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The Actuarial Science major consists of core courses and two modules : Market Finance and Statistical Tools.
Core courses
Mandatory : Insurance Law, Asset Management , Insurance Econometrics, Life Insurance and Pensions, Non-Life Insurance, Risk Management, Reinsurance Theory, Applied Insurance Seminar, Insurance Microeconomics, Insurance Risk Theory, Financial Accounting
Module 1: Market Finance
Optional : Stochastic Calculus, Finance Arbitrage Pricing Theory, Term Structure of Interest Rates, Imperfect Financial Markets, Credit Risk, Financial Econometrics, Econometrics of Asset Valuing, Risk Measurement
Module 2: Statistical Tools
Optional : GARCH and Stochastic Volatility Models, Credit Scoring, Advanced Data Analysis, Duration Models, Dynamic Statistical Models with Hidden Variables, Databases and Web Programming
Related courses in the other majors
Simulated Methods and Resampling presents classical methods (bootstrap, jackknife) on solving standard inference problems such as tests or confidence interval building. Semi- and Nonparametric Statistics presents methods of functional estimation, generalizing the parametric approach of linear and non-linear models.
Financial Engineering Techniques is taught by three professionals who work on operation services in banking. It describes and applies the main financial techniques used for derivatives in research and development in trading institutions.
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