Financial Mathematics

Course Requirements

ACC 105: Financial Accounting

The accounting cycle, from the analysis of business transactions through the preparation of the three basic financial statements: the income statement, balance sheet and the statement of cash flows; basic theory and practice with respect to accounting for assets, liabilities and equities; external uses of accounting information; interpretation of accounting data; analysis of financial statements; income and cash flow analysis. Prerequisite: MAT 096/099 or Mathematics Placement Exam Results.

ACC 106: Managerial Accounting

Utilization of accounting information for purposes of managerial control and decision-making; cost concepts; cost behavior analysis; cost-volume profit analysis; budgetary controls; responsibility accounting; standard costing; internal use of operational and financial accounting information; terminology; tools for pricing, product and investment decisions,; and capital budgeting. Prerequisite: MAT 096/099 or Mathematics Placement Exam Results.

BUS 240: Corporate Finance Fundamentals

Introduction to the theoretical concepts of corporate finance. The course focuses on the management of working capital, cost of capital, capital budgeting and capital structure planning. The course also provides an overview of money and capital markets. Prerequisite: ACC 105, MAT 098/100.

BUS 305: Quantitative Methods in Business

An introduction to quantitative methods used in business decision-making. Topics include probability and statistics, linear regression, linear programming, project scheduling, transportation and inventory models. Required Prerequisites: 124, MAT 103 or MAT 115, and junior status.

BUS 327: International Finance

Introduction to principles, practices and institutions involved in acquisition, transfer and administration of funds in the international financial environment. Financial markets for international operations, uses of the foreign exchange market, business implications of exchange rate changes, and the future of the international monetary system. Prerequisites: ACC 106, ECO 204.

BUS 340: Investments

An in-depth analysis of investment planning of individuals and institutions; analysis of securities, functions and operation of securities markets. Overview of regulations and the role of the government in the securities markets. Prerequisite: 240.

BUS 355: Internship

ECO 101: Introduction to Macroeconomics

Institutions and functioning of capitalism; national income and its determination; monetary and fiscal policy; international economics; and problems of growth and development. CC

ECO 102: Introduction to Microeconomics

The mechanisms by which resources are allocated in a market system, and study of modifications to account for imperfections in the system. Topics include demand, production and cost, theories of business behavior and consumer behavior, market performance in the U.S. economy and comparative economic systems. CC

ECO 204: Money and Banking

Money, commercial banking, the Federal Reserve system, unemployment, inflation, Growth, monetary policy and international monetary problems. Prerequisite: 101.

MAT 115: Introductory Statistics

A course in basic statistical concepts and techniques for the non-mathematics major. Topics include descriptive statistics, measures of central tendency and dispersion, probability theory, standardized probability distributions, correlation and regression, inferential statistics, confidence intervals, hypothesis testing and analysis of variance. Prerequisite: 098/100 or Mathematics Placement Exam results. NS

MAT 130: Calculus I

Review of functions and introduction to the concepts of limits, differentiation and integration. Use of the derivative and analytic geometry for sophisticated graphing of functions and relations. Application of the derivative and definite integral to the study of problem-solving techniques in the physical sciences. Prerequisite: 110 or Mathematics Placement Exam results. NS

MAT 140: Calculus II

Continuation of the study of the derivative and definite integral for problem-solving, involving more challenging functions. Topics include techniques of integration, improper integrals, numerical approximation techniques, conics, sequences and series, and polar coordinates. Prerequisite: 130. NS

MAT 205: Discrete Math

An introduction to basic techniques and modes of reasoning for discrete problem-solving. Topics include set theory, mathematical logic, mathematical induction, number theory, recurrence relations, counting, graphs and lattices. Prerequisite: 103 or Mathematics Placement Exam results. FT

MAT 320: Ordinary Differential Equations

Introduction to ordinary differential equations, existence and uniqueness theorems; methods of solving first-order equations and second-order linear equations. Prerequisite: 140. NS, FT

MAT 325: Mathematical Studies

Study of probability theory and introduction to mathematical statistics. Topics include random variables, central-limit theorem, hypothesis-testing, regression, analysis of variance and analysis of covariance. Prerequisites: 115, 140. NS, FT