Actuarial Science Major
| Requirements |
| Mathematics electives 6 * (excluding 090, 105, 107, 109, 111, 117 and 308) |
| MAT 112 - Calculus I |
| MAT 180 - Logic and Discrete Mathematics |
| MAT 211 - Calculus II |
| MAT 212 - Calculus III |
| MAT 316 - Probability and Statistics I |
| MAT 317 - Linear Algebra |
| MAT 416 - Probability and Statistics II |
| MAT 430 - Actuarial Modeling I |
| MAT 431 - Actuarial Modeling II |
| Cognate requirements |
| ACC 215 - Principles of Financial Accounting |
| ACC 216 - Principles of Managerial Accounting |
| BUS 300 - Principles of Finance |
| BUS 304 - Investments |
| BUS 404 - Advanced Corporate Finance |
| ECO 314 - Intermediate Macroeconomics |
| ECO 315 - Intermediate Microeconomics |
| Total credits required: 60 |
Note:
*Economics 390-Game Theory may be used as a mathematics elective course
This course covers the basic principles, theory and techniques of financial decision-making in the structure of a corporation.Prerequisites: ACC215 and 216 and MAT117.(2 credits)
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.(3 credits, alternate years, consult department)
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. (4 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.(3 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.(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.(4 credits)
A post-calculus 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.(3 credits, alternate years, consult department)
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.(3 credits)
A continuation of Probability and Statistics I. Emphasis will be placed on functions of random variables and sampling distributions.Prerequisite: MAT316.(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.(3 credits, alternate years, consult department)
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 long-term financing decisions. We will also examine international aspects of corporate finance and the management of risk with derivative securities.Prerequisite: BUS300 or ACC315.(4 credits)
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. (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. (4 credits; alternate years, consult department)
This course covers the basic introduction to financial management and financial accounting, including an understanding of the concepts, principles and practices in these areas.(4 credits)
This course covers the basic concepts, principles and practice in managerial accounting, including the use of accounting in management decision- making.Prerequisite: ACC215.(3 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. (4 credits)
