Fall 2009 Courses

Course scheduling is subject to change. Days, times, instructors, class locations, and call numbers are available on the Directory of Classes.

Fall course information begins posting to the Directory of Classes in February; Summer course information begins posting in March; Spring course information begins posting in June. For course information missing from the Directory of Classes after these general dates, please contact the department or program.

ACTU K4830.  Stochastic Processes for Actuarial Science.  3 pts.

Prerequisite

Or corequisite: Statistics W4606.

Description

This course covers the material and the theoretical background for exam MFE. Subjects include discrete time option pricing, martingales, change of measure/Girsanov's Theorem, Brownian motion, diffusions, interest rate models, and stochastic integration.

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ACTU K4900.  Proseminar in Actuarial Science.  2 pts.

Description

Industry representatives conduct a series of noncredit seminar sessions designed to expose students to the actuarial profession as well as to address a range of topics in actuarial science.

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ACTU K4995.  Internship in Actuarial Science.  2 pts.

Description

Supervised, structured noncredit internships provide students with industry experience key to professional advancement in the field.

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STAT W4840.  Theory of Interest.  3 pts.

Description

Introduction to the mathematical theory of interest as well as the elements of economic and financial theory of interest. Topics include rates of interest and discount; simple, compound, real, nominal, effective, dollar (time)-weighted; present, current, future value; discount function; annuities; stocks and other financial instruments; definitions of key terms of modern financial analysis; yield curves; spot (forward) rates; duration; immunization; and short sales. The course will cover determining equivalent measures of interest; discounting; accumulating; determining yield rates; and amortization.

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