**Lower Division Courses**
**
0001. Introduction to Actuarial Science (3 s.h.) ****F**** S**.
*Prerequisite: Mathematics C085 (with a grade of at least a B).*
*Co-Requisite: Mathematics CO86 (or equivalent).*
Cross Listed with 0091. Introduction to discrete probability models and basic mathematics of simple and compound interest.
**Note:** This course also meets an upper level major or business elective requirement.
**Mode:** Lecture and problem solving.
**
0061. Basic Actuarial Mathematics (3 s.h.) **** S**.
*Prerequisite: Mathematics C085, 0086, 0127, 0233, and RMI 0001 (or equivalents); or permission of the Program Director.*
Actuarial foundations from calculus and probability theory, with applications to risk management and insurance.
**Note:** This course also meets an upper level major or business elective requirement.
**Mode:** Problem solving.
**Upper Division Courses**
**
0101. Theory of Interest (3 s.h.) ****F**** S**.
*Prerequisite: Mathematics C085, 0086, and Actuarial Science 0001 (or equivalent courses)(with at least a B in all of the prerequisites).*
*Co-Requisite: Mathematics 0127.*
Generalized and compound interest theory with applications to annuities, amortization, depreciation, valuation of securities, and bond yield determinations.
**Mode:** Lecture and problem solving.**
W218. Casualty Contingencies (3 s.h.) **** S**. Core: WI.
*Prerequisite: Mathematics C085, 0086, 0127, Actuarial Science 0001 and Risk Management 0001 (with at least a grade of B in all prerequisites).*
*Co-Requisite: Mathematics 0233 (or equivalent) or permission of the Program Director.*
This is the writing-intensive course for majors in Actuarial Science. The course presents the basic mathematical and statistical techniques for the pricing of, and reserving for, property-liability insurance coverages. The material will be presented through lectures, and absorbed through independent work by the students.
**Mode:** In addition to homework and exams, there will be significant writing assignments and a major group presentation project
.**
0305. Actuarial Modeling I (3 s.h.) **** S**.
*Prerequisite: Mathematics 0233, Actuarial Science 0101 (or equivalents), Risk Management 0001(with at least a grade of B in Actuarial Science 0101) or permission of the Program Director.*
Contingent payment models; applications of probability theory to life insurance and annuities, premiums, and reserves.
**Mode:** Lecture and problem solving.**
0306. Actuarial Modeling II (3 s.h.) ****F**.
*Prerequisite: Actuarial Science 0305 (or equivalent), Mathematics 0234 (or equivalent).*
*Co-Requisite: Statistics 0351 (or equivalent).*
Joint distribution and multiple decrement models. Frequency and severity, and compound distribution loss models. Introduction to ruin theory.
**Mode:** Lecture.**
0316. Actuarial Modeling III (3 s.h.) **** S**.
*Prerequisite: Mathematics 0333, Actuarial Science 0306 (or equivalents).*
Estimation and fitting of survival, frequency and severity, and compound distribution loss models; credibility methods.
**
0394. Special Topics (3 s.h.) **
*Prerequisite: Permission of the Program Director.*
Current developments in the field of actuarial science.
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