Courses

ACTS 120 - THEORY OF INTEREST

Measurement of interest; solution of interest problems; basic and general annuities; yield rates; amortization schedules and sinking funds; bonds; yield curves; duration + immunization; stochasic approaches. Prereq.: MATH 070

ACTS 121 - INRODUCTION TO DERIVATIVES

Derivatives and their use in managing risk; forwards, futures, options, swaps; hedging and speculative strategies based on options; Black-Scholes formula + Option Greeks. Prereq.: STAT 071 or (ACTS 131 concurrent allowed), MATH 028 or higher, FIN 101 or ACTS 120

ACTS 131 - INTRODUCTION TO PROBABILTY I

An introduction to probability concepts; including definition of probability; independence; conditional probability; random variables; specific discrete and continuous probability distributions; multivariate random variables; moments and moment generating functions; functions of random variables; sampling distributions and central limit theorem. PREREQ.: MATH 100

ACTS 132 - INTRODUCTION TO PROBABILITY II

Continuation of ACTS 131. The POISSON process and its relation to the exponential distributions; frequency and severity with coverage modifications; aggregate loss models and ruin theory. Prereq.: ACTS 131

ACTS 141 - STAT MODELING/DATA ANALYSIS I

Statistical techniques of estimation, both point and confidence intervals; theory of hypothesis tests; goodness-of-fit tests and model selection. Prereq.: ACTS 132

ACTS 145 - DERIVATIVES MATHEMATICS

Delta hedgingl exotic options; the lognormal model for stock prices; Monte Carlo simulation; Brownian motion and Ito's Lemma; Black-Scholes Equation; implied and historical volatility; interest rate models. Prereqs.: ACTS 121 or FIN 121, and ACTS 131

ACTS 150 - LIFE INS MATH I

Present value determination for life insurances and annuities; benefit premiums and reserves. Prereq.: ACTS 120, ACTS 131 and MATH 080

ACTS 151 - LIFE INS MATH II

Multiple life functions, multiple decrement models; applications to pension plans, insurance models including expenses. Prereq.: ACTS 150

ACTS 160 - CREDIBILITY AND SIMULATION

Limited fluctuation and greatest accuracy credibility; empirical Bayes estimation of credibility factors. Methods of simulation and their application to evaluating probabilities, the bootstrap, and financial economics. Prereq.: STAT 141

ACTS 170 - STAT MODELING/DATA ANYLSIS II

Regression and time analysis. Specific topics include simple and multiple regressionl multicollinearity; heteroscedasticity; diagnostics; forecasting with the regression model; binary and multiple-choice models; autocorrelation; random walks; ARIMA models; minimum mean-square-error forecasts and confidence intervals. Prereq.: ACTS 141 and MATH 080

 

 

CBPA News
December 2, 2016
Students in the Drake University College of Business and Public Administration had the opportunity to learn from Drake alumni and professional managers about post-graduation career opportunities during Finance Career Night on Wednesday, Oct. 26.
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