On Tuesday, I will be giving a mathematics tutorial, and this will be followed up with a statistics tutorial on Thursday. Although there are no assigned readings for this week, I highly recommend that you download, print, and read these materials prior to coming to class.
In the math tutorial, I will review elementary principles of calculus which you should have covered in your calculus course at Baylor. The calculus is needed because I will make use of differentiation on a number of occasions (for minimizing or maximizing functions), as well as Taylor series expansions (the latter concept plays a particularly important role in the theory of risk aversion). Similarly, the statistics tutorial will review a number of elementary statistical principles that are important in the study of derivative securities; e.g., concepts such as expected values, variances, standard deviations, covariances, correlations, discrete and continuous probability distributions, the Central Limit Theorem, and the Normal Distribution.