STAT W4840 - Theory of Interest

Institution:

Columbia University in the City of New York

Subject:

Description:

Prerequisites: MATH V1101 or the equivalent. Introduction to the mathematical theory of interest as well as the elements of economic and financial theory of interest. Topics include rates of interest and discount; simple, compound, real, nominal, effective, dollar (time)-weighted; present, current, future value; discount function; annuities; stocks and other instruments; definitions of key terms of modern financial analysis; yield curves; spot (forward) rates; duration; immunization; and short sales. The course will cover determining equivalent measures of interest; discounting; accumulating; determining yield rates; and amortization.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.columbia.edu

Phone Number:

(212) 854-1754

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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