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ACSC 202 - SAO Exam Prep
Credits: 0
This course is designed to help actuarial science students prepare and pass the SOA Exams.
Prerequisite: Program Director Consent
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ACSC 213 - Topics in Actuarial Science
Credits: 1
“Topics in Actuarial Science” is intended to be ongoing and taught every semester. Students can take this one-credit course multiple times for credit; initially up to two times. The course is open to actuarial science majors who are sophomores and above. The course will be a combination of guest lecturers (drawn from industry and professional leaders from around the country) and discussions led by me. Additionally, each student will be asked to participate in one group project.
Related Courses: ACSC-413
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ACSC 296 - Independent Study
Credits: 1-4
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ACSC 297 - Special Studies
Credits: 1-4
These courses are offered periodically based on the interests of our students and faculty. More information can be requested from the department.
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ACSC 299 - Internship
Credits: 3
Internship course is designed for mathematics, actuarial science, computer science and data science students to integrate the academic to the appropriate science profession through internship experiences. Students will work on internship projects under the employer supervisor and research projects under the guidance of faculty in mathematics and computing sciences.
Cross-listed: COSC-299
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ACSC 394 - Actuarial Seminar I
Credits: 3
The primary objective of this course is to prepare students to pass Society of Actuaries Examination P (Probability). Students should be able to solve problems involving the rules of differential and integral calculus for one and several variables, discrete distributions (binomial, uniform, hypergeometric, geometric, negative binomial, Poisson), Bayes theorem, continuous distributions (uniform, exponential, normal distribution) with their applications, transformation, joint and marginal distributions, and conditional distributions.
Note: This course is for actuarial science majors only.
Related Courses: ACSC-594
Prerequisite: MATH-370
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ACSC 399 - Internship
Credits: 3
Internship course is designed for mathematics, actuarial science, computer science and data science students to integrate the academic to the appropriate science profession through internship experiences. Students will work on internship projects under the employer supervisor and research projects under the guidance of faculty in mathematics and computing sciences.
Cross-listed: COSC-399
Prerequisite: ACSC-299 or COSC-299
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ACSC 407 - Loss Models
Credits: 3
Introduce coverage modifications; risk measure; frequency, severity and aggregate models; parametric and non-parametric estimation; credibility; pricing and reserving for short-term insurance coverages; and option pricing fundamentals.
Note: The course covers the learning objectives contained in Examination FAM-S (Fundamentals of Actuarial Mathematics Exam-Short Term) of the Society of Actuaries.
Related Courses: ACSC-607
Prerequisite: MATH-372
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ACSC 410 - Introduction to ERM
Credits: 3
“Introduction to Enterprise Risk Management” is designed for students (a) who have taken ACSC-416 (Corporate Finance) or (b) are senior actuarial science majors. Content is from the ERM text covered in the FAP syllabus of the SOA, the first time an aspiring actuary studies ERM. The course also includes guest lecturers, small group projects, and a capstone class project selected by the students.
Related Courses: ACSC-610
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ACSC 413 - Topics in Actuarial Science
Credits: 3
“Topics in Actuarial Science” is intended to be ongoing, and taught every semester. Students can take this one-credit course multiple times for credit; initially up to two times. The course is open to actuarial science majors who are sophomores and above. The course will be a combination of guest lecturers (drawn from industry and professional leaders from around the country) and discussions led by me. Additionally, each student will be asked to participate in one group project.
Related Courses: ACSC-213
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ACSC 415 - Financial Mathematics
Credits: 3
This course covers the mathematical theory of compound interest with applications to investments and corporate finance. Topics include amortization of loans, price of bonds, amortization of premium, accumulation of discount, duration and convexity of cash flows; constructing an investment portfolio to fully immunize set of liability cash flows; option pricing fundamentals.
Related Courses: ACSC-515
Prerequisite: ACSC-414
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ACSC 421 - Actuarial Modeling I
Credits: 3
This course is the first of two courses in actuarial modeling, designed to develop students’ knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include survival models, force of mortality; complete and curtate expectation of life; Makeham and Gompertz mortality laws. Life tables: characteristics of population and insurance life tables; selection; fractional age assumptions. Life insurance payments and annuity payments: present value random variables; expected present values; higher moments; actuarial notation. Annual, 1/mthly and continuous cases. Relationships between insurance and annuity functions. Premiums: expense loadings. Present value of future loss random variables and distribution, net and gross cases. Equivalence principle. Portfolio percentile principle.
Note: The course covers the learning objectives contained in Examination FAM-L (Fundamentals of Actuarial Mathematics Exam-Long Term) of the Society of Actuaries.
Related Courses: ACSC-521
Prerequisite: MATH-371 and ACSC-415
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ACSC 422 - Actuarial Modeling II
Credits: 3
This course is the second part of two courses in actuarial modeling designed to develop the student’s knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include analysis of benefits reserves, multiple state models, multiple life models, Pension Plans and Retirement Benefits, health benefits models, mortality improvement model, and emerging costs for traditional life insurance.
Note: The course covers the learning objectives contained in Examination ALTAM (Advanced Long-term Actuarial Mathematics) of the Society of Actuaries.
Related Courses: ACSC-522
Prerequisite: ACSC-421
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ACSC 495 - Actuarial Seminar II
Credits: 3
The primary objective of this course is to prepare students to pass Society of Actuaries Examination FM (Financial Mathematics). Students will learn techniques to calculate various rates of interest and present values. Students will understand key procedures of financial mathematics including annuities, loans , bonds and options.
Note: This course is for actuarial science majors only.
Related Courses: ACSC-595
Prerequisite: ACSC-414
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ACSC 496 - Actuarial Seminar III
Credits: 3
This course is designed for actuarial science students who have passed the Society of Actuaries exams P and FM to study for the Society of Actuaries exam IFM.
Prerequisite: Pass exam P and exam FM
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ACSC 498 - Actuarial Seminar IV
Credits: 3
This course is designed for actuarial science students who have passed the Society of Actuaries exams P and FM to study for the Society of Actuaries exams SRM, STAM, or LTAM.
Prerequisite: Pass exam P and exam FM
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ACSC 499 - Internship
Credits: 3
Internship course is designed for mathematics, actuarial science, computer science and data science students to integrate the academic to the appropriate science profession through internship experiences. Students will work on internship projects under the employer supervisor and research projects under the guidance of faculty in mathematics and computing sciences.
Cross-listed: COSC-499
Prerequisite: ACSC-399 or COSC-399
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ACSC 510 - Risk Theory
Credits: 3
This course introduces the students to risk theory as it applies, under specified assumptions, to insurance. Topics include individual and collective risk models for single and extended periods, expense loaded premiums, liabilities and asset shares, Markov chains.
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ACSC 515 - Financial Mathematics
Credits: 3
This course covers the mathematical theory of compound interest with applications to investments and corporate finance. Topics include amortization of loans, price of bonds, amortization of premium, accumulation of discount, duration and convexity of cash flows; constructing an investment portfolio to fully immunize set of liability cash flows; option pricing fundamentals.
Related Courses: ACSC-415
Prerequisite: ACSC-514
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ACSC 521 - Actuarial Modeling I
Credits: 3
This course is the first of two courses in actuarial modeling, designed to develop students’ knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include survival models, force of mortality; complete and curtate expectation of life; Makeham and Gompertz mortality laws. Life tables: characteristics of population and insurance life tables; selection; fractional age assumptions. Life insurance payments and annuity payments: present value random variables; expected present values; higher moments; actuarial notation. Annual, 1/mthly and continuous cases. Relationships between insurance and annuity functions. Premiums: expense loadings. Present value of future loss random variables and distribution, net and gross cases. Equivalence principle. Portfolio percentile principle.
Note: The course covers the learning objectives contained in Examination FAM-L (Fundamentals of Actuarial Mathematics Exam-Long Term) of the Society of Actuaries.
Related Courses: ACSC-421
Prerequisite: MATH-571 and ACSC-515
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ACSC 522 - Actuarial Modeling II
Credits: 3
This course is the second part of two courses in actuarial modeling designed to develop the student’s knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include analysis of benefits reserves, multiple state models, multiple life models, Pension Plans and Retirement Benefits, health benefits models, mortality improvement model, and emerging costs for traditional life insurance.
Note: The course covers the learning objectives contained in Examination ALTAM (Advanced Long-term Actuarial Mathematics) of the Society of Actuaries.
Related Courses: ACSC-422
Prerequisite: ACSC-521
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ACSC 594 - Actuarial Seminar I
Credits: 3
The primary objective of this course is to prepare students to pass Society of Actuaries Examination P (Probability). Students should be able to solve problems involving the rules of differential and integral calculus for one and several variables, normal distribution with its application, joint and marginal distributions, and univariate and multivariate probability distributions.
Related Courses: ACSC-394
Prerequisite: Permission of Program Director
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ACSC 595 - Actuarial Seminar II
Credits: 3
The primary objective of this course is to prepare students to pass Society of Actuaries Examination FM (Financial Mathematics). Students will learn the techniques to calculate various rates of interest, present value, future value and options. Students will understand key procedures of financial mathematics including annuity, amortization schedules, bonds and options.
Related Courses: ACSC-495
Prerequisite: ACSC-515 and Permission of the Program Director
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ACSC 599 - Internship
Credits: 3
Internship course is designed for mathematics, actuarial science, computer science and data science students to integrate the academic to the appropriate science profession through internship experiences. Students will work on internship projects under the employer supervisor and research projects under the guidance of faculty in mathematics and computing sciences.
Cross-listed: COSC-599; DSCI-599
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ACSC 607 - Loss Models
Credits: 3
Introduce coverage modifications; risk measure; frequency, severity and aggregate models; parametric and non-parametric estimation; credibility; pricing and reserving for short-term insurance coverages; and option pricing fundamentals.
Note: The course covers the learning objectives contained in Examination FAM-S (Fundamentals of Actuarial Mathematics Exam-Short Term) of the Society of Actuaries.
Related Courses: ACSC-407
Prerequisite: MATH-572
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ACSC 610 - Introduction to ERM
Credits: 3
“Introduction to Enterprise Risk Management” is designed for students (a) who have taken ACSC-516 (Corporate Finance I) or (b) are senior actuarial science majors. Content is from the ERM text covered in the FAP syllabus of the SOA, the first time an aspiring actuary studies ERM. The course also includes guest lecturers, small group projects, and a capstone class project selected by the students.
Related Courses: ACSC-410
Prerequisite: ACSC-516
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ACSC 695 - Actuarial Models III
Credits: 3
The primary objective of this course is to prepare students to pass Society of Actuaries Examination FM (Financial Mathematics). Students will learn techniques to calculate various rates of interest and present values. Students will understand key procedures of financial mathematics including annuities, loans, bonds and options.
Prerequisite: ACSC-514
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ACSC 697 - Special Studies
Credits: 3
Special Studies courses are offered based on faculty and student interests. These courses may focus on skill development and special interest topics in actuarial science, data science and mathematics.
Prerequisite: Permission of advisor
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ACSC 698 - Thesis/Research
Credits: 3
A master’s thesis is a piece of original scholarship written under the direction of an actuarial science faculty advisor. Students need to write an actuarial science academic paper in which a research question is developed and analyzed through original empirical and/or theoretical research, supplemented with a literature review. Students will do both a written final report and a presentation.
Prerequisite: Permission of adviser
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ACSC 699 - Internship
Credits: 1-4
Internship course is designed for mathematics, actuarial science, computer science and data science students to integrate the academic to the appropriate science profession through internship experiences. Students will work on internship projects under the employer supervisor and research projects under the guidance of faculty in mathematics and computing sciences.
Cross-listed: COSC-699; DSCI-699
Prerequisite: ACSC-599
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