Course Catalog

Actuarial Science  
List of all courses and their descriptions
List of all courses, their descriptions and offerings in the schedule book

ASCI2010 - Fundamentals Of Actuarial Sci Summer 2013 This course is directed both to majors and non-majors of Actuarial Science. The course is designed as a survey of the professional field of actuarial science, as certified by the Society of Actuaries and the Casualty Actuarial Society. The role of actuarials in the financial evaluation of risk in strategic management decision-making is emphasized. Introduction to the roles of linear algebra, statistics and probability, risk theory, and actuarial mathematics to topics of pricing, loss reserving, and insurance accounting are included. Field experiences, guest lecturers, and computer assignments are part of the learning experiences required for the course. 3 credits Prerequisite: MATH2070 or concurrent 3 Credits

ASCI3000 - Actuarial Seminar I Summer 2013 Actuarial Seminar I is a capstone seminar on topics from calculus, mathematical statistics, and insurance and risk management. It challenges the students preparation for the Course 1 examination of the Society of Actuaries. Based on a sound foundation in Calculus 1 through III and mathematical statistics, the theory will be applied to problem solving, using classification and other approaches. Prerequisites: COSK2220 and STAT3140 3 Credits

ASCI3100 - Theory Of Interest Summer 2013 This course helps the student to become familiar with the basic mathematical principles underlying the mathematics of finance. Mathematical fundamentals of interest, certain annuities, yield rates, bonds, mortgages and other loans, depreciation, duration, and immunization are presented. Software proficiency in word processing is required. Prerequisite: MATH2070 or permission of departmental head. 3 Credits

ASCI3150 - Financial Mathematics Summer 2013 This course provides a systematic development of the mathematical models most frequently used in the study of corporate finance. The course builds on the valuation methods for cash flows developed in Theory of Interest and applies these methods to problems in corporate finance and investment theory. Models studied include dividend growth, the capital asset pricing model, protfolio theory, Modigliani-Miller theory, and Black-Scholes option valuation. Prerequisite: ASCI3100 3 Credits

ASCI4000 - Actuarial Seminar II Summer 2013 This course provides training in the theory of interest, finance, and economics as well as other material pertinent to the actuarial exam Course 2, jointly administered by the SOA and the CAS. The course is structured to allow students to engage in directed self-study in preparation for the exam. Class time will be used for discussion, analysis, bench-marking of progress, and as a general clearing-house for guidance on specific problems. A detailed "deconstruction" of the previous Course 2 exams will provide the central, organizing theme for the course of study. 3 credits. Prerequisite: ASCI3100 3 Credits

ASCI4100 - Life Contingencies I Summer 2013 This course helps the student to become familiar with the basic mathematical principles underlying contingent financial arrangements, emphasizing situation in which mortality is the contingent event and the instrument is life insurance. Mathematical fundamentals of survival distributions, life insurance, life annuities, net premiums, and net premium reserves are presented. Software proficiency in word processing is required. Prerequisites: ASCI3100, COSK2220, MATH2170 and STAT3150 or permission of departmental head. 3 Credits

ASCI4110 - Life Contingencies II Summer 2013 This course helps the student become familiar with the basic mathematical principles underlying various advanced contingent insurance arrangements. Concepts considered include multiple life functions, multiple decrement models, valuation theory for pension plans, and insurance models including expenses, non-forfeiture benefits and dividends. Software proficiency in word processing is required. Prerequisite: ASCI4100 or permission of department head. 3 Credits

ASCI4200 - Statistical Modeling I Summer 2013 This is the first of a two course sequence in statistical modeling that covers widely applicable (both actuarial and non-actuarial) methods in probability and statistics. These courses are designed to lay the mathematical foundations for students preparing for advanced professional actuarial exams. They also serve to provide and introduction to mathematical modeling techniques useful for a wider audience of quantitatively oriented students in business and finance, and science and engineering. Course ASCI4200 (AS410) consists of a comprehensive survey of probability distributions used in mathematical models, and the modeling of discrete and continuous time stochastic process, including Markov, compound Poisson and Brownian motion processes. 3 credits Prerequisites: STAT3140 and STAT3150 3 Credits

ASCI4210 - Statistical Modeling II Summer 2013 This is the second of a two course sequence in statistical modeling that covers widely applicable (both actuarial and non-actuarial) methods in probability and statistics. These courses are designed to lay the mathematical foundations for students preparing for advances professional actuarial exams. They also serve to provide an introduction to mathematical modeling techniques useful for a wider audience of quantitatively oriented students in business and finance, and science and engineering. Topics in AS411 include the evaluation of data for estimation and goodness-of-fit to models, simple and multiple regression models, time series, forecasting and data credibility models. Prerequisites: STAT3140 & STAT3150 3 Credits

ASCI4215 - Actuarial Topics In Pensions Summer 2013 This course is a survey of topics in pension and health as they relate to the practice of actuarial science as certified by the Society of Actuaries. Detailed presentation of actuarial calculations associated with legal requirements and liability issues of pension and health care benefit models and the characteristics of pension legal theory are contained in the course. Case studies and guest lecturers are part of the learning experiences required for the course. Prerequisite: STAT3140 3 Credits

ASCI4220 - Statistical Modeling III Summer 2013 This course is the third of a three course sequence in applied statistics. Topics include empirical credibility, interpolation and smoothing, and simulation. The course is designed for students preparing to sit for the SOA/CAS Exam C/4. Prerequisite: ASCI4210 or persmission of the instructor 3 Credits

ASCI4225 - Act Topc: Hlth, Prop/Cas Insur Summer 2013 This course is a survey of topics in life insurance and property and casualty insurance as they relate to the practice of actuarial science as certified by the Society of Actuaries and Casualty Actuarial Society. Detailed actuarial mathematics is appllied to evaluate the risk of various types of life and property/casual insurance. Prerequisite: ASCI4100 3 Credits

ASCI4300 - Adv Topics In Actuarial Sci Summer 2013 This course is intended for advanced undergraduate students. This Advanced Topics in Actuarial Science course is designed for actuarial majors who wish to learn advanced actuarial topics. Course content may vary from term to term. This course is offered as an elective. Prerequisites: ASCI3100 and STAT3140 3 Credits

ASCI4909 - Internship/Co-Op Summer 2013 Permission of Department Head needed. 9 Credits

ASCI4913 - Internship/Co-Op Summer 2013 Course description unavailable, please contact Academic Services. Please try again at a later time 3 Credits

ASCI4923 - Internship/Co-Op Summer 2013 Course description unavailable, please contact Academic Services. Please try again at a later time 3 Credits