A typical fortnight's work will consist mainly of reading a course unit and working through the exercises that it contains.

Each unit has continuous assessment associated with it. There are three assignments, of which the best two will count towards your final score. The course ends with a two-hour examination.

**3.1 Course units**

There are six course units. Each unit is divided into four to seven sections. A typical section might be studied in a single session (in an evening, for example). Each unit begins with an introductory section that asks you to recall what you learned in a prerequisite course or from previous units as you begin to study the current one, and also gives advice on which sections may be most or least time-consuming. Towards the end of the unit, you will find a short Summary section that reminds you of the operations you should be able to do as a result of having studied the unit. This will help ensure that you have mastered the contents of one unit before moving on to the next.

**Examples and self-tests**

The course units contain various types of questions for you to work through as part of your study.

First, there are examples, which show you how to carry out some techniques or methods. The solution to an example is given in the text immediately below it; your task is to read and to follow the workings of the problem in order to learn how to apply that technique yourself.

Next, self-tests are designed to give you practice in achieving what the preceding text has taught you. You should attempt to solve these by yourself, consulting the solutions (which are given at the back of the unit) only in order to check that your own answer is correct. If you are stuck, look at the solution as a last resort, but look at just enough of it to see how to proceed, before returning to complete the rest of the solution of the problem for yourself. It cannot be emphasized too strongly that doing self-tests in this way is an essential part of studying mathematics; nobody learns much mathematics just by reading texts.

You should try each example within a section as you come to it. At the end of most sections you will find additional self-tests that provide extra practice if you need it; these self-tests may be a little more demanding than the majority of the exercises within the sections. You may regard these self-test exercises as optional, but it is recommended that you do as many of them as you can find the time for.

**3.2 ***MATH S390* Handbook

This is designed as a work of reference, and provides a convenient source of basic definitions and formulas for use throughout the course. In addition, you will be given a handbook in the examination room.

The Handbook has two main components: a collection of useful formulas and definitions, many of which you will have come across already in prerequisite courses, and summaries of the main concepts, definitions and techniques in each of the course units. The Handbook also summarizes particular formulas from the course which need to be called upon regularly, for rapid reference.

It is a good idea to start using the Handbook right from the beginning of the course so that you become familiar with its contents.

**3.3 Stop press notices**

The stop presses act as a course newsletter containing useful and often essential information such as errata and details of tutorial arrangements. It is important that you read each stop press as soon as you receive it. These notices are also posted in the Online Learning Environment (OLE).

**3.4 The Online Learning Environment (OLE)**

The Online Learning Environment User Guide (http://ole.hkmu.edu.hk/help.html) explains to you the hardware and software requirements for you to access the course electronically. It also helps you to use the components in the OLE. Through the OLE, you can get more information on the course and communicate with other students and tutors of the course.

**3.5 Academic Timetable**

This gives the starting date for each unit, the dates when assignments are due and weekends when tutorials are scheduled.

**3.6 Tutorials**

Dates for tutorials are given in the Presentation Schedule. Other details, such as tutorial venues and exact timing, will be given to you through emails and the OLE. Attend tutorials to meet your tutor and the other students on the course. Be active in sharing your views in tutorials.

**3.7 Assessment**

The course has both a continuous assessment and examination assessment component.

The distribution of marks on these assessments towards the overall course score is set out in the following table.

**Assessment type** | **Weighting of the course score** |

Tutor-marked assignments | 30% |

Final examination | 70% |

Total | 100% |

You will be awarded the full five credits for *MATH S390* if you can get at least 40 marks on both the OCAS and the examination. Read the *Student Handbook* for information on the awarding of course results.

**Assignments**

There are three assignments for the course, of which the best two results will count towards your final score. Since these assignments are important for you to secure the concepts you have learned in the study units, you will be required to submit all three of the assignments. Upon receiving assignments from the students, tutors will be required to mark the assignments and return them to students with their comments and feedback.

The assignments will require you to:

- perform the derivation of a continuous model;
- apply a theorem and solve the given model;
- analyse case studies in order to value a option; and
- complete a computer project using Excel.

The marks for the best two tutor-marked assignments will be distributed as follows:

** ** | **Coverage** | **Weighting of the assignments** |

Assignment 1 | This assignment covers *Units 1–2*. There will be 3–4 problem-solving exercises. | 15% + 15% (best 2 of 3 assignments) |

Assignment 2 | This assignment covers *Unit 3–4*. There will be 3–4 problem-solving exercises. |

Assignment 3 | This assignment covers *Units 5–6*. There will be 3–4 problem-solving exercises. |

**Examination**

The two-hour final examination for *MATH S390* will be 'closed book', with the exception of the course Handbook. The examination is worth 70% of the total marks for the course. The exam paper will be divided into two parts:

- Part I will contain some short questions that assess your general knowledge of the course material from all units.
- Part II will comprise more challenging long questions based on a problem-solving approach. The questions will assess your skills in quantitative modelling; in applying certain models to measure the financial risk problems; and in concluding results for recommendation.

Questions in assignments and in the examination carry both *accuracy marks and method marks. *You should therefore, as a general practice, show all your work to solve each problem.

We expect you to leave numbers like p and Ö2 as they are, but you should simplify expressions such as sin (p/2). If you need to use decimal fractions at any time, two decimal places will normally be sufficient.

**3.8 Calculators and mathematics software**

You can use a calculator, mathematics software such as Scientific Notebook, or spreadsheet software such as Microsoft Excel to evaluate mathematical functions such as exponential, logarithmic, trigonometric (and their inverses) and hyperbolic (and their inverses) functions when you study the course.

Calculators are allowed in the examination. The University has a List of Approved Models of Calculators so that students realize what types of calculators are allowed in the examination. This List is updated according to the types of calculators approved by the Hong Kong Examinations and Assessment Authority. You will receive the List from Registry before the examination.

You are not allowed to use a non-approved calculator or a calculator without the 'HKEA/HKEAA Approved' label in the examination. For your early information, a copy of the approved calculator list is attached at the back of this guide.