Higher-Level Actuarial Science Courses for Fall 2007
This is a list of high level courses in the domains of actuarial science and financial mathematics.
You can also look at the list
of high level courses in pure and applied mathematics.
Description:
This is a thorough introduction to probability
theory that uses Calculus (Math 112-114 or Math 115-116, and Math
210).
We cover the following: combinatorial analysis (permutations,
combinations); basic set-up (sample space, events, axioms of
probability); conditional probability (Bayes rule), independence;
random variables (discrete and continuous); cumulative distributions,
densities; expectation, variance, moment generating functions; jointly
distributed random variables; limit theorems (Central Limit theorem,
weak law of large numbers).
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Description:
Description: Regression and time series applied to actuarial science. The course covers the learning objectives established by the Society of Actuaries for Validation by Educational Experience in Applied Statistics.
Taught by: [TBA]. Meets: 11:00-120:15 TuTh
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Description:
This course is designed to help students prepare Exam FM administered by the Society of Actuaries. This examination tests a student's knowledge of the theory of interest and financial economics at an introductory level.
Taught by: John Dinius. Meets: 3:30-4:20 TTh
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Description:
This course is designed to help students prepare for the first actuarial examination. This first examination tests a student's knowledge of the fundamental probability tools for quantitatively assessing risk. A thorough command of probability topics and the supporting calculus is assumed. Additionally, a very basic knowledge of insurance and risk management is assumed.
Taught by: [TBA]. Meets: 4-4:50 MW
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Description:
Description: This course is a foundation course in derivatives for students who have a strong mathematical background and have mastered the topics covered in Math 285. It covers such topics as forwards, option, swaps, binominal asset pricing model, Black-Scholes option pricing model and interest rate models
Taught by: Louis J. Lombardi. Meets: MWF 9-9:50 MWF
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Description:
The goal of financial mathematics is to provide an understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, duration calculation, asset/liability management, investment income, capital budgeting and valuing contingent cash flows. This course helps the student prepare for the second actuarial examination.
Taught by: Louis J. Lombardi. Meets: 1-1:50 MWF
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Description:
Actuarial mathematics provides the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. The student will be required to understand, in an actuarial context, what is meant by the word "model," how and why models are used, their advantages and their limitations. The student will be expected to understand what important results can be obtained from these models for the purpose of making business decisions, and what approaches can be used to determine these results.
Taught by: Rachel Brown. Meets: 3-5:20 M and 3-4:15 W
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Description:
The primary goal is to develop a sound understanding of the theory and practice of corporate finance. Another goal is to cover the finance and investment learning objectives established by the Society of Actuaries in order to qualify for validation by educational experience for Corporate Finance.
Taught by: James Bridgeman. Meets: 3-4:45 MWF
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