General Calendar 2002-2003
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UNIVERSITY OF
REGINA General Calendar 2002-2003 |
ACSC 116 | ACSC 216 | ACSC 217 | ACSC 317 | ACSC 318 | ACSC 390AA-395ZZ | ACSC 400 | ACSC 417 | ACSC 418 | ACSC 419 | ACSC 456
ACTUARIAL SCIENCE
ACSC 116
Mathematics of Finance I
3:3-0
This is a first coursse in the theory and measurement of rates of interest and discount. Topics include accumulated and present value factors, annuities, yield rates, amortization schedules and sinking funds, including continuous cases.
Prerequisite: MATH 103 or MATH 105 or MATH 110 with a grade of at least 60%.
ACSC 216
Mathematics of Finance II
3:3-0
This course is a continuation of AcSc 116. Topics include bonds and other securities, duration, immunization and derivatives. Theory is developed and practical examples are used.
Prerequisite: ACSC 116 with a grade of at least 60%.
ACSC 217
Introduction to Actuarial Mathematics
3:3-0
This course introduces the economics of insurance, utility theory, and the application of probability in survival distributions and life tables. The theory of determination of net single premiums for life insurance and annuities is also presented, including continuous cases.
Prerequisite: ACSC 116 and STAT 251 or STAT 351 with a grade of at least 60%.
ACSC 317
Actuarial Models I
3:3-0
An introduction to net annual premiums and net premium reserves. Models are developed for multiple life functions and multiple decrement situations.
Prerequisite: ACSC 217 with a grade of at least 60%.
ACSC 318
Actuarial Models II
3:3-0
Topics include insurance models with expenses, business and regulatory considerations, special annuities and insurances, advanced multiple life theory, population theory, and introductory pension mathematics.
Prerequisite: ACSC 317 with a grade of at least 60%.
ACSC 390AA-395ZZ
Directed Reading in Actuarial Science
3:3-0
A review of major current actuarial issues in pension mathematics. Prior to registration of the student(s), the instructor must present to the department head a detailed outline of the material to be covered, the method of delivery, and the method of evaluation.
Prerequisite: Permission of the department head.
ACSC 400
Actuarial Internship
3:0-0
This represents an approved one-year internship, which may be available to students. Students accepted will gain actuarial work experience with a participating sponsor, before completion of the undergraduate degree, and usually following completion of the third year.
ACSC 417
Introduction to Casualty Insurance and Credibility
3:3-0
This course introduces the foundations of casualty actuarial science, particularly rate making, loss reserving, and the elements of credibility theory.
Prerequisite: ACSC 317 with a grade of at least 60%.
ACSC 418
Loss Models
3:3-0
A model-based approach to actuarial science, specifically for distribution of the frequency and severity of losses. Properties of loss distributions and frequency distributions are studied, as well as distribution models for aggregate claims.
Prerequisite: ACSC 318 and STAT 351 with a grade of at least 60%.
ACSC 419
Risk Theory
3:3-0
An introduction to individual risk models for a short term, collective risk models for a single period and an extended period, and applications of risk theory.
Prerequisite: ACSC 318 and STAT 351 with a grade of at least 60%.
ACSC 456
Stochastic Processes
3:3-0
Markov chains discrete and continuous, counting processes (Poisson), renewal theory, simulation.
Prerequisite: STAT 251 or STAT 351 with a grade of at least 60%.
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