Applied Mathematics for Personal Finance: Draft Edition Winter 2015, Paperback

Description

Applied Mathematics for Personal Finance provides a general introduction to the ways that mathematics can be applied to personal financial decision-making. This book is suitable for college students with no previous background in economics or finance; only familiarity with high school algebra is assumed. This book demonstrates how you can utilize math skills you already know in application areas that may be unfamiliar; it also introduces some new math skills that you can apply to familiar problems. The book emphasizes the development and application of the economic life-cycle model as the framework for evaluating all of your personal financial decisions. Economists, including six Nobel Laureates, have spent close to a century developing the concept of life-cycle consumption smoothing. "Smoothing" refers to the need to spread your economic resources over your lifetime, taking into account that your future is highly uncertain.

About the author

Aaron is a Senior Lecturer in the College of Arts and Sciences at Boston University, with appointments in the Department of Computer Science, and the Department of Mathematics. Aaron's teaching includes courses in computer programming, computer literacy, and applied mathematics for personal finance. Aaron is the holder of an undergraduate degree in business from Indiana University; a master's degree in computer science from Boston University; and a master's degree in finance from Boston College.