uwloo

ACTSC 970Finance 1

Units
0.50
Level
Graduate
Faculty
Mathematics
Subject
Actuarial Science
Cross-listed
ACC 770

When it runs

  1. F24
  2. W25
  3. S25
  4. F25
  5. W26
  6. S26
  7. F26
  8. W27
  9. S27

Ran in 3 of the last 7 terms. Winter 2027: not on the schedule. Spring 2027: schedule not out yet.

The course introduces options and other derivative securities in different asset classes. The main focus is on methods of pricing in a multi-period setting, but continuous-time models are also discussed. Topics may include no-arbitrage pricing theory, the fundamental theory of asset pricing, complete and incomplete markets,and pricing of complex financial instruments.

Prerequisites

None listed.

Antirequisites

None listed.

Leads to

No course lists it as a requisite.

Fall 2026 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 001619818 / 45TTh 10:00–11:20

Reviewed on UW Flow

100% liked it

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Discussed on r/uwaterloo

9 posts and comments in 8 threads mention ACTSC 970, May 2016 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.

Spring 2021

Spring 2020

Winter 2018

Stat or Actsc course recommendation for Mathematical Finance? 1 point, 2 comments

“I was planning out and I have a space for one extra course. Anybody have recommendation?”

u/YueZhang: “It depends on your goal/objective. If you want some practical things you may consider STAT440/441, if you want to taste more theories you can try to override some 9xx courses (STAT901 for measure theory based probability or ACTSC970 for pricing theory)”

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Fall 2017

PSA: UWCourseLinker back up, disabled by default, call with [[course code]] 39 points, 31 comments

u/RayDWatson: “… [[ACTSC936]] [[ACTSC961]] [[ACTSC963]] [[ACTSC964]] [[ACTSC965]] [[ACTSC966]] [[ACTSC970]] [[ACTSC971]] [[ACTSC972]] [[ACTSC973]] [[ACTSC974]] [[ACTSC980]] [[ACTSC991]] [[ACTSC992]] [[ADMGT601]] [[ADMGT602]] [[ADMGT603]] [[ADMGT604]] [[ADMGT605]] [[ADMGT606]] [[AFM101]] …”

u/UWCourseLinker: “… Risk Management ACTSC 965 - Extreme Value Theory ACTSC 966 - Aggregate Claims Models ACTSC 970 - Finance 1 ACTSC 971 - Finance 2 ACTSC 972 - Finance 3 ACTSC 973 - Portfolio Optimization ACTSC 974 - Financial Econometrics ACTSC 980 - Social Insurance ACTSC 991 - Topics in …”

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Any way to disable UWCourseLinker from posting? 16 points, 26 comments

“posting a reply to my comment I find the bot annoying.”

u/Jackhofmann: “PSYCH 483 PSYCH 484 PSYCH 485 PSYCH 486 PSYCH 490R PSYCH 499A PSYCH 499B PSYCH 499C PSYCH 621 PSYCH 630 PSYCH 677A PSYCH 704A PSYCH 704B PSYCH 707 PSYCH 710 PSYCH 714 PSYCH 717 PSYCH 720A PSYCH 721A …”

u/Jackhofmann: “… ACTSC 446 ACTSC 462 ACTSC 611 ACTSC 612 ACTSC 613 ACTSC 614 ACTSC 615 ACTSC 845 ACTSC 846 ACTSC 970 ACTSC 972 ACTSC 974 ACTSC 991 AFM 101 AFM 102 AFM 123 AFM 131 AFM 202 AFM 203 AFM 204 AFM 231 AFM 272 AFM 273 AFM 291 AFM 321 AFM 323 AFM 328 AFM 329 AFM 333 AFM 341 AFM 344 AFM …”

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Winter 2017

How much to you think actsc 446 will be curved? 3 points, 25 comments

“Waiting for the final grades, really scared... It was the worst final out of 40 courses I've ever written. I feel like it could be my lowest grade.”

u/Postmodernist_Cancer: “Idk. I am disappointed with this course in general. When the second midterm came back I felt the marking was harsh. I made some small mistakes that ended up being a lot of marks taken off. …”

u/Postmodernist_Cancer: “… Why didn't you just take ACTSC 970, though? "Finance 1"? It's probably the same idea but not taught so haphazardly I'd assume. And yea I'm pretty mad that this is going to tarnish my transcript now too. …”

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Fall 2016

[Serious] Why is Laurier calculus harder than waterloo? 13 points, 64 comments

“Laurier has a few calculus classes but I'm just going to be talking about the regular calculus (not the business one, ma 129). I will be comparing ma 103 (second half of 110) with math 127/137 at uw. …”

u/Huex3: “… If anything, I'm curious to knowing why uWaterloo does not have a STAT902/ACTSC970/971 equivalence for undergraduate students like Laurier does (MA351, 370, 470). …”

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Spring 2016

What are y'all taking for electives? 3 points, 23 comments

“Thought about it and probably going to actually learn some Chinese (parents are Chinese) by taking CHINA 120R. How bout you guys?”

u/Huex3: “I only have 3 courses left and they should not have conflicts, so STAT 441 and PMATH 453 (unknown if I will go through with that), and hopefully with permission to ACTSC 970 are my electives.”

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Check it elsewhere for Fall 2026

Calendar versions

Graduate Calendar

Older Graduate Calendars

In 42 terms, Fall 2006 to Winter 2024