STAT 365 - Financial Mathematics for Actuaries

(3.00)

This course is an introduction to the mathematics of interest and the evaluation of interest related products including annuities with non-contingent payments, loans, bonds, general cash flows, portfolios, and immunization. Additional topics discussed include sources of interest rates, stochastic interest rates, and financial instruments such as shorts, swaps, and options. This material includes most of the learning objectives for the Financial Mathematics Exam (called Exam FM by the Society of Actuaries and Exam 2 by the Casualty Actuarial Society.) Also students not necessarily interested in taking the actuarial exam are encouraged to take this course as an upper level elective.

Course ID: 102303
Consent: No Special Consent Required
Components: Lecture
Same as Offered: MATH 365
Prerequiste: You must complete MATH 152 with a C or better.