MATHS 155: Introduction to Actuarial Science (1)

Syllabus

 

1.      Prerequisite or parallel:   MATHS 165 or permission of department chairperson.

 

2.     Course Description:  Introduction to the actuarial profession and elementary concepts of  actuarial science.  Elementary probability, the mathematics of finance, and the structure of the profession are discussed.

 

3.     Course Objective:  Students will learn some of the basic ideas and methods used by actuaries and will gain a knowledge of the structure of the profession.

 

4.     Course Rationale:   The purpose of this course is to acquaint students with the actuarial faculty, the structure of the actuarial profession, and basic ideas from probability and the mathematics of finance.

 

5.     Course Content:  Topics include compound interest, annuities, amortizations, basic probability models and the structure of the profession.

 

6.      Course Format: This course will be taught using lectures and discussion.

 

7.      Methods of Evaluating Student Performance: Student evaluation may be based on in-class exams, take-home exams, and homework.  The particular methods used and the weight of each component are at the discretion of the individual instructors.

 

8.      Evaluation of the Course:  The instruction of the course is evaluated by departmental student evaluations and peer evaluation.  The course is reviewed and revised periodically by the Departmental Undergraduate Programs Committee.

 

 

 

J. Foley, G. Dean, 10/23/02, M. Karls Fall 2006