CourseSection 
Instructor 
Math 433H02 
Professor K. Rappaport 
Office Hours for All Math Instructors: Spring 2018 Office Hours and Emails
Required Textbook:
Title 
Derivatives Markets 
Author 
McDonald 
Edition 
3rd 
Publisher 
Addison Wesley 
ISBN # 
9780321543080 
Universitywide Withdrawal Date: The last day to withdraw with a W is Monday, April 2, 2018. It will be strictly enforced.
Policies
DMS Course Policies: All DMS students must familiarize themselves with, and adhere to, the Department of Mathematical Sciences Course Policies, in addition to official universitywide policies. DMS takes these policies very seriously and enforces them strictly.
Grading Policy: The final grade in this course will be determined as follows:
Homework and Quizzes 
10% 
Projects 
25% 
Midterm Exam I 
20% 
Midterm Exam II 
20% 
Final Exam 
25% 
Your final letter grade will be based on the following tentative curve.
A 
90  100 
C 
65  75 
B+ 
86  89 
D 
55  64 
B 
80  85 
F 
0  54 
C+ 
76  79 


Attendance Policy: Attendance at all classes will be recorded and is mandatory. Please make sure you read and fully understand the Math Department’s Attendance Policy. This policy will be strictly enforced. AttendanceNote
Homework Policy: Assigned homework will be collected.
Quiz Policy: There will be announced quizzes periodically.
Exams: There will be two midterm exams held in class during the semester and one comprehensive final exam. Exams are held on the following days:
Midterm Exam I 
Lecture 9 
Midterm Exam II 
Lecture 19 
Final Exam Period 
May 4  10, 2018 
The final exam will test your knowledge of all the course material taught in the entire course. Make sure you read and fully understand the Math Department's Examination Policy. This policy will be strictly enforced.
Makeup Exam Policy: There will be No makeup QUIZZES OR EXAMS during the semester. In the event an exam is not taken under rare circumstances where the student has a legitimate reason for missing the exam, the student should contact the Dean of Students office and present written verifiable proof of the reason for missing the exam, e.g., a doctor’s note, police report, court notice, etc. clearly stating the date AND time of the mitigating problem. The student must also notify the Math Department Office/Instructor that the exam will be missed.
Cellular Phones: All cellular phones and other electronic devices must be switched off during all class times.
Additional Resources
Math Tutoring Center: Located in the Central King Building, Lower Level, Rm. G11 (See: Spring 2018 Hours)
Further Assistance: For further questions, students should contact their instructor. All instructors have regular office hours during the week. These office hours are listed on the Math Department's webpage for Instructor Office Hours and Emails.
All students must familiarize themselves with and adhere to the Department of Mathematical Sciences Course Policies, in addition to official universitywide policies. The Department of Mathematical Sciences takes these policies very seriously and enforces them strictly.
Accommodation of Disabilities: Disability Support Services (DSS) offers long term and temporary accommodations for undergraduate, graduate and visiting students at NJIT.
If you are in need of accommodations due to a disability please contact Chantonette Lyles, Associate Director of Disability Support Services at 9735965417 or via email at lyles@njit.edu. The office is located in Fenster Hall Room 260. A Letter of Accommodation Eligibility from the Disability Support Services office authorizing your accommodations will be required.
For further information regarding self identification, the submission of medical documentation and additional support services provided please visit the Disability Support Services (DSS) website at:
Important Dates (See: Spring 2018 Academic Calendar, Registrar)
Date 
Day 
Event 
January 16, 2018 
T 
First Day of Classes 
January 22, 2018 
M 
Last Day to Add/Drop Classes 
March 11  18, 2018 
Su  Su 
Spring Recess  No Classes/ University Closed 
March 30, 2018 
F 
Good Friday  No Classes/ University Closed 
April 2, 2018 
M 
Last Day to Withdraw 
May 1, 2018 
T 
Friday Classes Meet  Last Day of Classes 
May 2  3, 2018 
W  R 
Reading Days 
May 4  10, 2018 
F  R 
Final Exam Period 