COURSE SYLLABUS

Course Number: MATH 6800
Course Title:  Actuarial Mathematics I
Credit Hours:  3
Prerequisites: STAT/MATH 6670 
Corequisite:   none

Course Content/Objectives:

* A development of the mathematical theory of life insurance and annuities.
* A preparation for the Actuarial Mathematics examination administered by the Society of Actuaries.

  week
  1-2.  Introduction and review of probability theory
    3.  Utility theory
  4-5.  Individual and collective risk models
 6-7.  Survival distributions and life tables
    8.  Elements of the theory of interest
 9-10.  Life insurance 
11-12.  Life annuities  
13-14.  Net premiums
   15.  Tests, reviews, additional topics
 

Possible Textbook
Bowers-Gerber-Hickman-Jones-Nesbitt Actuarial mathematics, 2nd edition,
The Society of Actuaries, Schaumburg IL 1997.

Grading and Evaluation Procedures:
	
	Series of tests and projects, augmented by quizzes. The number, the weight of projects (e.g., more elaborate midterm and final projects), 
	and detail criteria are to be specified by the instructor at the beginning of the semester.
	
Statement related to policies on unannounced quizzes and class attendance:
	
	Particular policies on unannounced quizzes, class participation, homework depend upon an instructor and are announced at the beginning 
	of the semester.

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