Course Requirements

Requirements for the Actuarial Science Major

(updated 7-25-2012)

Introductory Courses
 Course  Title  Credits
 Offered  Prerequisites
ACC 205 Financial Accounting  3  Every sem. STAT 110 or sophomore standing
ACC 206 Managerial Accounting  3  Every sem.
ACC 205
ECON 221 Principles of Econ-Micro  3  Every sem.
None
ECON 222 Principles of Econ-Macro  3  Every sem.
None
IDS 110 Business Spreadsheet Applications  1  Every sem
STAT 110 (or placement beyond STAT 110)
IDS 111 Business Applications Programming  1  Fall-all yrs.
IDS 110 or CS 157
CS 128 Intro to Programming  1  Spring-all yrs.
STAT 110 (or placement beyond MATH 110)
STAT 131 Calculus I  4  Every sem.
STAT 114 (Pre-Calculus) or placement
MATH 132 Calculus II  4  Every sem.
STAT 131
STAT 264 Linear Algebra 1
 3  Fall-all yrs.
MATH 132 or 220
Probability and Statistics Courses
STAT 240(5)
Statistical Analysis  3  Every sem.
MATH 114
STAT/IDS 340(1)
Statistics for Decision Making
 3  Every sem.
STAT 240 or IDS 205 or CE 202 or ECE 365
ECON 325(1)
Econometrics  3  Fall-all yrs.
ECON 221 and ECON 222 and STAT 240/1DS 205)
STAT 341
Probability  4

Every 3 sem. next Spring 2013

STAT 240 and MATH 132
STAT 342
Mathematical Statistics
 3  every 3 sem
 Fall 2013
STAT 341
STAT 344
Applied Probability and
Statistical Decision Theory
 3  Fall - odd years
 
STAT 240 or IDS 205
STAT 343 Time Series Analysis
 3 Fall
ECON 325 or STAT/IDS 340
Finance & Modeling Courses
FIN 304 Financial Management  3 Every sem.
ACC 205, ECON 221, and 48 credits
FIN 410 Theory of Corporate Finance  3  Fall-all yrs.
FIN 304 and (IDS 110 or CS 157) and MATH 340(3)
FIN 420 Investment Management  3  Fall-all yrs.
FIN 304 and (IDS 110 or CS 157)
FIN 425 Financial Derivatives  3  Spring-all yrs.
FIN 420
ECON 321(2) Intermed Microeconomic Theory  3
 Spring:
odd years
ECON 221
ECON 324(2) Managerial Economics  3  Random ECON 221
Capstone Course
ACRS 325 Actuarial Modeling  3  Every 3 sem
 Spring 2013
STAT/IDS 340 or ECON 325


Requirements for the Actuarial Science Minor(4)

 Course  Title  Credits
 Offered  Prerequisites
ECON 221 Principles of Economics - Micro  3  Every sem.
None
ECON 222 Principles of Economics - Macro  3  Every sem.
None
STAT 341 Probability  4 Every 3 sem. next Spring 2013
STAT 240 and MATH 132
FIN 410 Theory of Corporate Finance  3  Fall-all yrs.
FIN 304 and (IDX 110 or CS 157) and STAT/IDS 340(3)
ACRS 325
Actuarial Modeling  3  Every 3 sem
 Spring 2013
STAT/IDS 340 or ECON 325


Prerequisite Courses needed for (but not officially part of) the minor: STAT 131, MATH 132, STAT 240, FIN 304, IDS 110, and ACC 205

Notes
(1) One of MATH 340 or ECON 325 is required.
(2) One of ECON 321 or ECON 324 is required.
(3) STAT/IDS 340 may be taken concurrently with FIN 410
(4) In order to satisfy the minor, all of the prerequisite courses for the minor must also be satisfied.
(5) Equivalent courses which also fulfill this requirement are STAT 140 or IDS 205.