Actuarial Science

(4 credits) (NWCore option under Quantitative Reasoning) This course is a study of functions, limits, derivatives and integrals with a strong emphasis on both theory and applications. Prerequisites: C- or higher in MAT109, or an ACT math score of at least 24 (SAT 570 or above), or permission of mathematics department chair. Note: Meets four times per week.

(3 credits) (Writing intensive) An introduction to the language and logic of mathematical proof via topics in discrete mathematics. Topics will include logic, elementary number theory, basic set theory and methods of mathematical proof (direct proof, indirect proof, induction). Prerequisite: C- or better in MAT 112QR or permission of instructor. Note: Other topics will be chosen from counting, functions, relations, recursion and graph theory.

(4 credits) A study of transcendental functions, techniques of integration, improper integration, sequences, series, polar coordinates and conic sections. Prerequisite: C- or better in MAT112QR or permission of instructor. Note: Meets four times per week.

(4 credits) A study of the cylindrical and spherical coordinate systems, vectors in two dimensions and three dimensions, vector valued functions, functions of several variables, multiple integration, and vector calculus. Prerequisite: C- or better in MAT211 or permission of instructor. Note: Meets four days per week.

(3 credits, alternate years, consult department) A post-calculus course in probability and statistics, which develops the theory of discrete and continuous distributions, expected value, random variables and inferential statistics. Prerequisites: C- or better in MAT116QR or 117QR, 208QR, and MAT112QR or permission of instructor.

(3 credits) A study of the algebra of matrices and vector spaces including matrix operations, systems of equations, determinants, properties of real vector spaces, eigenvalues and eigenvectors. Prerequisite: C- or better in MAT112QR and MAT180 or permission of instructor.

(3 credits, alternate years, consult department) A continuation of Probability and Statistics I. Emphasis will be placed on functions of random variables and sampling distributions. Prerequisite: MAT316.

(3 credits, alternate years, consult department) This course is an introduction to the study of contingent payment models. Topics include: economics of insurance, individual risk models, survival distributions and life tables, benefit reserves, multiple life functions, multiple decrement models and introductory loss models. Prerequisite: MAT316, with co-requisite MAT416.

(3 credits; alternate years, consult department) This course concentrates on loss models. Topics include: frequency and severity, aggregate loss models, discrete and continuous time ruin models, construction of empirical models, parameter estimation, and model selection. Prerequisite: MAT316, with co-requisite MAT416.

(3 credits) This course will provide you with a survey of some of the fascinating and critical ideas in mathematics, including historical proofs of some results which are familiar to you through your previous mathematical study as well as some results which will be new to you. We will also spend a significant amount of time discussing connections between mathematics and the Christian faith, and we'll take a look into the background of the mathematically and scientifically significant number 0, which has had its own theological issues. And you'll explore the contributions of the various parts of your college experience to the goals of the NWCore program and your progress in establishing personal commitments and a sense of vocation. Prerequisites: C- or better in MAT211 or permission of instructor.

(4 credits) This course covers the basic introduction to financial management and financial accounting, including an understanding of the concepts, principles and practices in these areas.

(3 credits) This course covers the basic concepts, principles and practice in managerial accounting, including the use of accounting in management decision- making. Prerequisite: ACC215.

(2 credits) This course covers the basic principles, theory and techniques of financial decision-making in the structure of a corporation. Prerequisites: ACC215 and ACC216; and either MAT109QR or MAT117QR.

(4 credits) Models of risk and return are carefully developed to provide a basis for assessing investment opportunities and to enhance our understanding of the role and importance of financial markets. A considerable portion of the course will be devoted to the pricing of derivative securities including options, forward contracts and futures contracts. Prerequisite: BUS300 or ACC315.

(4 credits) This course is a continuation of Principles of Finance. We will explore topics such as the cost of capital, capital structure and dividend policy, and analyze their significance in long-term financing decisions. We will also examine international aspects of corporate finance and the management of risk with derivative securities. Prerequisite: BUS300 or ACC315.

(3 credits; alternate years, consult department) This is an advanced course in derivative markets. A basic understanding of derivative pricing as would be found in an undergraduate investments text is assumed. Topics will include binomial option pricing, the Black-Scholes-Merton model, Brownian motion and Ito's Lemma, and interest rate models. Material corresponding to the Society of Actuaries Exam MFE: Actuarial Models and Financial Economics will be covered. Prerequisites: MAT116QR or MAT117QR, MAT112QR, MAT211, BUS304 or permission of instructor.

(4 credits; alternate years, consult department) Builds on the concepts of inflation, unemployment and economic growth learned in principles level macroeconomics. Introduces models with which the student will become more proficient in understanding how the economy works. Prerequisite: ECO214 and MAT111QR or 112QR.

(4 credits; alternate years, consult department) This course will examine economic theory and methodology with emphasis on the principles of price determination, consumer behavior, market equilibrium, optimality of resource allocation, production and costs, comparison of market structures, and the behavior of firms in nonperfect competition. Prerequisite: ECO213 and MAT111QR or 112QR.