This course is intended for those students contemplating careers
in the actuarial profession. It will help to prepare a student
for Examination 150 of the Society of Actuaries. We will cover
most of the material in Chapters 3-9 of the official textbook, N.
L. Bowers et. al., Actuarial Mathematics (Society of
Actuaries).There is not sufficient time in a one-year course to cover
Chapters 10, 14 and 15, the remaining material needed for Exam
150. However, students who complete this course should acquire
sufficient background to enable them to study the omitted
chapters on their own.
The prerequisites are a sound knowledge of both interest theory
and probability theory. For the probability prerequisite,
students should have completed MATH2030.03. For interest
theory the preferred prerequisite is MATH2280.03. Those who have
completed MATH2580.06 with a grade of B+ or better may be
allowed to enroll, but such students should note that
MATH3280.06 is considerably more advanced, and requires much more
mathematical ability, than MATH2580.06.
The final grade will probably be based on assignments (5%), four
class tests (55%), and a final examination (40%).
Prerequisites: AS/SC/MATH2280.03; AS/SC/MATH2030.03.
Coordinator: S.D. Promislow