All
Students should be aware that the Department of Mathematical Sciences takes the
NJIT Honor code very seriously and enforces it strictly. This means there
must not be any forms of plagiarism, i.e., copying of homework, class projects,
or lab assignments, or any form of cheating in quizzes and exams. Under
the Honor Code, students are obligated to report any such activities to the
Instructor.
Mathematics
441-001:
ACTUARIAL
MATHEMATICS I
FALL
2005
ô
Instructor: Prof. Tavantzis
ô
Textbook: Actuarial
Mathematics (Second Edition 1997) by
Bowers, Gerber, Hickman, Jones and Nesbitt.
ô
Grading
Policy: The
final grade in this course will be determined as follows:
±
Homework: |
|
1/3
of final grade |
±
Quizzes:
|
|
1/3
of final grade |
±
Final
Exam:
|
|
1/3
of final grade |
Class
Policies:
Attendance
and Participation: Students
must attend all classes. Absences from class will inhibit your ability to fully
participate in class discussions and problem solving sessions and, therefore,
affect your grade. Tardiness to class is very disruptive to the instructor and
students and will not be tolerated.
Makeup
Exam Policy:
There
will be no makeup exams, except in rare situations where the student has a
legitimate reason for missing an exam, including illness, death in the family,
accident, requirement to appear in court, etc. The student must notify the Math
office and the Instructor that he/she will miss an exam. In all cases, the
student must present proof for missing the exam, e.g., a doctor's note, police
report, court notice, etc., clearly stating the date AND times.
Cellular
Phones: All
cellular phones and beepers must be switched off during all class
times.
Course
Outline:
Week |
Topics: |
|
|
Week
1 |
Introduction to
actuarial mathematics |
Week
2 |
Individual risk models
for short term |
Week
3 |
Survival distributions
and life tables |
Week
4 |
Life
insurance |
Week
5 |
Life
annuities |
Week
6 |
Benefit
premiums |
Week
7 |
Benefit
reserves |
Week
8 |
Analysis of benefit
reserves |
Week
9 |
Multiple life
functions |
Week
10 |
(Continued) |
Week
11 |
Applications of
multiple decrement theory |
Week
12 |
Collective risk model
for a single period |
Week
13 |
(Continued)
*
Thanksgiving Recess * |
Week
14 |
Collective risk models
over an extended period |
Week
15 |
(Continued) |
FINAL
EXAM WEEK: DECEMBER
15-21, 2005 |
Prepared
By: Prof. John
Tavantzis
Last revised: August 11, 2005