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.

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.

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.

ACT SCI 365 — CONTEMPORARY TOPICS

1-3 credits.

Exploration of subject areas possibly to be introduced into the business curriculum.

ACT SCI 399 — READING AND RESEARCH-ACTUARIAL SCIENCE

1-3 credits.

Directed study in various areas of actuarial science that provides the opportunity to participate in more in-depth study (intermediate level) under the direct guidance of actuarial science faculty.

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.

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.

ACT SCI 652 — LOSS MODELS I

3 credits.

Definition and selection of probability distributions appropriate for insurance data that are heavily tailed and skewed.

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.

ACT SCI 654 — REGRESSION AND TIME SERIES FOR ACTUARIES

2-3 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.

ACT SCI 655 — HEALTH ANALYTICS

2-3 credits.

Provides 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.

ACT SCI 657 — RISK ANALYTICS

2-3 credits.

Develops a toolbox for modeling, communicating, and managing risk and uncertainty in predictive models. Topics include time-series forecasting, probabilistic forecasting techniques, scenario analysis, and integrations of modern machine learning methods with distribution-based predictive models, among others. Particularly addresses situations where data is sparse, including climate, cyber, and catastrophic risk.

ACT SCI 765 — CONTEMPORARY TOPICS

1-3 credits.

Exploration of subject areas possibly to be introduced into the business curriculum.