ACTUARIAL SCIENCE METHODS II

Prerequisites & course information

Requisites: ( ACT SCI 303 or concurrent enrollment), declared in Capstone Certificate in Actuarial Science, or declared in undergraduate Business Exchange program. Not open to graduate students. Course Designation: Core GenEd - Mathematics & Quantitative Reasoning Repeatable for Credit: Yes, for 2 number of completions Last Taught: Spring 2024 Learning Outcomes: 1. Illustrate the impact of the time value of money on decisions both in their professional and personal life. Audience: Undergraduate 2. Compare and contrast the dynamics of key financial instruments including annuities, bonds and loans as well as calculate the price and other significant values of these instruments. Audience: Undergraduate 3. Demonstrate the importance of immunizing asset and liability portfolios against changes in interest rates and describe methods of immunization. Audience: Undergraduate 4. Explain the determinants of interest rates. Audience: Undergraduate 5. Differentiate between the different types of measures of rate of return and return on investment and calculate those rates given a set of cash flow assumptions. Audience: Undergraduate 6. Calculate the value of interest rate swaps. Audience: Undergraduate Learning Outcomes: 1. Illustrate the impact of the time value of money on decisions both in their professional and personal life. Audience: Undergraduate 2. Compare and contrast the dynamics of key financial instruments including annuities, bonds and loans as well as calculate the price and other significant values of these instruments. Audience: Undergraduate 3. Demonstrate the importance of immunizing asset and liability portfolios against changes in interest rates and describe methods of immunization. Audience: Undergraduate 4. Explain the determinants of interest rates. Audience: Undergraduate 5. Differentiate between the different types of measures of rate of return and return on investment and calculate those rates given a set of cash flow assumptions. Audience: Undergraduate 6. Calculate the value of interest rate swaps. Audience: Undergraduate