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Actuarial Science
1021A/B -
Introduction to Financial Security Systems
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The nature and cause of financial security and insecurity; public, private and employer programs and products to reduce financial insecurity, including social security, individual insurance and annuities along with employee pensions and benefits.
Antirequisite(s):
The former Actuarial Science 2421A/B.
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Corequisite(s):
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Actuarial Science
2053 -
Mathematics for Financial Analysis
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Simple and compound interest, annuities, amortization, sinking funds, bonds, bond duration, depreciation, capital budgeting, probability, mortality tables, life annuities, life insurance, net premiums and expenses. Cannot be taken for credit in any module in Statistics or Actuarial Science.
Prerequisite(s):
Mathematics 0110A/B or Grade 12U Advanced Functions and Introductory Calculus (MCB 4U) or equivalent, and 1.0 course or two 0.5 courses from Applied Mathematics, Calculus, Linear Algebra, or Mathematics.
Corequisite(s):
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Actuarial Science
2427A/B -
Life Contingencies I
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Models for the time until death, single life annuity and life insurance present values and their probability distributions.
Antirequisite(s):
The former Actuarial Science 3427A/B.
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Actuarial Science
2553A/B -
Mathematics of Finance
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Time value of money, accumulation and discount functions, effective rates of interest and discount and present values, as applied to annuities and other financial products, and/or applications including loan repayment schedules and methods.
Corequisite(s):
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Actuarial Science
2555A/B -
Corporate Finance
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Goal and governance of firms, bond and stock pricing, risk and return, portfolio theory, Capital Asset Pricing Model, capital budgeting, market efficiency, corporate financing.
Antirequisite(s):
Prerequisite(s):
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Actuarial Science
2557A/B -
Financial Markets and Investments
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Basic securities, financial market conventions, swaps, arbitrage pricing and hedging of forwards/futures, equity options, bonds, theories of the term structure, factors affecting option prices, arbitrage relations of calls and puts, trading strategies involving options, binomial model for stock prices, option pricing by replication under the binomial model.
Antirequisite(s):
Corequisite(s):
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Actuarial Science
3424A/B -
Loss Models I
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Insurance loss frequency and severity models; aggregate loss models; risk measures; ruin theory; simulation.
Antirequisite(s):
The former Actuarial Science 4424A/B.
Prerequisite(s):
A minimum mark of 60% in Statistical Sciences 3657A/B. Restricted to students enrolled in any Actuarial Science module, or those registered in the Honors Specialization module in Statistics or the Honors Specialization in Financial Modelling module.
Corequisite(s):
Pre-or Corequisite(s):
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Actuarial Science
3429A/B -
Life Contingencies II
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Single life annuity and life insurance loss random variables and their distributions, with applications to the analysis of benefit premiums and reserves.
Antirequisite(s):
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Actuarial Science
3431A/B -
Life Contingencies III
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Analysis of probability distributions and present values associated with multiple life models, multiple decrement models and more general multi-state models.
Antirequisite(s):
The former Actuarial Science 4422A/B.
Corequisite(s):
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Actuarial Science
4426F/G -
Actuarial Practice I
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Introduction to the major areas and issues of actuarial practice, including insurance and annuity product design, pricing and valuation, analysis of the cost of pensions and other employee benefits, asset liability management and professionalism.
Antirequisite(s):
Prerequisite(s):
A minimum mark of 60% in Actuarial Science 2427A/B (or the former Actuarial Science 3427A/B). Restricted to students who have completed all courses specifically mentioned in the Major in Actuarial Science module.
Corequisite(s):
Pre-or Corequisite(s):
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Actuarial Science
4823A/B -
Survival Analysis
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Survival models, nonparametric estimation of the survival function, one and two or more sample hypothesis tests, inference for semiparametric regression models, inference for parametric regression models.
Antirequisite(s):
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Actuarial Science
4824A/B -
Loss Models II
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Selection, calibration, and validation of parametric models for insurance losses; credibility theory; extreme value distributions, multivariate loss models, and their estimation.
Antirequisite(s):
Prerequisite(s):
A minimum mark of 60% in Statistical Sciences 3858A/B. Restricted to students enrolled in any Actuarial Science module, or those registered in the Honors Specialization module in Statistics or the Honors Specialization in Financial Modelling module.
Corequisite(s):
Pre-or Corequisite(s):
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Actuarial Science
4950A/B -
Selected Topics in Actuarial Science
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A course description will be available from the department at the time of registration.
Antirequisite(s):
Prerequisite(s):
A minimum mark of 60% in Actuarial Science 2427A/B (or the former Actuarial Science 3427A/B) and permission of the department.
Corequisite(s):
Pre-or Corequisite(s):
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Actuarial Science
4960F/G -
Selected Topics in Actuarial Science
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A course description will be available from the department at the time of registration.
Antirequisite(s):
Prerequisite(s):
A minimum mark of 60% in Actuarial Science 2427A/B (or the former Actuarial Science 3427A/B) and permission of the department.
Corequisite(s):
Pre-or Corequisite(s):
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Actuarial Science
4997F/G/Z -
Project in Actuarial Science
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The student will work on a project under faculty supervision. The project may involve an extension, or more detailed coverage, of material presented in other courses. Credit for the course will involve a written report as well as an oral presentation.
Prerequisite(s):
Registration in the fourth year of the Honors Specialization in Actuarial Science, Statistics, or Financial Modelling. Students must have a modular course average of at least 80% and must find a faculty member to supervise the project.
Corequisite(s):
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