ACTS4308 - Actuarial Financial Mathematics

ACTS 4308 Actuarial Financial Mathematics (3 semester credit hours) The purpose of this 3 semester credit hour course is to provide an understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting, and valuing contingent cash flows. The students will also be given an introduction to financial instruments, including derivatives, and the concept of no-arbitrage as it relates to financial mathematics. This class covers topics of CAS Exam 2/SOA Exam FM. Prerequisites: (MATH 2451 and FIN 3320) or instructor consent required. (3-0) R