Raginsheep
Active Member
- Joined
- Jun 14, 2004
- Messages
- 1,227
- Gender
- Male
- HSC
- 2005
Anyone doing the course next semester or know alot about it? Is it pointless for a actuarial/maths major?
How disappointing. I was looking forward to doing a challenging MATH course =(I did MATH2881 last year.
It had absolutely NO maths in it ... i have no idea why it is a maths course. It seems to me it should really be a finance course. You do learn stuff, but nothing really challenging which you cannot read up by yourself. The assessments are basically comprehension exercises from textbook or lecture notes. I wish I did another maths course instead or MATH2871, where you actually learn SAS.
The fact QR major requires a distinction average to stay in implies that the standard of students in the program is generally better, but it does not immediately imply the courses are harder nor the quality of the program is better.
Quantitative risk is meant to be mathematical, the textbook goes into detail on how VaR can be calculated parametrically. But the way it is taught means that you don't go through the maths, rather you go through pros and cons of using each methodology. Plus, with modern computer technology, most scenarios are simulated thousands of times to reach a solution rather than using analytical approaches. I suppose if you read up on it by yourself, you can learn loads more.How disappointing. I was looking forward to doing a challenging MATH course =(
Yeah, I just picked up the text today in the bookshop and it didn't look mathsy...Quantitative risk is meant to be mathematical, the textbook goes into detail on how VaR can be calculated parametrically. But the way it is taught means that you don't go through the maths, rather you go through pros and cons of using each methodology. Plus, with modern computer technology, most scenarios are simulated thousands of times to reach a solution rather than using analytical approaches. I suppose if you read up on it by yourself, you can learn loads more.
The most mathematical thing i did in this course was calculating skew and kurtosis...... wow.....