A Spiral Approach to Financial Mathematics

A Spiral Approach to Financial Mathematics lays a foundation of intuitive analysis of financial concepts early in the course, followed by a more detailed and nuanced treatment in later chapters. It introduces major financial concepts through real situations, integrates active learning, student focused explorations and examples with Excel spreadsheets and straightforward financial calculations. It is organized so sections can be read independently or through in-class guided-discovery activities and/or interactive lectures. Focusing on conceptual understanding to maximize comprehension and retention, using modern financial analysis tools and utilizing active learning, the book offers a modern approach that eliminates tedious and time-consuming calculations initially without underestimating the ability of readers.

"This book provides a practical, conceptually focused, and dare might I say, revolutionary approach to the coverage of Financial Mathematics. What makes the authors' approach unique is that standard topics are first presented in a manner appropriate for students without a Calculus background, and are later revisited to provide a complete and thorough coverage for more mathematically advanced students. Excel examples are masterfully included in every chapter to encourage students to explore a variety of topics which enhances intuitive feel and understanding of underlying concepts. Complete with carefully chosen questions to prepare students for SOA exams, this book is appropriate for all levels."—Donna Fengya, William Paterson University

"I like this book’s writing style because it is informal but engaging and because of its conversational expository style and its wealth of worked-out examples. This book is ideal not only for mathematics students but also for economics and business students who do not want to get lost in mathematical technicalities but aim at fully understanding the logic and the application behind it. All in all, this is a book which I have hoped to have for years."—Kie Van Ivanky Saputra, Universitas Pelita Harapan

"A Spiral Approach to Financial Mathematics takes an intuitive approach to classic actuarial material. This text makes it easy to understand and digest very technical concepts."—Ben Wacker, The Standard