Actuarial Science Certificate

Focuses on time series analysis and forecasting methodologies applied to problems typically encountered in economics and finance. Computer applications will be used to reinforce the theoretical models.

Applies the concepts of risk, return and diversification to standard capital budgeting problems. Students are introduced to basic option valuation and to the use of options and futures contracts for hedging purposes. There is a discussion of the implications of market efficiency and agency problems on corporate decisions. Finally, corporate capital structure decisions are examined.

First course for the individual investor. Topics include idea of investment value; necessary prerequisites for an investment program; policies; economic and industry factors; introduction to security analysis and valuation; operation of security markets; security laws.

Surveys the risk management and insurance disciplines from the individual’s perspective. The course incorporates an award-winning project in which students create their own grade insurance product and market it to other students. Recommended for all students, regardless of major field of interest. This course also serves as a basis for more advanced RMIN courses.

The mathematical theory of interest with applications to investments and corporate finance. Topics include present and future values; annuities and variable cash flows; yield rates; amortization schedules; loans; valuation of stocks, bonds and other securities; and the assessment of corporate financial performance using standard financial methods.