ACT SCI 300 — ACTUARIAL SCIENCE METHODS I

1 credit.

Develop a knowledge of fundamental mathematical tools for quantitatively assessing risk. Emphasize the applications of these tools to problems encountered in actuarial science. Enroll Info: None

ACT SCI 301 — ACTUARIAL SCIENCE METHODS II

1 credit.

Develop a knowledge of mathematical tools for quantitatively assessing financial risk. Emphasize the applications to problems encountered in actuarial science. Enroll Info: None

ACT SCI 303 — THEORY OF INTEREST

3 credits.

Time value of money; interest compounded discretely and continuously; accumulated and present value of payments; loans and sinking funds; annuity and bond valuation; interest rate term structure; duration, immunization and interest rate swaps. Enroll Info: None

ACT SCI 365 — CONTEMPORARY TOPICS

1-3 credits.

Exploration of subject areas possibly to be introduced into the business curriculum. Enroll Info: None

ACT SCI 650 — ACTUARIAL MATHEMATICS I

3 credits.

Advanced problems in the mathematical theory of life contingencies; force of mortality, laws of mortality; premiums and reserves for insurance and annuities based on a single life. Enroll Info: None

ACT SCI 651 — ACTUARIAL MATHEMATICS II

3 credits.

Continuation of ACT SCI 650. Joint life probabilities, annuities and insurances; multiple-decrement theory; pension fund mathematics. Enroll Info: None

ACT SCI 652 — LOSS MODELS I

3 credits.

Definition and selection of probability distributions appropriate for insurance data that are heavily tailed and skewed. Enroll Info: None

ACT SCI 653 — LOSS MODELS II

3 credits.

Estimation of parameters of probability distributions appropriate for insurance data that are heavy tailed and skewed; assessment of credibility of data for ratemaking. Enroll Info: None

ACT SCI 654 — REGRESSION AND TIME SERIES FOR ACTUARIES

3 credits.

Linear regression and correlation; generalized linear regression models; introduction to time series; time series model building and forecasting with focus on data of interest to actuaries. Enroll Info: None

ACT SCI 655 — HEALTH ANALYTICS

3 credits.

The overall goal of this course is to provide students with an introduction to the broad area of health, integrating how researchers from multiple perspectives have investigated various aspects of health, along with the hands-on practice of learning and using statistical tools to analyze these topics. Enroll Info: Junior standing and (GEN BUS 306, STAT/​MATH  310 or 312)

ACT SCI 765 — CONTEMPORARY TOPICS

1-3 credits.

Exploration of subject areas possibly to be introduced into the business curriculum. Enroll Info: None