Oct 01, 2023  
2020-2021 Undergraduate Academic Catalog 
2020-2021 Undergraduate Academic Catalog [ARCHIVED CATALOG]

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AC 1103 - Introduction to Actuarial Science

3 lecture hours 0 lab hours 3 credits
Course Description
This course is an introduction to the Actuarial Science profession. The course topics includes basics of set theory, combinatorics, and various facets of the Actuarial profession. Actuaries from different companies in the area make presentations to class. In addition, students shadow actuaries at different companies for a day or two to observe a day of an actuary. (prereq: AS student or consent of program director)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
  • Know all the details about the two major actuarial societies which is controlling the actuarial science profession: Society of Actuaries and Casualty Actuary Society
  • Know the importance of the professional exams in finding jobs as an actaury in the insurance industry and finding internships (which is also required for finding a job) and learn how important it is to prepare for them in a timely manner
  • Learn the difference between the casulaty actuaries, health insurance actuaries, pention actuaries and life insurance actuaries, so that they can make a more educated decision when they look for an internship and later for a job
  • Know what a typical day of an actuary at work look like by shadowing actuaries in different areas of actuarial profession
  • Know combination, permutation and other fundamental counting techniques
  • Know general properties of sets

Prerequisites by Topic
  • Precalculus material

Course Topics
  • Combinatorics
  • Set theory

Dr. Yvonne Yaz

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