Undergraduate Degrees, Majors and Concentrations

Actuarial Science  
List of all courses and their descriptions
List of all courses, their descriptions and offerings in the schedule book

ASCI2010 - Fundamentals Of Stat W/ Excel

Spring 2024

This course is intended for actuarial science and statistics majors. The course provides an understanding of foundational statistical concepts that will be crucial for more advanced courses. Examples, assignments, and projects are drawn from various areas of actuarial science and statistics in order to give students an appreciation of the variety of applications in industry. The course makes substantial use of Excel as a tool for solving problems. 3 credits
3 Credits

ASCI3000 - Actuarial Seminar ? P

Spring 2024

Actuarial Seminar I is a capstone seminar on topics from Probability, Mathematical Statistics, and Insurance and Risk Management. It enhances the students' preparation for Exam P of the Society of Actuaries with a brief review of the material and focused problem solving of the topics for the exam. Online exam preparation tools may be used to facilitate learning in the course. 3 Credits
3 Credits

ASCI3100 - Theory Of Interest

Spring 2024

This course helps the student to become familiar with the basic mathematical principles of Interest Theory and Financial Mathematics. Mathematical fundamentals of present values, accumulated values, net present values, effective and nominal interest and discount rates, annuities, and bonds are presented. This material covers a large portion of the Society of Actuaries Financial Mathematics Examination. 3 Credits
3 Credits

ASCI3150 - Financial Mathematics

Spring 2024

This course provides a systematic development of the mathematical models most frequently used in the study of corporate finance. The course builds on the valuation methods for cash flows developed in Theory of Interest and applies these methods to problems in corporate finance and investment theory. Concepts include cash flow management, immunization, financial derivatives and options, hedging and investment strategies, forwards, futures, and swaps. 3 Credits
3 Credits

ASCI4000 - Actuarial Seminar ? Fm

Spring 2024

This course covers all the theory of interest and other financial mathematics topics listed on the syllabus for the actuarial exam Course FM, jointly administered by the SOA and the CAS. The course is structured to allow students to engage in directed self-study in preparation for the exam. Class time will be a combination of lecture, discussion, analysis, bench-marking of progress, and as a general clearing-house for guidance on specific problems. A detailed deconstruction of the previous FM exams will provide the central, organizing theme for the course of study. 3 credits.
3 Credits

ASCI4100 - Life Contingencies I

Spring 2024

This course helps the student become familiar with the basic mathematical principles underlying contingent financial arrangements, emphasizing situation in which mortality is the contingent event and long-term instruments such as life insurance. Mathematical fundamentals of survival distributions, life insurance, life annuities, and premiums are explored. Proficiency in spreadsheet software is necessary.
3 Credits

ASCI4110 - Life Contingencies II

Spring 2024

This course helps the student become familiar with the basic mathematical principles underlying various advanced contingent insurance arrangements. Concepts considered include multiple state models, multiple life functions, and multiple decrement models. Other advanced topics related to the modeling of survival models and life-contingent instruments may also be explored. Proficiency in spreadsheet software is necessary.
3 Credits

ASCI4140 - Data Analysis With R

Spring 2024

This course is designed to give students an introduction to using the R statistical programming language to write basic programs and analyze data. Students will learn the fundamentals of programming and writing functions. They will learn how to clean, organize, and perform basic data mining to extract information and relationships for various types of data. To aid in this, students will produce statistical graphics using R?s base capabilities and the more advanced ggplot function. Some basic statistical simulation will also be covered.
3 Credits

ASCI4150 - Stochastic Calc Actuarial Scie

Spring 2024

This course aims at providing students with a working knowledge of basic stochastic calculus and related mathematical techniques for valuating equity-linked insurance products. The course will cover a large portion of stochastic calculus theory and demonstrates its applications. The course is also intended for improving the problem-solving skills of actuarial science majors, preparing them for the MFE examination of the Society of Actuaries.
3 Credits

ASCI4200 - Mathematical Statistics

Spring 2024

This course is the first of a three-course sequence in mathematical and applied statistics. Topics include the basic statistical sampling distributions (normal, gamma, student-t, chi-squared and F), point and interval estimation of mean, variance, and proportion parameters (including properties such as bias, consistency, and efficiency for point estimators), hypothesis testing, and related statistical testing. This course is designed to satisfy the VEE (verification by educational experience) requirement of the Society of Actuaries in Mathematical Statistics. PREREQUISITES: STAT 3140 and STAT 3150 or permission of the instructor
3 Credits

ASCI4210 - Loss Models I

Spring 2024

This course covers the fundamentals of modeling the losses of short-term insurance coverages. Students will learn about the various types of short term coverages, such as property/casualty insurance and health insurance, as well as common coverage modifications. Common models for frequency, severity, and aggregate losses are discussed. A thorough knowledge of calculus, probability, and mathematical statistics is assumed.
Prerequisites: STAT 3140 and 3150 Co-requisites: ASCI 4140 and 4200
3 Credits

ASCI4215 - Actuarial Topics In Pensions

Spring 2024

This course is a survey of topics in pension and health as they relate to the practice of actuarial science as certified by the Society of Actuaries. Detailed presentation of actuarial calculations associated with legal requirements and liability issues of pension and health care benefit models and the characteristics of pension legal theory are contained in the course. Case studies and guest lecturers are part of the learning experiences required for the course.
3 Credits

ASCI4220 - Loss Models II

Spring 2024

This course is the third of a three course sequence in applied statistics. Topics include empirical credibility, interpolation and smoothing, and simulation. The course is designed for students preparing to sit for the SOA/CAS Exam C/4.
3 Credits

ASCI4225 - Actuarial Topics In Health Car

Spring 2024

This course is a survey of topics in health insurance as they relate to the practice of actuarial science. Current health insurance products are discussed, as are trends in the health care industry. Actuarial techniques are applied to evaluate and quantify the risks in various types of health insurance. In this course, students will learn to assess the adequacy of health insurance premiums.
3 Credits

ASCI4300 - Adv Topics In Actuarial Sci

Spring 2024

This course is intended for advanced undergraduate students. This Advanced Topics in Actuarial Science course is designed for actuarial majors who wish to learn advanced actuarial topics. Course content may vary from term to term. This course is offered as an elective.
3 Credits

ASCI4310 - Actuarial Pract Life Insurance

Spring 2024

This course is designed to give actuarial science students a general understanding of the life insurance industry, and the various roles of actuaries within life insurance companies. The course includes both technical topics (profit testing, Monte Carlo simulation, pricing of embedded options) as well as non-technical topics (organization of life insurance companies, taxation and regulation of life insurance companies). Though much of the material in the course applies generally to life insurance companies, this course will focus mostly on the insurance industry in the United States. This course builds on the material covered in ASCI4100 Life Contingencies I and ASCI4110 Life Contingencies II.
3 Credits

ASCI4320 - Actual Prac. Prop/ Case Ins

Spring 2024

This course is a survey of topics in property / casualty insurance as they relate to the practice of actuarial science as certified by the Casualty Actuarial Society . This course includes an overview of the property / casualty insurance industry and the various roles of actuaries within P / C insurance companies . This course covers technical topics in ratemaking and reserving , the two most important roles of P / C actuaries .
Prerequisite : STAT 3140 and ASCI 2010
3 Credits

ASCI4901 - Internship/Co-Op

Spring 2024

This course allows a student on an internship or co-op to get academic credit by incorporating an academic component into the professional work experience. The student is expected to obtain valuable professional skills and knowledge in their position.
1 Credits

ASCI4903 - Internship/Co-Op

Spring 2024

This course allows a student on an internship or co-op to get academic credit by incorporating an academic component into the professional work experience. The student is expected to obtain valuable professional skills and knowledge in their position.
3 Credits

ASCI4905 - Internship/Co-Op

Spring 2024

Course description unavailable, please contact Academic Services.

5 Credits

ASCI4906 - Internship/Co-Op

Spring 2024

This course allows a student on an internship or co-op to get academic credit by incorporating an academic component into the professional work experience. The student is expected to obtain valuable professional skills and knowledge in their position.
6 Credits

ASCI4909 - Internship/Co-Op

Spring 2024

This course allows a student on an internship or co-op to get academic credit by incorporating an academic component into the professional work experience. The student is expected to obtain valuable professional skills and knowledge in their position. Permission of Department Head needed. 9 Credits
9 Credits

ASCI4912 - Internship/Co-Op

Spring 2024

This course allows a student on an internship or co-op to get academic credit by incorporating an academic component into the professional work experience. The student is expected to obtain valuable professional skills and knowledge in their position.
12 Credits

ASCI4913 - Internship/Co-Op

Spring 2024

This course allows a student on an internship or co-op to get academic credit by incorporating an academic component into the professional work experience. The student is expected to obtain valuable professional skills and knowledge in their position. 3 Credits
3 Credits

ASCI4916 - Internship/Co-Op

Spring 2024

This course allows a student on an internship or co-op to get academic credit by incorporating an academic component into the professional work experience. The student is expected to obtain valuable professional skills and knowledge in their position.
6 Credits