26 courses in the 1985–86 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Course Descriptions
Courses not offered in the current academic year are listed at the end of this section.
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 Credit will be granted for only 1 of ACTSC 221, 231. ACTSC 221 cannot be counted for credit toward a BMath Honours Actuarial Science degree.
An introduction to the mathematical basis underlying insurance and other types of financial programs including uncertain future events and discounting. Prereq: ACTSC 221 or 231 Credit will be granted for only 1 of ACTSC 222, 232. ACTSC 222 cannot be counted for credit toward a BMath Honours Actuarial Science degree.
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 1308
Credit will be granted for only 1 of ACTSC 221, 231.
Application of probability to problems of life and death. The determination of single premiums for insurances and annuities in both the discrete and continuous case. Multiple decrement theory. .
Prereq: ACTSC 231, MTHEL 305a, STAT 230
Creait will be granted for only 1 of ACTSC 222, 232.
Net annual premiums and net level premium reserves. The effect of expenses. The determination of gross premiums, modified reserves, and nonforfeiture options.
Prereq: ACTSC 232
Joint Life, last survivor probabilities, insurances and annuities. Stable and Stationary populations. Introduction to pension mathematics.
Prereq: ACTSC 232
Problem formulation and solution techniques in linear programming. Project scheduling with applications in insurance. Introduction to dynamic and integer programming.
Prereq: MATH 234A
Coreq: ACTSC 232
Credit will be granted for only 1 of ACTSC 335, C&O 350 ~
Credit will be granted for only 1 of ACTSC 335, C&O 370
Theory and methods of data graduation
with particular reference to life tables. Prereq: ACTSC 232 or consent of
instructor
Monte Carlo Theory. Distribution of Aggregate claims. Classification of Risk. Prereq: ACTSC 232 Coreq: STAT 333
Calculations of net premiums and reinsurance premiums. Ruin theory. Utility theory. Credibility theory.
Methods of analysis of data to produce raw rates for mortality, morbidity and other tables.
Prereq: ACTSC 232 or consent of instructor
16.91
ACTSC 4385 W 3C 05 Introduction to Demographic Statistics Topics in demography with emphasis on population projections, mortality theories, and construction of life tables.
Prereq: ACTSC 232 or consent of — instructor
The effects of medical and non-medical risk factors on bodily systems are explored to determine the amount and incidence of additional morbidity and mortality. Techniques for expressing the increased risk in premiums and reserves: are investigated.
Coreq: MTHEL 305b, ACTSC 331
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
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 453 or consent of instructor
Topics in insurance financial reporting including amortization of gaine, the — Canadian method of actuarial reserves, investment and currency reserves, and the analysis of gains and losses. Prereq: ACTSC 331 or consent of instructor
Taxation of fife insurance, insurance
companies and empioyee benefits. Prereq: ACTSC 332, MTHEL 305b
Insurance Law . Topics in Canadian and American Insurance Law.
Prereq: ACTSC 331, MTHEL 305b
16.92 oR
Topics in casualty insurance chosen from areas such as coverages, ratemaking and underwriting.
Prereq: ACTSC 232
Not offered in 1985–86.
Not offered in 1985–86.
Not offered in 1985–86.
Not offered in 1985–86.
Not offered in 1985–86.
Not offered in 1985–86.
Not offered in 1985–86.
Not offered in 1985–86.