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Catalog 2012-2013
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Mathematics, B.S. Financial Mathematics Concentration (MAFN)
Requirements List for 2012-2013
About the School of Arts and Sciences - About the Department of Mathematics - Major Program
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ACCT 2103   Principles of Financial Accounting
An introduction to the accounting process, with emphasis on identifying, recording, classifying, and interpreting transactions and other events relating to proprietorships and partnerships. Class 3.
 
ACCT 2113   Principles of Managerial Accounting
A continuation of ACCT 2103, examining accounting procedures for corporations, financial statement analysis, and managerial uses of accounting data. Class 3. Prerequisite: ACCT 2103.
 
BIBL 1033   Biblical Literature
This survey provides an overall perspective for understanding the Bible within its historical and cultural setting. The course will focus on the reading of significant portions of the Bible so that students may grasp the framework and themes of the Old and New Testaments as well as the relationship between the Testaments. Throughout the course students will also develop skills in interpreting and applying the Bible to contemporary situations. Class 3.
 
BIBL 1043   Biblical Foundations For Living (L)
An introductory course highlighting the relationship between Biblical teaching and contemporary Christian living. This initial experience in the integration of faith and learning focuses on principles of Biblical interpretation and application. Students learn how to interpret core Biblical passages so as to give guidance for some of the tough issues Christians face today. Class 3.
 
BIBL     Jr.-Sr. Level Elective
Any Junior or Senior (3000 or 4000) level Bible (BIBL) course. Class 3.
 
BIBL     Jr.-Sr. Level Elective
Any Junior or Senior (3000 or 4000) level Bible (BIBL) course. Class 3.
 
BUSI 3403   Business Ethics
This course involves a study of management/business policies and practices as they relate to contemporary moral and ethical issues in the work place. It includes an examination of issues such as equity and fairness, individual privacy rights, corporate social responsibility, moral aspects of capitalism, equal employment opportunities, sexual harassment, and others. Stress is placed upon historic Judeo-Christian ethical principles and their application to clarify personal values and improve management decision making. Class 3. Prerequisite: Junior or Senior standing. MGMT 2303. (Fall)
 
BUSI 3423   Business Research Methods
The focus of this course is on using business forecasting for managerial decision making. Topics include data analysis, reviewing of inference, distributions, and descriptive statistics, and collection and presentation of data. Statistical techniques covered include auto regression, ANOVA, linear and multiple regression, nonparametric tests, and other advanced statistical techniques. Students will learn to use forecasting techniques such as moving average, exponential smoothing among other to forecast profits and sales. Use of statistical software such as SPSS, Minitab, or Excel is included. Class 3. Prerequisite: BUSI 2503 with a grade of C or higher.
 
COMM 1113   Introduction To Speech Communication
A study of basic oral communication principles, including verbal and nonverbal language, listening, group dynamics, and public speaking. Emphasis is upon application of these principles in the sending and receiving of different types of oral discourse. Class 3.
 
COSC 1303   Computer Science I
An introduction to the field of computer science. Problem solving strategies, basic data structures, and an introduction to algorithms in the context of a modern programming language. A first course in programming with an emphases on scientific and engineering applications. Class 2. Lab 1.
 
ECON 2103   Macroeconomics
An introduction to the nature and theory of Economics and the theoretical tools of macroeconomics. The course includes the introduction of supply and demand, examination of national income accounting, the role of government to include fiscal and monetary policy, the American banking system, and international trade. Class 3. (Fall)
 
ECON 2203   Microeconomics
A study of microeconomics beginning with demand and supply theory and continuing with examination of the costs of production, price and output determination under pure competition, monopoly, oligopoly, and monopolistic competition (the study of price-taking and price-searching firm). Class 3. (Spring)
 
ENGL 1013   English Composition I
A study of effective writing, reading, and speaking. Emphasis is on effective personal and expository writing. (This course must be completed before reaching Junior standing.) Class 3. Prerequisite: Qualification on ACT or SAT exam or completion of ENGL 1004 with a grade of D..
 
ENGL 1023   English Composition II
A study of argumentation/logic and writing for the professions with an emphasis on using the personal computer to plan, draft, and revise written projects. Each student is required to write a fully documented research paper and give oral presentations in class. (This course must be completed before reaching Junior standing.) Class 3. Prerequisite: Completion of ENGL 1004 with a grade of C or better or ENGL 1013..
 
ENGL 3213   Technical Writing
A study of effective technical writing and document design for a variety of business and industrial applications, including instructions, online help, reports, proposals, and web sites. Includes instruction and practice in both print and electronic formats, with particular emphasis on the latest publishing technologies. Class 3. Prerequisite: ENGL 1023. Prerequisite or Corequisite: ENGL 1023 (Fall, Even years)
 
ENGL     Literature Elective
Any ENGL 2000+ level courses <b><u>except</u></b>:
ENGL 2011 Applied Journalism
ENGL 2603 Creative Writing
ENGL 3213 Technical Writing
ENGL 3223 Advanced Grammar and Composition
ENGL 3403 Journalism-Publications
ENGL 3413 Visual Literacy
ENGL 3931 English Internship
ENGL 4023 Writing for Digital Media
ENGL 4913 Literary Criticism
ENGL 4923 History of the English Language
ENGL 4931 Digital Writing Practicum
Class 3.
 
FINC 3113   Financial Management
A study of financial strategy in the processes of obtaining and managing funds of the corporation. Included are cash flow and working capital management, capital financing models, dividend and stock policy, and the examination of expansions and mergers. Class 3. Prerequisite: ACCT 2103.
 
FINC 3203   Financial Risk Management
This course provides a survey of risk, financial risk and banking. It provides a systematic approach to financial risk management considered by financial institutions and corporations. Students are expected to learn and apply financial risk concepts such as interest rate risk, credit risk, market risk, default risk, and duration. Various traditional and modern risk evaluations will be covered such as credit scores, re-pricing, VAR (Value at Risk), and credit metrics . Class 3. Prerequisites: ECON 2103, FINC 3113, and BUSI 3423. (Fall, Even years)
 
FINC 3403   Investments
This course is designed to serve investors who are or will be actively developing and monitoring investment portfolios. Techniques, methods, and strategies for implementing investment goals are examined in a portfolio and risk/return trade-off context. Topics include an overview of personal finance and investment, mutual funds, commodities, and other investment vehicles. Class 3. Prerequisites: ECON 2103, FINC 3113, and BUSI 3423. (Fall, Odd years)
 
FINC 4203   Advanced Finance
This course provides an introduction to the fastest growing areas in finance such as fixed-income securities, derivative securities and financial applications. The study of derivative securities provides the student with a robust understanding of options and futures in the market. Upon successful completion of this course, the student is expected to possess a working knowledge of issues regarding both valuations and applications of derivative securities. This course may also include other special topics in financial management. Class 3. Prerequisites: ECON 2103, FINC 3113, and BUSI 3423. (Spring, Even years)
 
FINC     Finance Electives
Finance Electives may be chosen from:
ECON 3103 Money and Banking
FINC 3203 Risk Management
FINC 3403 Investments
FINC 4203 Advanced Finance
FINC 4303 International Finance.
Class 3.
 
HIST     History Elective
Any History (HIST) course. Class 3.
 
KINE     Physical Activities
Offerings include: aerobics, archery, action games, badminton, basketball, bowling, fitness, flag football, golf, racquetball, scuba diving, soccer, swimming, tennis, volleyball, weight training, etc. (Half of semester.) Class 1.
 
KINE 1512   Concepts Of Lifetime Fitness
General studies requirement under Kinesiology. The course examines various concepts of health and physical fitness with the purpose of encouraging the student to establish positive patterns of activity and healthful living. Class 2.
 
LETU 1101   Cornerstones Of Life And Learning (L)
This course introduces students to the LeTourneau University community and prepares them for the pursuit of whole person education and lifelong learning. It helps students explore and learn how to fulfill God's unique design for their lives through a holistic approach that establishes four essential cornerstones of life and learning: personal, intellectual, spiritual, and community development. Class 1.
 
MATH 1903   Calculus I
An introduction to calculus with emphasis on concepts and principles. Topics studied include limits, derivatives, applications of derivatives, and antiderivatives. Class 3. Prerequisites: MATH 1252 and MATH 1303, or equivalent. Minimum grade of 'C' required.
 
MATH 2013   Calculus II
A continuation of MATH 1903 including techniques and applications of integration, polar coordinates, and infinite series. Class 3. Prerequisite: MATH 1903. Minimum grade of 'C' required.
 
MATH 2023   Calculus III
A continuation of MATH 2013 including parametric equations, vectors, vector functions, partial derivatives, multiple integrals, and vector analysis. Class 3. Prerequisite: MATH 2013.
 
MATH 2203   Differential Equations
Solutions, properties, and applications of ordinary differential equations, including the use of Laplace transforms and Fourier series. Class 3. Prerequisite: MATH 1613 or MATH 2013.
 
MATH 2503   Logic, Sets and Proofs
This course is a study of mathematical logic, set theory, and methods of proof. It is a transition course for mathematics majors from problem solving of lower level courses to proving in upper level courses. Class 3. Prerequisite: MATH 2013. (Spring) Minimum grade of 'C' required.
 
MATH 3303   Linear Algebra
A study of systems of linear equations, matrices, vector spaces, linear independence, bases, dimension, linear transformations, determinants, eigenvalues, and geometric applications. Class 3. Prerequisite: MATH 1613 or MATH 2013.
 
MATH 3404   Statistics and Quality Control
A study of elementary concepts and techniques of statistics and application of statistics to industrial processes including representations of data, statistical measures, fundamentals of probability, distribution laws, statistical tests, chart analysis, construction and analysis of control charts, statistical aspects of tolerances, analysis of variance, factorial designs, and response surface methods. Class 4. Prerequisite: MATH 2013.
 
MATH 3453   Statistical Methods
A continuation of MATH 3403 Statistics. Topics covered are linear, multiple, and nonlinear regression; one-factor experiments, fixed and random models, two-factor experiments, three-factor experiments, factorial experiments, fractional factorial experiments, and Taguchi techniques. Class 3. Prerequisite: MATH 3403. (On Demand)
 
MATH 3703   Abstract Algebra
An introduction to algebraic structures including groups, rings, and fields. Class 3. Prerequisites: MATH 2503 and MATH 3303. (Spring)
 
MATH 3803   Financial Mathematics
Topics include: annuities, yield rates, amortization schedules and sinking funds, bond and other securities, pricing and risk-neutrality, options and their properties, stochastic models, and options. Class 3. Prerequisite: MATH1613 or MATH 2013. (On Demand)
 
MATH 4103   Real Analysis
A more rigorous study of topics beyond the intermediate level from the calculus including the real number system, point sets, functions, sequences, limits, continuity and uniform continuity, differentiation, indeterminate forms, and the Riemann integral. Class 3. Prerequisites: MATH 2503. (Fall, Odd years)
 
MATH 4233   Stochastic Processes
This course focuses on the qualitative and quantitative behavior of stochastic models. Topics include: Markov chains, Markov processes in discrete and continuous time, diffusion processes, Brownian motion and transformations of Brownian motion, stochastic differential equations. Class 3. Prerequisites: MATH2203 and MATH3404. (On Demand)
 
MATH 4653   Actuarial Mathematics
This course considers individual and collective risk models, survival distributions and life contingency tables, and models for life insurance and multiple life functions. Class 3. Prerequisite: MATH 3453. (On Demand)
 
MATH 4903   Senior Seminar
This capstone course provides a summary of the mathematics major leading to an investigation of the Christian view of mathematics. The student will write a research paper developing his/her own philosophy of mathematics. Class 3. Prerequisite: senior graduating within one semester. (Fall)
 
      Lab Science Elective
May be chosen from:
BIOL 1014 Life Science
PHYS 1014 Physical Science
PHYS 2514 Astronomy
CHEM 1113 CHEM 1111 General Chemistry I, Lab
CHEM 1123 CHEM 1121 General Chemistry II, Lab
PHYS 1113 PHYS 1111 General Physics I, Lab
PHYS 1123 PHYS 1121 General Physics II, Lab
PHYS 2013 PHYS 2011 University Physics I, Lab
PHYS 2023 PHYS 2021 University Physics II, Lab
GEOL 1114 General Geology I
GEOL 1124 General Geology II
Class 3. Lab 1.
 
      Lab Science Elective
May be chosen from:
BIOL 1014 Life Science
PHYS 1014 Physical Science
PHYS 2514 Astronomy
CHEM 1113 CHEM 1111 General Chemistry I, Lab
CHEM 1123 CHEM 1121 General Chemistry II, Lab
PHYS 1113 PHYS 1111 General Physics I, Lab
PHYS 1123 PHYS 1121 General Physics II, Lab
PHYS 2013 PHYS 2011 University Physics I, Lab
PHYS 2023 PHYS 2021 University Physics II, Lab
GEOL 1114 General Geology I
GEOL 1124 General Geology II
Class 3. Lab 1.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      Fulfill English Proficiency Requirement
All students must demonstrate proficiency in English by passing either the English Proficiency Examination or ENGL 1001 English Review. Completion of this requirement by exam must take place before a student reaches senior status, otherwise ENGL 1001 must be taken every semester after reaching senior status until successfully completed.
 
Total Hours: 127