| Course Winter Timetable |

ACT240H1
Mathematics of Investment & 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; MAT137Y1/MAT157Y1; 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; MAT137Y1/MAT157Y1; 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); 247H1 (minimum grade C); (STA257H1,STA261H1); MAT235Y1/MAT237Y1

ACT349H1
Topics in Actuarial Mathematics 26L, 13T

Actuarial applications of financial mathematics and economics.
Prerequisite: ACT240H1 (minimum grade C); ACT245H1 (minimum grade C); 247H1 (minimum grade C); (STA257H1, STA261H1); 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); 247H1 (minimum grade C); (STA257H1,STA261H1); MAT235Y1/MAT237Y1

ACT398H0/399Y0
Independent Experiential Study Project

An instructor-supervised group project in an off-campus setting. See page 40 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;
Prerequisite: ACT348H1, ACT451H1; STA347H1

ACT460H1
Estimation of Survival & Loss Models 39L

Maximum likelihood estimation, censoring and truncation. Non-parametric and semi-parametric methods.
Prerequisite: ACT348H1; STA257H1; STA261H1

ACT466H1
Credibility Theory & Loss Models 39L

Bayesian estimation, credibility theory, maximum likelihood methods; properties of loss models, simulation.
Prerequisite: ACT348H1; STA257H1, STA261H1

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.