21-370 Discrete-Time Finance
The course will have two mid-term exams and a final exam. The Exams will be closed book. Only specified calculators will be allowed. If you miss a scheduled exam, a makeup will be given with a significant penalty. In case of documented illness or family emergency or documented University sponsored trips the penalty will not apply.
The final exam has not yet been scheduled. It may take place as late as December 19. If you must make travel plans before the exam schedule is released, you should not plan to leave before then. No student will be allowed to take the final exam early.
Homework will normally be assigned weekly, with assignments due in class on Wednesdays. You may turn in your written homework at the beginning or end of lecture on the due date. Homework turned in after that will be regarded as late.
Late homework assignments will be accepted until solutions to the problem set are provided, usually a few days after the original due date. The first late homework will be given full credit. Thereafter, the late assignments will be penalized. The second will be given half credit, the third 1/3 credit, and so on. The tenth late homework and any subsequent late homeworks will be given no credit.
The final grade for the course will be determined by your performance on the homework and quizzes, the three midterm exams, and the final exam. The weights for computing your final average will be:
Homework 20% Midterms 50% Final exam 30%
Grade cutoffs for the Mid-term exams and Final exams will be determined after considering the grade distribution and the difficulty of the exam.
Grade cutoffs for final grades will be computed by averaging the grade cutoffs for each assignment, using the weights listed above.
When attending class, please act in a manner that maintains a positive learning environment. Avoid behavior that may be distracting to your classmates or your instructor.
You should schedule your activities in a way that allows you to arrive before the start of class, and remain throughout the entire class period. If it should be necessary to arrive late or leave early, please do so with a minimum of commotion. In particular, you should make an effort to sit near the door and at the end of a row.
At times during the course, you may need to talk to your neighbor to check a fact or clarify a point. Lengthy discussions, however, are to be avoided. If you find yourself involved in more than a brief exchange, you should consider raising your hand and asking your instructor to clarify the point. Chances are that you are not the only one feeling confused.
This is a very important topic, and one about which I feel quite strongly.
For the purposes of this course adhering to Carnegie Mellon's Statement on Academic Integrity means primarily one thing: making sure that work you turn in for credit is yours and yours alone.
This does not mean you can't work with other students. Indeed I strongly encourage you to form study groups. Working together to find solutions to homework problems or while studying for exams benefits everyone involved. When someone explains something to you, you gain the benefits of their understanding. Explaining topics to another student forces you to clarify your own ideas.
It is clear that when an exam begins collaboration stops, and each student works alone to complete the problems. But what does it mean for a homework paper to be "your own work"? Once you have found a solution, you should write it up by yourself. You may need to refer to notes you have taken while collaborating, but you should not be referring to other peoples written work while producing your own.
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This table does not address every situation. If you have any questions about a situation not addressed here, consult with your instructor or TA.
Now proceed to the First Homework Assignment