Actuarial Science

Welcome to Actuarial Science!

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Actuarial Science


Week 1

Review calculus, including derivatives, integration, improper integrals, and double integrals.

9/9:  

Enroll in the Blackboard site for this course.  (Yes, this is part of your assignment!)  If you have any trouble, view this page through Internet Explorer.    We will use Blackboard extensively, and you need to be enrolled right away.

First, you need to review calculus, particularly derivatives and integrals.  While studying, you should only use an exam approved calculator - that means no graphing calculators!  I have included a list of sample problems below, but you should read the chapters, re-work the examples, and do more exercises that I suggest!

Sample problems:  (SM is the Smith and Minton calculus book that most of you used)
-  In SM, Chapter 2 Review Problems 23-46, 53-60.
-  In SM, Chapter 4 Review Problems 1-20, 47-60.
-  In SM, page 390 problems 21-26 all.
-  In SM, Chapter 13 Review Problems, 3, 4, 6, 7, 25, 26, 33.
-  In SM, page 1044, problems 37-42 all.

Start memorizing the study sheet.

Read the article on being an actuary available at this link.

Read the Exam 1 Syllabus at this link


Week 2
Continue calculus review

9/14:  Continue reviewing calculus as outlined above.  You should take the first quiz before Friday.


Week 3
Probability and Calculus
and all material we've covered up to now

9/21:  

Read Section 5.7 in SM.  Re-work all of the examples. 

Do exercises 1-31, 35-38 from Section 5.7.


Week 4
Basic Probability
and all material we've covered up to now

9/28:  In Probability for Risk Management by Hassett and Stewart (HS from now on), read chapter 2, re-work all of the examples, and do all of the exercises.


Week 5
Conditional Probability and Combinatorial Probability
and all material we've covered up to now

10/5:  In HS, read chapter 3 and do all of the exercises.


Week 6
 
Combinatorial Probability and Probability Distributions and all material we've covered up to now

10/126:   Read chapters 4 and 5 in HS and do all of the exercises.  Also, review section 5.7 in your calc text, and study exponential and uniform distributions.


Week 7
Frequently Used Distributions, Discrete and Continuous
and all material we've covered up to now

10/19:  Read Chapters 7 and 8 in HS and do all of the exercises. 

10/21:  Today, you will take a one-hour simulated actuarial exam in class.  Your score will affect your mid-term grade.


Week 8
Moment Generating Functions

10/26:    Re-read chapters 5 and 8, paying particular attention to moment generating functions.

10/30: Last day to drop a course with a W.


Week 9
Transformations of Random Variables

11/2:  

11/7:  Class cancelled for St. Norbert Undergraduate Research Conference.


Week 10
Transformations of Random Variables Continued

11/9: 


Week 11
Joint Distributions

11/16:  


Week 12
Joint Distributions

11/30: 


Week 13
Cumulative Exams

12/7

Week 14
Cumulative Exams

12/14:  


Finals

Our final exam will be scheduled sometime from 12/16-12/18.