Spring 2016 Courses

Course - Section Title Days Time Location
ACSC 264 - 01 Theory of Interest - T - R - - - 0955 - 1135 OSS 226

Days of Week:

- T - R - - -

Time of Day:

0955 - 1135

Location:

OSS 226

Course Registration Number:

20486

Credit Hours:

4

Instructor:

Michael C. Axtell

A survey of topics in the mathematical analysis of financial transactions which involve payments made over time. Specific areas of concentration will include the time value of money, the analysis of annuities, amortization and sinking funds, and the pricing and rates of return on investments. Both continuous time and discrete time problems will be considered. Offered spring semester. Prerequisite: a grade of C- or above in MATH 114

Schedule Details

Location Time Day(s)
ACSC 352 - 01 Actuarial Contingencies - T - R - - - 0955 - 1135 OSS 127

Days of Week:

- T - R - - -

Time of Day:

0955 - 1135

Location:

OSS 127

Course Registration Number:

20002

Credit Hours:

4

Instructor:

Heekyung K. Youn

Extension of the analysis of ACSC 351 to multiple life functions and multiple decrement theory. Topics will include: multiple life functions and multiple decrement models, valuation of pensions, insurance models including expenses, non-forfeiture benefits and dividends. Offered spring semester. Prerequisite: a grade of C- or above in ACSC 351

Schedule Details

Location Time Day(s)
ACSC 352 - 02 Actuarial Contingencies - T - R - - - 1330 - 1510 OSS 214

Days of Week:

- T - R - - -

Time of Day:

1330 - 1510

Location:

OSS 214

Course Registration Number:

21607

Credit Hours:

4

Instructor:

Heekyung K. Youn

Extension of the analysis of ACSC 351 to multiple life functions and multiple decrement theory. Topics will include: multiple life functions and multiple decrement models, valuation of pensions, insurance models including expenses, non-forfeiture benefits and dividends. Offered spring semester. Prerequisite: a grade of C- or above in ACSC 351

Schedule Details

Location Time Day(s)

Summer 2016 Courses

Course - Section Title Days Time Location

Fall 2016 Courses

Course - Section Title Days Time Location
ACSC 264 - 01 Theory of Interest M - W - F - - 0935 - 1040

Days of Week:

M - W - F - -

Time of Day:

0935 - 1040

Location:

Course Registration Number:

41315

Credit Hours:

4

Instructor:

Michael C. Axtell

A survey of topics in the mathematical analysis of financial transactions which involve payments made over time. Specific areas of concentration will include the time value of money, the analysis of annuities, amortization and sinking funds, and the pricing and rates of return on investments. Both continuous time and discrete time problems will be considered. Offered spring semester. Prerequisite: a grade of C- or above in MATH 114

Schedule Details

Location Time Day(s)
ACSC 264 - 02 Theory of Interest M - W - F - - 1215 - 1320

Days of Week:

M - W - F - -

Time of Day:

1215 - 1320

Location:

Course Registration Number:

41946

Credit Hours:

4

Instructor:

Michael C. Axtell

A survey of topics in the mathematical analysis of financial transactions which involve payments made over time. Specific areas of concentration will include the time value of money, the analysis of annuities, amortization and sinking funds, and the pricing and rates of return on investments. Both continuous time and discrete time problems will be considered. Offered spring semester. Prerequisite: a grade of C- or above in MATH 114

Schedule Details

Location Time Day(s)
ACSC 320 - 01 Risk Management & Insurance - - W - - - - 1730 - 2100

Days of Week:

- - W - - - -

Time of Day:

1730 - 2100

Location:

Course Registration Number:

41587

Credit Hours:

4

Instructor:

Staff

This course introduces students to the subjects of insurance--theory and practice--and corporate risk management. In addressing these subjects, students will receive exposure to risk theory, insurance pricing, contract analysis, insurance company operations, reinsurance, regulation and the concepts and principles of business risk management. Offered fall semester. Prerequisite: Junior standing or MATH 114

Schedule Details

Location Time Day(s)
ACSC 320 - 02 Risk Management & Insurance - - W - - - - 1730 - 2100

Days of Week:

- - W - - - -

Time of Day:

1730 - 2100

Location:

Course Registration Number:

42531

Credit Hours:

4

Instructor:

Staff

This course introduces students to the subjects of insurance--theory and practice--and corporate risk management. In addressing these subjects, students will receive exposure to risk theory, insurance pricing, contract analysis, insurance company operations, reinsurance, regulation and the concepts and principles of business risk management. Offered fall semester. Prerequisite: Junior standing or MATH 114

Schedule Details

Location Time Day(s)
ACSC 351 - 01 Foundations:Actuarial Math - T - R - - - 0955 - 1135

Days of Week:

- T - R - - -

Time of Day:

0955 - 1135

Location:

Course Registration Number:

40002

Credit Hours:

4

Instructor:

Heekyung K. Youn

The course covers the theory and applications of contingency mathematics in the area of life and health insurance, annuities and pensions from both the probabilistic and deterministic approaches. Topics will include: survival distributions, actuarial notation, life insurance and life annuities, net premiums and reserves. Offered fall semester. Prerequisite: a grade of C- or above in ACSC 264 and MATH 313

Schedule Details

Location Time Day(s)
ACSC 351 - 02 Foundations:Actuarial Math - T - R - - - 1330 - 1510

Days of Week:

- T - R - - -

Time of Day:

1330 - 1510

Location:

Course Registration Number:

41633

Credit Hours:

4

Instructor:

Heekyung K. Youn

The course covers the theory and applications of contingency mathematics in the area of life and health insurance, annuities and pensions from both the probabilistic and deterministic approaches. Topics will include: survival distributions, actuarial notation, life insurance and life annuities, net premiums and reserves. Offered fall semester. Prerequisite: a grade of C- or above in ACSC 264 and MATH 313

Schedule Details

Location Time Day(s)
ACSC 464 - 01 Mathematical Finance - T - R - - - 0800 - 0940

Days of Week:

- T - R - - -

Time of Day:

0800 - 0940

Location:

Course Registration Number:

40811

Credit Hours:

4

Instructor:

Wenyuan Zheng

The focus of this course is on applications of probability, stochastic processes, and other mathematical tools to problems in finance. Both discrete and continuous models, including binomial, Brownian motion, and geometric Brownian motion models will be used to investigate the effects of randomness in financial markets and the behavior of financial instruments. The mathematical realization of arbitrage and hedging strategies will be examined, including the Arbitrage Theorem and the concept of risk-neutral pricing. Applications will include the pricing of equity options, currency transactions and the use of duration and convexity in fixed income analysis. The course will be of interest to students of actuarial science, mathematics, finance and economics who want to develop a better quantitative understanding of financial risk. Offered fall semester. Prerequisites: a grade of C- or above in MATH 313 or MATH 303 and ACSC 264 or a course in FINC approved by the instructor

Schedule Details

Location Time Day(s)
ACSC 464 - 02 Mathematical Finance - T - R - - - 0955 - 1135

Days of Week:

- T - R - - -

Time of Day:

0955 - 1135

Location:

Course Registration Number:

41948

Credit Hours:

4

Instructor:

Wenyuan Zheng

The focus of this course is on applications of probability, stochastic processes, and other mathematical tools to problems in finance. Both discrete and continuous models, including binomial, Brownian motion, and geometric Brownian motion models will be used to investigate the effects of randomness in financial markets and the behavior of financial instruments. The mathematical realization of arbitrage and hedging strategies will be examined, including the Arbitrage Theorem and the concept of risk-neutral pricing. Applications will include the pricing of equity options, currency transactions and the use of duration and convexity in fixed income analysis. The course will be of interest to students of actuarial science, mathematics, finance and economics who want to develop a better quantitative understanding of financial risk. Offered fall semester. Prerequisites: a grade of C- or above in MATH 313 or MATH 303 and ACSC 264 or a course in FINC approved by the instructor

Schedule Details

Location Time Day(s)

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