Actuarial Science Graduate Courses

Undergraduate Prerequisites: (METAT721) - This course builds off of the topics covered in AT721 ("Mathematics of Compound Interest") by developing both basic and advanced models of corporate finance. Topics covered 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. The material covered in this course may help students prepare for SoA/CAS Exam FM.  [ 4 cr. ]

Undergraduate Prerequisites: CASMA582 or METMA582 Mathematical Statistics, or 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.   [ 4 cr. ]

Prerequisites: MET MA 581 or CAS MA581 and AT 521 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.  [ 4 cr. ]

Undergraduate Prerequisites: (METMA581 & METAT721) - 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.   [ 4 cr. ]

Graduate Prerequisites: (METMA225 OR CASMA225 OR CASMA230) - Basic probability, conditional probability, independence. Discrete and continuous random variables, mean and variance, functions of random variables, moment generating function. Jointly distributed random variables, conditional distributions, independent random variables. Methods of transformations, law of large numbers, central limit theorem.   [ 4 cr. ]

Graduate Prerequisites: (METMA581 OR CASMA381 OR CASMA581) - Interval estimation. Point estimation including sufficiency, Rao-Blackwell theorem, completeness, uniqueness, Rao-Cramer inequality, and maximum likelihood estimation. Tests of hypothesis: uniformly most powerful tests, uniformly most powerful unbiased tests, likelihood ratio test, chi-squared test, comparison of means and variances, ANOVA, regression, and some nonparametric tests.   [ 4 cr. ]

A unified and in-depth coverage of the statistical computer package SAS and its statistical applications. Topics include the language of SAS, data formatting, creating and storing SAS data sets, file manipulations, macro procedure, and graphics. Also included are procedures for statistical techniques selected from analysis of variance, regression, factor analysis, scoring, and categorical data analysis. Several large data sets will be used as case studies emphasizing hands-on experience with SAS for Windows. Laboratory course.  [ 4 cr. ]

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.  [ Var cr. ]

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.  [ Var cr. ]

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.  [ 4 cr. ]

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.  [ Var cr. ]

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.  [ Var cr. ]