Courses

NOTE: This site is an archive of 2010–2011 programs and policies at Boston University Metropolitan College. If you are looking for current information about Metropolitan College and its programs, please go to our official website: met.

• MET AR 802: Internship in Arts Administration
  Two consecutive two-credit courses for planning (AR 802) and fieldwork (AR 803) phases of the internship. Arts Administration degree students only.
• MET AR 803: Internship in Arts Administration
  Two consecutive two-credit courses for planning (AR 802) and fieldwork (AR 803) phases of the internship. Students may not register for MET AR 803, or begin their actual internship until they have completed a minimum of six of the ten required courses. Arts Administration degree students only.
• MET AR 804: Advanced Management and Consulting for Arts Organizations
  The purpose of this course is to increase students' ability to analyze and solve problems that confront arts organizations. Students will apply financial, marketing, fundraising, and legal knowledge and techniques to (1) in-class discussion of key management issues of concern to senior leadership, and (2) a semester-long consulting project which partners and team of students with a local arts organization. Permission from instructor required/arts administration students only. Students may not register for MET AR 804 until they have completed a minimum of six required courses.
• MET AT 601: Laboratory for Actuarial and Financial Data Analysis I
  The seminar provides students with knowledge and skills to develop actuarial and financial databases, and implement statistical modeling techniques as an integral part of automated data analysis. Real data will be used so that students may have the opportunity to gain hands-on experience in assisting decision making related to the actuarial field and financial market. Microsoft Access, especially Access Basic and DLL (Dynamic Link Library), as well as SAS will be used as major computer tools. Offered in the fall semester.
• MET AT 602: Laboratory for Actuarial and Financial Data Analysis II
  A more in-depth seminar than AT 601, covering the same topics in greater detail. Ten sessions.
• MET AT 721: Mathematics of Compound Interest
  This course develops uses of interest as it relates to the theory of finance. It will develop an understanding of interest calculations as they relate to bonds, mortgages, annuities under continuous and discrete payment schemes, and for instruments with non-level payment schemes.
• MET AT 722: Finance for Actuaries
  This course covers basic models and tools of corporate finance. Topics include net present value valuation, internal rate of return and profitability index models, capital budgeting models and efficient market hypotheses. These tools will be used to understand and apply basic principles of option pricing theory, including the Black-Scholes formula with application to binomial lattice valuation.
• MET AT 731: Actuarial Mathematics I
  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
  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
  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
  Prereq: MET AT 741 Actuarial Statistics I. 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 753: Actuarial Valuation and Financial Statements
  This course will cover actuarial reserving and financial reporting under the US Statutory, US GAAP, and Canadian GAAP accounting systems. The course will review in detail the valuation and financial presentation of the major life and annuity products: traditional life, universal life, variable life, deferred annuities, and payout annuities. Cash flow testing of reserves and the valuation actuary concept will also be covered.
• MET AT 761: Mathematics for Investment and Portfolio Theory
  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
  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
  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
  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.

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