Mathematics
MA310: Actuarial Mathematics (5 ECTS)
This module introduces students to the basic theory of actuarial mathematics. Students who successfully complete the module can earn an exemption on the Institute of Actuaries CT1 exam. The module covers actuarial notation, project appraisal, investments, forward contracts, interest rate term structures.
Taught in Semester(s) 2. Examined in Semester(s) 2.
Workload: 101 hours (24 Lecture hours, 12 Tutorial hours, 65 Self study hours).
Module Learning Outcomes.
On successful completion of this module the learner should be able to:
- Use actuarial notation for level and increasing annuities in basic calculations.
- Financially appraise projects under fixed interest conditions.
- Describe a range of standard investments instruments.
- Calculate forward contracts.
- Calculate interest term structures.
Indicative Content
This module introduces students to the basic theory of actuarial mathematics. Students who successfully complete the module can earn an exemption on the Institute of Actuaries CT1 exam. The module covers actuarial notation, project appraisal, investments, forward contracts, interest rate term structures.
Module Resources
- Institute of Actuaries CT1 module material.
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