You are viewing an archived Georgia State catalog. For the current catalog, please visit catalog.gsu.edu.
AS 3230 Financial Mathematics
Credit Hours 3.0
Prerequisites MATH 2212
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description

Topics include measure of interest, accumulation and discount, forces of interest and discount, equations of value, annuities, perpetuities, loan amortization, yield rates, bonds and securities, duration and convexity, immunization, determinants of interest rates, the term structure, and interest rate swaps.

AS 3230L Financial Mathematics Lab
Credit Hours 1.0
Corequisites AS 3230
Description

Recommended to be taken concurrently with AS 3230 to prepare for SOA Exam FM.

AS 4140 Probability
Credit Hours 3.0
Prerequisites MATH 2215
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description

This course covers univariate probability distributions, including the binomial, negative binomial, geometric, hypergeometric, Poisson, uniform, exponential, gamma, and normal; multivariate joint distributions, conditional and marginal distributions, moments and generating functions, transformations of random variables, order statistics, and the central limit theorem.

AS 4140L Probability Lab
Credit Hours 1.0
Corequisites AS 3230
Description

Recommended to be taken concurrently with AS 4140 to prepare for SOA Exam P.

AS 4260 Microeconomic Foundations of Actuarial Science
Credit Hours 3.0
Prerequisites ECON 2106 and concurrent registration in AS 4230
Description

This course covers the applications of interest theory and calculus to intermediate microeconomics in an actuarial context.

AS 4320 Loss Models and Credibility
Credit Hours 3.0
Prerequisites AS 4140
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description

This course covers the application of basic stochastic models in an actuarial setting. Topics include frequency-severity models, compound distributions, risk measures, selection and evaluation of parametric models, classical credibility, Buhlmann and Buhlmann-Straub credibility, and Bayesian credibility.

AS 4340 Life Contingencies I
Credit Hours 3.0
Prerequisites AS 3230, AS 4140, and MATH 4751
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description

This course is an introduction to life contingencies as applied in actuarial practice. Topics include survival models and their estimation, life tables, present value random variables for contingent annuities and insurance, their distributions and actuarial present values, and principles for determining premiums.

AS 4350 Life Contingencies II
Credit Hours 3.0
Prerequisites AS 4340
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description

This course is a continuation of the study of life contingencies. Topics include insurance and annuity reserves, characterization of discrete and continuous multiple state (life and/or decrement) models in insurance, pension benefits, and profit testing.

AS 4360 Ratemaking and Loss Reserving
Credit Hours 3.0
Prerequisites AS 4320
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description

This course introduces prmium rate development and loss reserving for non-life insurance. Students will learn about various non-life insurance coverages, such as auto insurance, homeowners insurance, workers compensations, fire insurance, etc.

AS 4389 Directed Readings in Actuarial Science
Credit Hours 1.0 - 3.0
Prerequisites Consent of instructor
Description
AS 4510 Derivative Valuation and Risk Management
Credit Hours 3.0
Prerequisites AS 3230 and AS 4140
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description

This course introduces quantitative methods for pricing financial derivatives and managing the risk of asset portfolios. Topics include risk-weighted returns, the efficient frontier, CAPM and factor models, futures, forwards, European, American, and exotic options, option spreads, put-call parity, the binomial model, the Black-Scholes formula, option Greeks, and hedging for risk management.