Course in Actuarial Math

Tue, 08 Jun 2021 09:17:44 -0400

The Math/Stat department is working on an Actuarial Math Specialization in summer. Towards that goal it is offering a Topics Course Stat 490 Section 03 in Fall with someone who is a Fellow of the Society of Actuaries Jared Praniewicz. This will prepare students for one of the actuarial exams. Please feel free to circulate the information among your majors (or whoever is interested). Here is the information about the course.

For further information about the Actural Math Specialization, interested students should contact Dr. Liz Stanwyck, (estanwy1@umbc.edu).

Title: Deterministic Financial Mathematics for Actuarial Science ALL STUDENTS ENROLLING IN THIS CLASS SHOULD REGISTER FOR THREE (3) CREDITS Prerequisite: Math 152. This course will follow the Society of Actuaries FM syllabus closely, to prepare students for the exam. Students will learn to compute and analyze many types of deterministic annuities (bonds, savings accounts, perpetuities, sinking funds, mortgages, etc). The class will introduce basic fixed income derivatives (i.e. swap contracts) and risk management of fixed income portfolios.

Recommended Preparation: STAT 355 or STAT 451 or STAT 453.