Topics in Applied Math: Financial and Actuarial Mathematics

(3 Credit Hours) · Undergraduate

Mission Statement of the Actuarial Profession: To develop the role and enhance the reputation of the actuarial profession in providing expert and relevant solutions to financial and business problems, especially those involving uncertain future events. This module will show how to solve financial and business problems in actuarial science. The module is divided into five units: 10. Investments 11. Simple Compound Interest Problems 12. Forward Contracts and the No Arbitrage Assumption 13. Term Structure of Interest Rates 14. Stochastic Interest Rate Models. Use of Excel spreadsheets and simple VBA programmes to carry out data analyses and financial modelling.