MATH 520 - Life Contingencies I
Fall 2013, Section 001
Instruction Mode: Section 001 is (see other Sections below)
Subject: Mathematics (MATH)
Department: LSA Mathematics
See additional student enrollment and course instructor information to guide you in your decision making.

Details

Credits:
3
Requirements & Distribution:
BS
Waitlist Capacity:
40
Consent:
With permission of department.
Enforced Prerequisites:
MATH 424 and 425 with minimum grade of C-, plus declared Actuarial/Financial Mathematics Concentration.
Other Course Info:
F.
BS:
This course counts toward the 60 credits of math/science required for a Bachelor of Science degree.
Repeatability:
May not be repeated for credit.
Primary Instructor:

Description

The goal of this course is to teach the basic actuarial theory of mathematical models for financial uncertainties, mainly the time of death. In addition to actuarial students, this course is appropriate for anyone interested in mathematical modeling outside of the physical sciences. Concepts and calculation are emphasized over proof. The main topics are the development of:

  1. probability distributions for the future lifetime random variable,
  2. probabilistic methods for financial payments depending on death or survival, and
  3. mathematical models of actuarial reserving.

MATH 523 is a complementary course covering the application of stochastic process models. MATH 520 is prerequisite to all succeeding actuarial courses. MATH 521 extends the single decrement and single life ideas of MATH 520 to multi-decrement and multiple-life applications directly related to life insurance and pensions. The sequence MATH 520-521 covers the Part 4A examination of the Casualty Actuarial Society and covers the syllabus of the Course 150 examination of the Society of Actuaries. MATH 522 applies the models of 520 to funding concepts of retirement benefits such as social insurance, private pensions, retiree medical costs, etc.

text: Actuarial Mathematics (Second Editions) by Bowers, Gerber, Hickman, Jones and Nesbitt (Society of Actuaries)

Schedule

MATH 520 - Life Contingencies I
Schedule Listing
001 (LEC)
 In Person
12155
Closed
0
 
-
TuTh 8:30AM - 10:00AM
Note: Enrollment by waitlist only. limited to declared Actuarial/Financial Math majors who have completed prerequisites (Math 424 and 425). If you are taking 424 and/or 425 in Spring/Summer, please add your name to the wait list once you've completed the course. We will review the wait list again at the end of the summer.
002 (LEC)
 In Person
19511
Closed
0
 
-
TuTh 10:00AM - 11:30AM
Note: Enrollment by waitlist only. limited to declared Actuarial/Financial Math majors who have completed prerequisites (Math 424 and 425). If you are taking 424 and/or 425 in Spring/Summer, please add your name to the wait list once you've completed the course. We will review the wait list again at the end of the summer.

Textbooks/Other Materials

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Syllabi

Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.

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CourseProfile (Atlas)

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CourseProfile (Atlas)