|TIME OF MEETING:||Tue & Thr 9:45 - 11:05|
|PLACE:||Earth Science 142|
|INSTRUCTOR:||Karin Reinhold, ES 128A, phone 442-4641|
|Office hours: To be determined or by appt., or by e-mail.|
|TEXT:||Actuarial Mathematics, by Bowers, Gerber, Hickman, Jones, and Nesbitt, 2nd Edition, Society of Actuaries.|
|PRE-REQUISITE:||Theory of Interest Math 301, Discrete Probability Math 367|
MAT 403A-503A is the first semester of a year long course on Life Contingencies and serves as preparation for exam Course 3 of the Society of Actuaries.
Topics covered include chapters 3 to 10 of the textbook.
The objective is to understand the topics of life contingecies and get the basic preparation for Exam Course 3 of the Society of Actuaries. This include getting familiar with the actuarial mathematics notation and to be able to solve problems. As with theory of interest, the difficulty in this course is to keep definitions and notation straight. It is a nice blend of simple probability and interest theroy. Basic knowlegde of statistics is a plus, but anyone who already took or is preparing exam Course 1 has more than enough background.