ASC 402 - Long-Term Actuarial Mathematics - I

4 Hour(s)
This course introduces derivatives in their various forms, including forward contracts, call and put options, and strategies for combining contracts to manage risks, put-call parity, development of the theoretical basis of certain financial-economic models and the application of those models to insurance and other financial risks, interest rate models, rational valuation of derivatives securities, simulation, and risk management techniques.

FA-odd years
Prerequisite(s): ASC 301; and either ASC 302 or MAT 312