24 courses in the 1981–82 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Note
Course descriptions are given under the new course numbers introduced in 1981. The old numbers appear in brackets.
The theory of rates of interest and discount. Annuities and sinking funds with practical applications to mortgage and bond questions. Yield rates..
Prereq: At least second year standing.
N.B.: Only one of ACTSC 221, 231 can be taken for credit. Students planning to enrol in Honours Actuarial Science must take ACTSC 231.
(STAT 270)
The theory of rates of interest and discount including the theoretical continuous case of forces of interest and discount. Annuities and sinking funds, including the continuous case. Practical and theoretical applications, primarily to mortgages and bonds. Yield rates.
Prereq: Math 130a/b ; N.B.: Only one of ACTSC 221, 231 can be taken for credit. Students planning to enrol in Honours Actuarial Science must take ACTSC 2317.
Applications of probability to. problems of life and death. The determination of single and annual premiums for assurances and annuities. Reserves. Company expenses and their incorporation into premium and cash value calculations. / Prereq: ACTSC 221 or 237 and MTHEL 305a
(STAT 284)
An advanced course on problems with single lives, ‘ including population theory.
Prereq: ACTSC 232
An advanced course on problems with multiple lives; multiple decrement theory; accidental death and disability benefits.
Prereq: ACTSC 331.
(STAT 273).
Course Descriptions Actuarial Science
A course in the calculus of finite differences, to include: summation, numerical integration and differentiation, relation between integration and summation; error theory; topics in numerical analysis.
Prereq: Math 130a/b, 134a/b
(STAT 373)
Listed without a description.
Topics in Actuarial Mathematics for students intending to take the professional examinations. Prereq: ACTSC 231, 337
Monte Carlo Theory. Distribution of Aggregate claims. Classification of Risk.
Prereq: Stat 330, Math 332B or consent of instructor.
(STAT 477)
Calculations of net premiums and reinsurance premiums. Ruin theory. Utility theory.
Prereq: ACTSC 431
(STAT 487)
Methods of analysis of data to produce raw rates for mortality, morbidity and other tabies.
Prereq: ACTSC 232, or consent of instructor.
(STAT 475)
Topics in demography with emphasis on population projections, mortality theories, and construction of life tables.
Prereq: ACTSC 232, or consent of instructor.
intending to take the professional examinations. Prereq: ACTSC 232, 331, 332, or consent of instructor.
Listed without a description.
Listed without a description.
Theory and practice of pension plan funding. Assumptions, basic actuarial functions and population theory applied to private pensions. Concepts of Normal Costs, Supplemental Liability, Unfunded Liability arising from individual Accrued Benefit and Projected Benefit cost methods. Prereq: ACTSC 332, or consent of instructor.
(STAT 472)
Group and other generalized cost methods for Pension plans. Effects of early retirements, plan design and actuarial assumptions on Pension costs. Cost forecasts applied to private and public pension plans - in particular to the CPP.
Prereq: ACTSC 435, 453, or consent of instructor.
Topics in insurance financial reporting and in the analysis of gains and losses. : Prereq: ACTSC 332
Taxation of life insurance, insurance companies and employee benefits.
Prereq: ACTSC 332, MTHEL 305a and 305b
Topics in Canadian and American Insurance Law. Prereq: ACTSC 331, MTHEL 305a and 305b
Topics in casualty insurance chosen from areas such as coverages, rate-making and underwriting. Prereq: ACTSC 232
Selected topics for the advanced actuarial student. N.B.: May or may not be offered 1981-82.
(STAT 470)
Selected topics for the advanced actuarial student. Prereq: Consent of instructor.
(STAT 480)
Course Descriptions - 379 Actuarial Science . .