FINANCIAL AND ACTUARIAL MATHEMATICS

McGraw-Hill, 2007, ISBN 978-007-125856-2, 335 + xvi pages

Wai-Sum Chan, FSA, PhD                                                                Chinese University of Hong Kong                                                  Email: chanws@cuhk.edu.hk

Yiu-Kuen Tse, FSA, PhD                                                               Singapore Management University                                                 Email: yktse@smu.edu.sg

 

Preface
About the Authors
Table of Contents
Sample PPT slides Chapter 2 and Chapter 9
Ordering Information: mghasia_sg@mcgraw-hill.com

 

This is an introductory textbook covering the mathematics of interest rates, life contingencies and loss models. It is written at a level of rigor that is required for students majoring in actuarial science, quantitative finance, financial engineering and quantitative risk management. It emphasizes on an intuitive treatment of the mathematics of finance and insurance, with special attention on applications. Each chapter contains many examples illustrating the applications of mathematical analysis to financial instruments and personal financial management.

This book may be adopted as the main text of a one-semester course in the mathematics of interest rates and actuarial mathematics, using selected chapters. It can also be used as the main text of a one-semester course in the mathematics of interest rates and investments, using all chapters in Part I, or as a supplementary text of a course in actuarial mathematics, using all chapters in Part II.

Instructors may request for the Instructors’ Manual (205 pages) from the publisher. The Instructors’ Manual provides detailed solutions of all exercises in the book, as well as additional exercises and their answers. PowerPoint slides covering all chapters of the book are also obtainable from the publisher.