ACS 450 - Financial Mathematics

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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) are also covered. Replaces APM/ECN 450 Risk Management. Usually offered during the winter semester. Satisfies the university general education requirement for the capstone experience.
Prerequisite(s): STA 427, FIN 322, ACC 301.