ACT - Actuarial Science
Fundamental probability tools for quantitatively assessing risk, with emphasis on application of these tools to problems encountered in actuarial science. Prerequisite:
STA 584.
Credits
3(3-0)
Fundamental concepts of the mathematical theory of interest and applications in calculating present and accumulated values for various streams of cash flows. Prerequisite:
MTH 133 or graduate standing.
Credits
4(4-0)
Introduction to survival distributions and life tables, life annuities and life insurance, benefit premiums and benefit reserves. Prerequisites:
ACT 539, 540.
Credits
3(3-0)
Estimating survival curves, introduction to multiple state models including multiple life models and multiple decrement models, pension mathematics, and cash flow analysis for insurance products. Prerequisites:
ACT 541;
STA 585.
Credits
3(3-0)
Introduction to the theoretical basis of certain actuarial models and the application of those models to financial risks. Prerequisites: ACT 540;
STA 584; or graduate standing.
Credits
3(3-0)