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MATH 442 Course Syllabus
NJIT Academic Integrity CODE: All Students should be aware that the Department of Mathematical Sciences takes the University Code on Academic Integrity at NJIT very seriously and enforces it strictly. This means that 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 University Code on Academic Integrity, students are obligated to report any such activities to the Instructor.
Math 442-102: Actuarial Mathematics II
SPRING 2010
Textbook: Models for Quantifying Risk by Cunningham, Herzog, and London – 3rd edition ISBN: 978-1-56698-676-2. Order the book and its solution manual from www.ActexMadRiver.com.
Prerequisites: Math 441 with a grade of C or better.
Grading Policy: The final grade in this course will be determined as follows:
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▪ Homework: |
10% |
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▪ 2 Midterm Exam: |
60% |
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▪ Final Exam: |
30% |
Drop Date: Please note that the University Drop Date March 29, 2010 deadline will be strictly enforced.
Course Overview: This class continues Math 441. We will cover Chapters: 6, 7, 8. Homework: To work all of the problems in each chapter. The solution book will help each student. When we finish these chapters, we will take a day or two and have each student present a problem, selected at random, to the class. Then we will have a test over these chapters
Homework Policy: Your work is expected to be your own. Help from tutors, classmates, etc. is encouraged but you are responsible for mastering the material. Homework will be assigned at all classes. Homework will be collected periodically and periodic quizzes will be given. Late homework will not receive full credit. There will be no makeup tests, quizzes, or homework.
Class Rules, Department and University Policies:
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No assignments, home works, exams will be accepted late.
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Attendance at all classes and tests is required.
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The use of cell phones is not allowed under any circumstances.
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No eating allowed during the class and exams periods.
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You are expected to remain in the classroom for the entire class period. Wandering in and out of the classroom is not allowed.
Makeup Exam Policy: There will be No make-up EXAMS during the semester. In the event the Final Exam is not taken, under rare circumstances where the student has a legitimate reason for missing the final exam, a makeup exam will be administered by the math department. In any case the student must notify the Math Department Office and the Instructor that the exam will be missed and present written verifiable proof of the reason for missing the exam, e.g., a doctors note, police report, court notice, etc., clearly stating the date AND time of the mitigating problem.
Further Assistance: For further questions, students should contact their Instructor. All Instructors have regular office hours during the week. These office hours are listed at the link above by clicking on the Instructor’s name. Teaching Assistants are also available in the math learning center.
Cellular Phones: All cellular phones and beepers must be switched off during all class times.
MATH DEPARTMENT CLASS POLICIES LINK
All DMS students must familiarize themselves with and adhere to the Department of Mathematical Sciences Course Policies, in addition to official university-wide policies. DMS takes these policies very seriously and enforces them strictly. For DMS Course Policies, please click here.
| M |
Dr. Martin Luther King, Jr. Day ~ University Closed |
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| M-Su |
Spring Recess ~ No Classes Scheduled ~ University Open |
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| M |
Last Day to Withdraw from this course |
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| F |
Good Friday ~ University Closed |
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| T |
Classes follow a Friday Schedule, Last Day of Classes |
Course Outline:
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Dates |
Lecture |
Chapter |
Topic |
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1/25/10 |
1 |
6.1 |
Intro to Annuities, Whole Life Annuities |
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2/1/10 |
2 |
6.2 to 6.4 |
Temp, Deferred and Contingent Annuities |
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2/8/10 |
3 |
6.5 to 6.7 |
Non Level Annuities, Misc examples |
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2/15/10 |
4 |
└► |
MIDTERM EXAM I |
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2/22/10 |
5 |
7.1 |
Annual Funding schemes for Contingent Payments |
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3/1/10 |
6 |
7.2 to 7.4 |
Random Var. and Continuous funding schemes |
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3/8/10 |
7 |
7.5, 7.6, 7.7 |
Monthly funding schemes Funding with expense analysis included and Misc Expenses |
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└► |
SPRING RECESS: MARCH 15-21, 2010 |
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3/22/10 |
8 |
└► |
MIDTERM EXAM II |
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3/29/10 |
9 |
8.1 |
Annual Contract Reserves |
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4/5/10 |
10 |
8.2 |
Recursive Relationships b/w discrete models and Annual Premiums |
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4/12/10 |
11 |
8.3 |
Reserves for Payment Models and Payment funding |
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4/19/10 |
12 |
8.5 to 8.9 |
Reserves for monthly payments., expenses, misc reserve topics |
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4/26/10 |
13 |
9.1, 9.2 |
Joint Life Models and Last survival Models |
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5/3/10 |
14 |
9.3, to 9.7 |
Multi Life statuses, probability models and general RV analysis |
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└► |
REVIEW FOR Final EXAM |
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Finals |
Final EXAM WEEK: May 6-12, 2010 |
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Prepared By: Prof. Kenneth Johnson
Last revised: December 28, 2009