26 courses in the 1988–89 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Courses not offered in the current academic year are listed at the end of this section.
Introductory Note
More detailed course descriptions and course outlines are available in the Actu arial Science Undergraduate Handbook.
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
Antireq: ACTSC 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
Antireq: ACTSC 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.
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
Antireq: ACTSC 222
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
Antireq: C&O 350, 370
Theory and methods of data graduation
with particular reference to life tables. Prereq: ACTSC 232 or consent of
instructor
Individual risk models. Claim frequency distributions. Distribution of Aggregate claims. Applications in insurance. 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 taw rates for mortality, morbidity and other tables.
Prereq: ACTSC 232 or consent of instructor
ACTSC 4385 W 3C 0.5 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
Course Descriptions 16:95 Mathematics: Actuarial Science
The effects of medical and non-medical tisk 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 actu-
arial 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 assets, liabilities, surplus, amortization of gains, the Canadian method of actuarial reserves, investment and currency reserves, and the analysis of gains and losses.
Prereq: ACTSC 331 or consent of instructor
Topics in casualty insurance chosen from areas such as coverages, rate-making and underwriting.
Prereq: ACTSC 232
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Listed without a description.
Listed without a description.
Listed without a description.