| Course Winter Timetable |

For Distribution Requirement purposes, all ACT courses are classified as SCIENCE courses (see Pages 37ff).

ACT240H1

Mathematics of Investment and Credit 26L, 13T
Interest, discount and present values, as applied to determine prices and values of annuities, mortgages, bonds, equities; loan repayment schedules and consumer finance payments in general; yield rates on investments given the costs on investments.
Prerequisite: MAT133H1/135H1/137H1/157H1

ACT245H1

Fundamental Principles of Actuarial Science 26L, 13T
Introduction to basic concepts of risk management; utility theory; application of calculus and probability to analyze claim and loss frequency and severity of distributions; premium determination; insurance with deductible, reinsurance and self-insurance.
Prerequisite: ACT240H1; MAT 137Y1/157Y1; STA257H1
Co-requisite: MAT237Y1

ACT247H1

Introductory Life Contingencies 39L
Probability theory applied to survival and to costs and risks of life assurances, life annuities, and pensions; analysis of survival distributions; international actuarial notation, annual benefit premium.
Prerequisite: ACT240H1; MAT 137Y1/157Y1; STA257H1
Co-requisite: MAT237Y1

ACT348H1

Advanced Life Contingencies 39L
Determination of benefit reserves for life insurance and annuities; analysis of insurance loss random variables; theory of life contingencies for multiple lives, multiple decrement theory.
Prerequisite: ACT240H1 (minimum grade C); ACT245H1 (minimum grade C); 247H (minimum grade C); (STA257H1,261H1); MAT235Y1/237Y1

ACT349H1

Topics in Actuarial Mathematics 26L, 13T
Actuarial applications of financial mathematics and economics.
Prerequisite: Prerequisite: ACT240H1 (minimum grade C); ACT245H1 (minimum grade C); 247H (minimum grade C); (STA257H1, 261H1); ECO206Y1

ACT370H1

Asset and Liability Management 39L
Duration and immunization of fixed income cash flows; stochastic interest rate models applied to the valuation of interest contingent fixed income securities; introduction to valuation of financial derivatives.
Prerequisite: ACT240H1 (minimum grade C); ACT245H1 (minimum grade C); 247H (minimum grade C); (STA257H1,261H1); MAT235Y1/237Y1

ACT398H0/399Y0

Independent Experiential Study Project

An instructor-supervised group project in an off-campus setting. See page 44 for details.

ACT451H1

Risk Theory 39L
Collective risk model; payment and loss random variables; claim count process; the surplus process; ruin models.
Pre- or co-requisite: ACT348H1; STA347H1

ACT455H1

Advanced Topics in Actuarial Mathematics 39L
Applications of probability models and stochastic processes; simulation models.
Prerequisite: ACT348H1, 451H1; STA347H1

ACT460H1

Estimation of Survival and Loss Models 39L
Maximum likelihood estimation, censoring and truncation. Non-parametric and semi-parametric methods.
Prerequisite: ACT348H1; STA257H1; STA261H1

ACT466H1

Credibility Theory and Loss Models 39L
Bayesian estimation, credibility theory, maximum likelihood methods; properties of loss models.
Prerequisite: ACT348H1; STA257H1, 261H1

ACT470H1

Advanced Pension Mathematics 39L
Topics in pension mathematics; funding methods for pension plans. (Offered in alternate years)
Prerequisite: ACT348H1 or permission of instruction

ACT471H1

Actuarial Applications of Finance 39L
Assets, liability and investment management for pension plans. (Offered in alternate years)
Prerequisite: ACT348H1 or permission of instruction

ACT472H1

Issues in Actuarial Practice 39L
Practical issues that arise for insurance, pension and casualty actuaries.
Prerequisite: ACT348H1

ACT496H1/497H1

Readings in Actuarial Science
TBA
Independent study under the direction of a faculty member. Persons wishing to take this course must have the permission of the Undergraduate Secretary and of the prospective supervisor.

ACT498Y1/499Y1

Readings in Actuarial Science
TBA
Independent study under the direction of a faculty member. Persons wishing to take this course must have the permission of the Undergraduate Secretary and of the prospective supervisor.
• AFRICAN STUDIES — See New College

• AKKADIAN — See Near and Middle Eastern Civilizations

• ANATOMY— See ANA: Life Sciences