Graduate Catalog 2010-12

Actuarial Science

Note: Additional work will be required for graduate credit in 400-level courses.

ACTL 480       Topics in Actuarial Science                                                               1 TO 3
Prereq.:  Permission of instructor. Topics chosen from theory of interest, risk theory, demography, and graduation. Irregular. 

ACTL 481       Review-SOA/CAS Course I                                                                         3
Review and extension of the principles of calculus and probability as related to the material on the SOA/CAS Course 1 exam. Spring. 

ACTL 482       Review-SOA/CAS Course II                                                                        3
Prereq.: ACTL 335 and permission of instructor. Review and extension of the principles of theory of interest, economics, and finance as related to the material on the SOA/CAS Course 2 exam. Spring. 

ACTL 564       Mathematics of Financial Derivatives                                                       3
Prereq.:  Admission to the M.A. in mathematics with specialization in actuarial science or permission of the instructor.  Study of mathematical models used to value financial derivatives. Includes both discrete time models such as binomial trees and simulation as well as continuous time models based upon Brownian moiton and Ito's lemma. Fall.

ACTL 565       Graduate Actuarial Models I                                                                      4
Prereq.:  Admission to M.A. program in Mathematics with specialization in Actuarial Science. Models the valuation of life contingent payments. Specific topics include survival models and life tables and their use in the calculation of net premiums and reserves. Multiple life and multiple decrement models are introduced. This is a link course with ACTL 465. Not open to students who have passed ACTL 465. Fall.

ACTL 566       Graduate Actuarial Models II                                                                    4
Prereq.:  Admission to M.A. program in Mathematics with specialization in Actuarial Science. Frequency and severity models, compound distribution models, stochastic process and ruin models. This is a link course with ACTL 466. Not open to students who have passed ACTL 466. Spring.

ACTL 580       Advanced Topics in Actuarial Science                                                      3
Prereq.:  Permission of instructor. Seminar in risk theory, basic actuarial principles, actuarial models, actuarial modeling, or other advanced topic. May be repeated under different topics for a maximum of 6 credits. Irregular.

 

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