2019-2020 Academic Catalog 
    
    Apr 19, 2024  
2019-2020 Academic Catalog [Archived Catalog]

ACSC 411 - Derivative Market


Credits: Three (3)
The course covers the theoretical basis of certain actuarial models and the application of those models to insurance and other financial risks. Topics include interest rate models, rational valuation of derivative securities, simulation, and risk management techniques. A thorough knowledge of calculus, probability, and interest theory is assumed. Basic knowledge of risk management is also assumed. ACSC 411 and ACSC 426 cover all of the learning objectives contained in Examination IFM (Investments and Financial Markets) of the Society of Actuaries.
Cross-listed: ACSC-611
Prerequisite: ACSC-414