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)
Prerequisites
STA 584.
Corequisites
None.
Cross Listed Courses
No
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)