
Program

People

Opportunities

Contact

Math programs
The diverse courses of Northwestern’s math and physics departments will teach you both analytical and creative problemsolving skills. Together those add up so you equal an attractive candidate, whether you’re headed to the job market or graduate school.
“Advanced” actuarial science
Our actuarial science program is 1 of only 89 programs nationwide classified as “advanced undergraduate” by the Society of Actuaries—and 1 of just 3 among the 100 members of the Council for Christian Colleges & Universities. Our curriculum covers everything on the first 3 professional actuarial exams, as well as some topics on the 4th and 5th of 8 exams. That means you'll be further along in the process of becoming a certified actuary—and you’ll rise to the top with future employers.
Math teaching
If you want calculated career preparation for teaching, you're set with either a math major or a math teaching minor. In addition to your math classes, you’ll pursue your secondary education certification through an education department that is one of only 4 in Iowa to be NCATE accredited.
Actuarial Science Major
Requirements
 Mathematics electives 6 * (excluding 090, 105, 107, 109, 111, 117 and 308)
 MAT 112  Calculus I
(4 credits) (IGE option under Quantitative Reasoning) A study of functions, limits, derivatives and integrals with a strong emphasis on both theory and applications. Prerequisite: C or higher in MAT109, or an ACT math score of at least 24 (SAT 550 or above), or permission of mathematics department chair.  MAT 180  Logic and Discrete Mathematics
(3 credits) An introduction to the language and logic of mathematical proof via topics in discrete mathematics. Topics will include logic, elementary number theory, basic set theory and methods of mathematical proof (direct proof, indirect proof, induction). Prerequisite: C or better in MAT112 or permission of instructor.  MAT 211  Calculus II
(4 credits) A study of transcendental functions, techniques of integration, improper integration, sequences, series, polar coordinates and conic sections. Prerequisite: C or better in MAT112 or permission of instructor.  MAT 212  Calculus III
(4 credits) A study of the cylindrical and spherical coordinate systems, vectors in two dimensions and three dimensions, vector valued functions, functions of several variables, multiple integration, and vector calculus. Prerequisite: C or better in MAT211 or permission of instructor.  MAT 316  Probability and Statistics I
(3 credits, alternate years, consult department) A postcalculus course in probability and statistics, which develops the theory of discrete and continuous distributions, expected value, random variables and inferential statistics. Prerequisites: C or better in MAT116 or 117, 180, 211 or permission of instructor.  MAT 317  Linear Algebra
(3 credits) A study of the algebra of matrices and vector spaces including matrix operations, systems of equations, determinants, properties of real vector spaces, eigenvalues and eigenvectors. Prerequisite: C or better in MAT112, 180 or permission of instructor.  MAT 416  Probability and Statistics II
(3 credits, alternate years, consult department) A continuation of Probability and Statistics I. Emphasis will be placed on functions of random variables and sampling distributions. Prerequisite: MAT316.  MAT 430  Actuarial Modeling I
(3 credits, alternate years, consult department) This course is an introduction to the study of contingent payment models. Topics include: economics of insurance, individual risk models, survival distributions and life tables, benefit reserves, multiple life functions, multiple decrement models and introductory loss models. Prerequisite: MAT416.  MAT 431  Actuarial Modeling II
(3 credits, alternate years, consult department) This course continues Actuarial Modeling I and concentrates on loss models. Topics include: frequency and severity, aggregate loss models, discrete and continuous time ruin models, construction of empirical models, parameter estimation and model selection. Prerequisite: MAT430.  Cognate requirements
 ACC 215  Principles of Financial Accounting
(4 credits) This course covers the basic introduction to financial management and financial accounting, including an understanding of the concepts, principles and practices in these areas.  ACC 216  Principles of Managerial Accounting
(3 credits) This course covers the basic concepts, principles and practice in managerial accounting, including the use of accounting in management decision making. Prerequisite: ACC215.  BUS 300  Principles of Finance
(2 credits) This course covers the basic principles, theory and techniques of financial decisionmaking in the structure of a corporation. Prerequisites: ACC215 and ACC216; and either MAT109 or MAT117.  BUS 304  Investments
(4 credits) Models of risk and return are carefully developed to provide a basis for assessing investment opportunities and to enhance our understanding of the role and importance of financial markets. A considerable portion of the course will be devoted to the pricing of derivative securities including options, forward contracts and futures contracts. Prerequisite: BUS300 or ACC315.  BUS 404  Advanced Corporate Finance
(4 credits) This course is a continuation of Principles of Finance. We will explore topics such as the cost of capital, capital structure and dividend policy, and analyze their significance in longterm financing decisions. We will also examine international aspects of corporate finance and the management of risk with derivative securities. Prerequisite: BUS300 or ACC315.  ECO 314  Intermediate Macroeconomics
(4 credits; alternate years, consult department) Builds on the concepts of inflation, unemployment and economic growth learned in principles level macroeconomics. Introduces models with which the student will become more proficient in understanding how the economy works. Prerequisite: ECO214 and MAT111 or 112.  ECO 315  Intermediate Microeconomics
(4 credits; alternate years, consult department) This course will examine economic theory and methodology with emphasis on the principles of price determination, consumer behavior, market equilibrium, optimality of resource allocation, production and costs, comparison of market structures, and the behavior of firms in nonperfect competition. Prerequisite: ECO213 and MAT111 or 112.  Total credits required: 60

Note:
*Economics 390Game Theory may be used as a mathematics elective course



