Back to Tom Salisbury's Home Page
MATH 5370 3.00MW (Winter 2015)
Financial Mathematics for Teachers
Announcements and documents will be posted here as they
- Solutions to Assignment 4 are posted, as are solutions to the second part of Assignment 3.
- The last officially scheduled class will be
- Project presentations are on April 23 (Karen, Sam, Chi, Justin) and
April 30 (Paula, Robert, Hamid). We will meet in S525 Ross both days.
- Project reports are due May 7. However, that will make me late in reporting
grades, which could be an issue for graduating students. Let me know if you
plan to graduate this June. If so, I need you to get your report to me by
May 3 at the latest, or I can't promise your grade will register in time.
- The course meets Thursday 6-9pm, in Vari Hall 1005
Documents and links
Reserves and references
The following books are on reserve in Steacie Library
The following are also useful references. They are not on reserve, but York
has copies of all (not all in Steacie library however)
- Options, futures, and other derivatives by John Hull. This is
the standard reference for derivative pricing. Hull teaches at the University
of Toronto (Rotman)
- Fundamentals of actuarial mathematics by David Promislow. This is
a good reference for actuarial notation and models. Promislow is a Fellow
of the Society of Actuaries, and a retired faculty member at York.
- Mathematics of investment and credit by Sam Broverman. This
is a text we use for our undergraduate course on interest rates. Broverman
teaches at the University of Toronto (Statistics)
- Financial calculus: an introduction to derivative pricing
by M. Baxter and A. Rennie. A gentle introduction to the ideas of
- Are you a stock or a bond? Create your own pension plan for
a secure financial future by M.A. Milevsky. A nice survey
of how ideas from finance influence planning for retirement savings.
Milevsky teaches at Schulich. See also:
- The 7 most important equations for your retirement: the fascinating
people and ideas behind planning your retirement income
by M.A. Milevsky.
- The big short by Michael Lewis. A non-technical account of
what went wrong in the financial crisis.
- Global derivative debacles: from theory to malpractice
by L.L. Jacque. The history of the misuse of derivatives. See also
- Separating fools from their money: a history of American
financial scandals by S.B. MacDonald and J.E. Hughes