ECN 450 - Risk Management

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Review of interest rate theory, probability theory, and probability distributions. Development of a variety of actuarial and risk models such as contingent payment models; life contingency models; frequency, severity and aggregate claims models. Risk metrics such as standard deviation and Value at Risk (VAR). Identical with APM 450. Cannot be used as an elective for the economics major or minor. Usually offered during summer semesters. Satisfies the university general education requirement for the capstone experience.
Prerequisite(s): FIN 322 and ACC 301 and STA 427 with a grade of 2.0 or higher.