Information on some courses
Check the University Bulletion for listed courses in the Department of Mathematical Sciences.
Check the Course Schedules in the Department of Mathematical Sciences.
Check the University Bulletion for listed courses in the Economics department and the School of Management (SOM).
Calculus courses.
Calculus is a branch of mathematics that studies continuously changing quantities. A key notion is the passage to the limit: quantities which tend to an ultimate value. The basic tools from calculus are differentiation and integration. The methods of calculus are essential to any modern science. The Department of Mathematical Sciences offers the following courses in calculus:
- Math 221. Calculus I.
- Math 222. Calculus II.
- Math 323. Calculus III.
Probability and Statistics courses.
Many problems which an actuary has to deal with contingent / uncertain events. Probability theory is the branch of mathematics which studies the asignment of probabilities to random events. The Department of Mathematical Sciences offers the following course in Probability:
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Math-447. Introduction to Probability and Statistics I
: Counting techniques, independence and conditional probability, discrete and continuous random variables, special distributions, expected values and moments, multivariate distributions, conditional distributions, transformations of random variables, limit theorems. 4 credits. Offered both in Fall and Spring.
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Math 449. Problem Solving in Actuarial Sciences
: Review of Math-447; a course specially designed in the preparation for Exam P/1. 4 credits. Offered each Spring.
Another part of mathematics studying randomness is Statistics. Statistics studies the collection and analyzing of data. VEE requirement also include Applied Statistics methods. The Department of Mathematical Sciences offers the following course in Statistics using calculus:
Math 448. Introduction to Probability and Statistics II
: Random sampling, point estimation, t, chi-squared and F distributions, sufficient statistics, minimum variance unbiased estimators, confidence intervals, tests of hypothesis, uniformly most powerful tests, Bayesian methods, linear models. 4 credits. Offered both in Fall and Spring.
This course partially fulfills the Applied Statistics methods subject of the VEE requirement. Please see the VEE requirements for more information.
Financial Mathematics course.
The Department of Mathematical Sciences offers the following course in Financial Mathematics:
Math 346. Interest Theory
: Accumulation function, simple and compounded interest, effective and nominal rates of interest and discount, force of interest, level and nonlevel annuities and pepetuities, amortization, reinvestment, sinking funds, bonds, depretiation methods, short sales of stock, term structure of the interest rates, duration, convexity, derivative markets. 4 credits. Offered both in Fall and Spring.
Actuarial courses.
Actuaries in their use sophisticated probability models. The Department of Mathematical Sciences offers the following course in actuarial stochastic models:
Math 450. Actuarial Mathematics I
: Survival models, life tables, life insurance, life annuities, benefit premiums. 4 credits. Offered each Fall.Math 452. Actuarial Mathematics II
: Benefit reserves, multiple life functions, multiple decrement models, Markov chains, Poisson processes. 4 credits. Offered in Spring. Availibility depends on enrollment.
Economics and Finance courses
An actuary studies contingent / uncertain events which have financial consequences. An actuary must have a good knowledge of Economics and Finance. In addition, VEE requirement include microeconomics, macroeconomics and corporate finance.
The following courses deal with microeconomics and macroeconomics. They fulfill the VEE requirements on Economics:
- ECON 160. Principles of Microeconomics.
- ECON 162. Principles of Macroeconomics.
- ECON 360. Microeconomic Theory.
- ECON 362. Macroeconomic Theory.
So far, to fulfill the VEE requirements on Finance, students must take SOM courses.
- FIN 311, Financial Management.
- FIN 322, Investments.
- FIN 324, Corporate Finance.
Other courses.
Other related courses are ECON 466. Introduction to Econometrics; ECON 467. Economic Forecasting; CQS 112. Statistics for Management; ECON 442, Financial Economics.
Please see the VEE requirements for more information.