Courses

  • MET AT 731: Actuarial Mathematics I
    Undergraduate Prerequisites: MET MA 225 ; MET MA 581 ; MET AT 721.
    This course covers the fundamental principals of actuarial science. It begins with a discussion of survival models, including the functions that define them and special cases. A comparison is made between discrete and continuous models. Topics in the actuarial aspects of insurance will be covered, as will determination of annuities. Finally, the course will discuss the methodology of calculation of premiums. For all these topics, a basic framework will be presented, then more sophisticated models will be developed.
  • MET AT 732: Actuarial Mathematics II
    Graduate Prerequisites: MET AT 731 or consent of instructor.
    This course builds on the topics developed in MET AT 731. Insurance Reserves are introduced, and methods for determining reserves are studied. The course covers multiple life functions and multiple decrement functions. The latter part of the course focuses on ruin models.
  • MET AT 741: Actuarial Statistics I
    Graduate Prerequisites: CAS MA 582.
    This course covers distributions of the size and frequency of insurance claims. Topics include empirical estimation, parametric estimation, Bayesian estimation, models for incomplete data, and evaluation of estimation processes. It also includes modeling problems that arise from truncation and modification at zero, compound frequency, as well as the interaction of frequency with severity and exposure. The course emphasizes applications of statistical principles in actuarial models and modeling.
  • MET AT 742: Actuarial Statistics II
    Undergraduate Prerequisites: MET MA 582 or CAS MA 582.
    This course covers: compound model for aggregate claims; credibility theory, including the Buhlmann-Straub credibility model; and empirical Baysian methods. Also included are process models for insurance, discrete, and finite-time ruin probabilities. The course emphasizes applications of statistical principles in actuarial models and modeling.
  • MET AT 743: Regression and Time Series
    Prereq: CAS MA 582 or MET MA 582 Mathematical Statistics consent of instructor. Part I of this course will cover simple and multiple regressions, serial correlation and heteroscedasticity, analysis of residuals, and stepwise analysis techniques. Part II will cover time series analysis including smoothing and extrapolation of time series, linear time series models, model building procedure, and forecasting, as well as case studies.
  • MET AT 751: Individual Insurance Applications of Actuarial Principles
    This course covers the application of basic actuarial principles to individual life and annuity financial security systems. Material covered will include the purpose of these systems, the development of financial security products, risk classification, actuarial pricing assumptions, the calculation of product cash flows, the purpose of reserves and different reserve methods. Taxation, required capital, profit measurement, and reinsurance considerations will also be studied.
  • MET AT 754: Casualty Insurance Principles
    MET AT 754 is a survey of the Property and Casualty Industry from an actuarial science perspective. Topics will include the theory of insurance, including what risks are insurable, how to calculate premiums on them, and pay losses on the inevitable claims; the history of the insurance industry, focusing on court cases that shaped the current regulatory structure; the basic policy structures of homeowners, auto, and liability insurance; and reinsurance.
  • MET AT 761: Mathematics for Investment and Portfolio Theory
    Undergraduate Prerequisites: MET MA 225, CAS MA 581, and MET AT 721
    This course covers the risk and return characteristics of primary financial products, fundamental principles of modern portfolio theory, term structures and yield curves, Markowitz Portfolio Selection Model, CAPM and its applications to portfolio management, derivative securities, duration, immunization, and interest rate risk management.
  • MET AT 762: Mathematical Finance for Actuarial Science
    Graduate Prerequisites: MET MA225 Multivariate Calculus, MET MA581/CAS MA581 Probability, andMET AT 721 Mathematics of Compound Interest
    This course covers the analysis of derivative products and their use in insurance and risk management strategies. It covers selected aspects of rational valuation of derivative products like put-call parity, binomial option, and Black Scholes option pricing model. 4cr.
  • MET AT 782: Pension Mathematics and Mortality Tables
    Undergraduate Prerequisites: (MET MA581 or CAS MA581) and MET AT721
    This course covers pension actuarial funding methods and the use of life contingencies. Included are analyses of the funding methods allowable under ERISA, their computation, and uses. We will also review the use of mortality tables, and discuss the various actuarial functions that are used in pension actuarial calculations. Finally, the course will review implications for pension funding under the IRS Code.
  • MET AT 981: Internship in Actuarial Science I
    The course is offered to students who seek practical applications of actuarial principles in insurance companies, financial institutions, pension consulting firms, and other related fields.
  • MET AT 982: Internship in Actuarial Science II
    Graduate Prerequisites: MET AT722 and AT731 and cumulative GPA of 3.3 or higher and consent of instructor
    The course is offered to students who seek practical applications of actuarial principles in insurance companies, financial institutions, pension consulting firms, and other related fields. The course requires students to participate in an internship program within the industry. Students need to submit monthly progress reports and a final semester report to the Chairman, Department of Actuarial Science at Boston University.
  • MET AT 990: Seminar in Actuarial Science
    Seminars are offered for special topics related to actuarial science, life insurance, casualty insurance, insurance medicine, mortality and mobility, health outcomes, economics, policy, pension, social insurance, mathematical finance, statistics, and other related fields. Variable cr.
  • MET AT 991: Directed Studies I
    The course is offered to students who plan to engage in special research topics under the supervision of a faculty advisor. Application is made through the Department of Actuarial Science.
  • MET AT 992: Directed Studies II
    The course is offered to students who plan to engage in special research topics under the supervision of a faculty advisor. Application is made through the Department of Actuarial Science.
  • MET BI 105: Introductory Biology for Health Sciences (N)
    Principles of biology: emphasis on cellular structure, heredity, development, and organic evolution. Intended for nonmajors as well as for those concentrating in the health and paramedical sciences. Laboratory course. Three hours lecture, two hours lab.
  • MET BI 106: Human Anatomy (N)
    Undergraduate Prerequisites: MET BI 105.
    Gross structure of the human body: skeletal, muscular, nervous, respiratory, circulatory, digestive, urinary, and reproductive systems. Laboratory course. Three hours lecture, two hours lab.
  • MET BI 107: Biology I: Evolution, Ecology, and Behavior
    Assumes year of high school biology and chemistry. For premedical students and students who plan to concentrate in the natural sciences. Required of biology concentrators. It is recommended that MET CH 101 and CH 102 be taken prior to or concurrently with this sequence. Each course has three hours lecture and three hours lab.
  • MET BI 108: Biology II: Cells, Genetics, Development, and Physiology
    Assumes year of high school biology and chemistry. For premedical students and students who plan to concentrate in the natural sciences. Required of biology concentrators. It is recommended that MET CH 101 and CH 102 be taken prior to or concurrently with this sequence. Each course has three hours lecture and three hours lab. Course examines cells, genetics, development, physiology, and neurobiology.
  • MET BI 203: Cell Biology (CM)
    Undergraduate Prerequisites: MET BI 108 and MET CH 102.
    Principles of cellular organization and function: biological molecules, enzymes, bioenergetics, membranes, motility, regulatory mechanisms. Three hours lecture, one hour discussion.