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Posted: Monday, January 30, 2012New Course in Applied Math/Banking: ACM 590 (Five Weeks, 1 Credit, February 29-April 11)
ACM 590: The Subprime Mortgage Crisis and Markov Chain Models in Credit Risk Management. This five-week, 1-credit course offered by the professional applied and computational mathematics program (PACM) will meet on Wednesdays at 6:30 p.m. from February 29 to April 11.
ACM 590 is an introduction to mortgage lending and the practice of measuring and managing consumer credit risk. Students will be introduced to Markov chain theory and SAS programming while reliving the collapse of the U.S. mortgage industry in 2007 and 2008 and understanding the origins of the Great Recession.
Prerequisites: Linear Algebra, Statistics I and II, and Introduction to Programming (or instructor permission). Suggested coursework: Intermediate Microeconomics, Intermediate Macroeconomics.
Monday, February 6, 2012
Monday, February 13, 2012
