ACTU 409 — Introduction to Actuarial Mathematics
Statistics · University of Ghana
To provide introductory preparation in Actuarial mathematics and their applications. Deterministic theory of interest (i.e. traditional compound interest, cash-flow modelling; annuities certain, bond market theory), Introduction to contingent claims analysis (i.e. definition of derivative securities, no arbitrage principle); Stochastic calculus for finance (conditional expectation, introduction to martingales, stochastic integrals and differential equations, pricing and hedging of derivatives); Stochastic theory of interest; interest rate models (discrete and continuous time); derivatives on interest rates and bonds; Dynamic portfolio management (asset-liability modeling; introduction to stochastic optimal control); Introductory applications to insurance liabilities (embedded options in life insurance; valuation techniques for embedded options) STATISTICS
- Credits
- 3
- Level
- Level 400
- Semester
- Semester One
Other courses on this programme
- ACTU 403 — Elements of Life Insurance
- ACTU 404 — Pensions and Social Security
- ACTU 407 — Survival Analysis and Modelling
- STAT 440 — Data Analysis II (Pre-req. STAT 222, 233)
- STAT 441 — Statistical Inference: Estimation (Pre-req. STAT 331, 333)
- STAT 442 — Statistical Inference: Tests of Hypotheses (Pre-req. STAT 331, 334)
- STAT 444 — Survey Organization and Management (Pre-req. STAT 335)
- STAT 445 — Regression Analysis (Pre-req. STAT 334)
- STAT 446 — Multivariate Methods (Pre-req. STAT 332)
- STAT 447 — Non-Parametric Statistics (Pre-req. STAT 333, 304)
- STAT 448 — Analysis of Experimental Designs (Pre-req. STAT 336)
- STAT 450 — Project
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Start freeCourse details from University of Ghana Volume 3 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Sciences (2017).