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MATH 442 Course Syllabus
- SPRING 2012
NJIT HONOR CODE: All Students should be aware that the Department of Mathematical Sciences takes the NJIT Honor Code 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 Honor Code, students are obligated to report any such activities to the Instructor.
Math 442: Actuarial Mathematics I
Number of Credits: 3
Course Description: Topics include the economics of insurance, individual risk models for a short term, survival distributions and life tables, life insurance per year, life annuities, and net premiums.
Prerequisites: Math 441 with a grade of C or better.
Textbook: Actuarial Mathematics for Life Contingent Risks, by Dickson, Hardy, and Waters. ISBN: 9780521118255
Instructor: (for specific course-related information, follow the link below)
|
Math 442-002 |
Grading Policy: The final grade in this course will be determined as follows:
|
▪ Homework: |
20% |
|
▪ Midterm Exams: |
20% each |
|
▪ Final Exam: |
40% |
Your final letter grade will be based on the following tentative curve. This curve may be adjusted slightly at the end of the semester.
|
A |
90-100 |
C |
65-75 |
|
B+ |
86-89 |
D |
55-64 |
|
B |
80-85 |
F |
0-54 |
|
C+ |
76-79 |
|
|
Drop Date: Please note that the University Drop Date March 20, 2012 deadline will be strictly enforced.
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:
▪ No assignments, home works, exams will be accepted late.
▪ Attendance at all classes and tests is required.
▪ The use of cell phones is not allowed under any circumstances.
▪ No eating allowed during the class and exams periods.
▪ You are expected to remain in the classroom for the entire class period. Wandering in and out of the classroom is not allowed.
Attendance: Attendance at all classes will be recorded and is mandatory.
Examinations: Two in-class midterm examinations and one final examination will be given on the following days:
|
Exam 1: |
February 13, 2012 |
|
Exam 2: |
March 19, 2012 |
|
Final Exam Week: |
March 3-9, 2012 |
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 |
|
| Su-Su |
Spring Recess ~ No Classes Scheduled ~ University Open |
|
| T |
Last Day to Withdraw from this course |
|
| F |
Good Friday ~ University Closed |
|
| T |
Classes follow a Friday Schedule, Last Day of Classes |
|
| W |
Reading Day |
|
| R-W |
Final Exams |
Course Outline And Homework Assignments:
|
Course Outline |
||||
|
Week |
Lecture |
Sections |
Topic |
Assignment |
|
1/18 |
1 |
Chap 5 |
Annuities |
P 137 - 141 |
|
1/23 |
2 |
chap 5 |
Annuities |
P 137 - 141 |
|
|
3 |
chap 5 |
Annuities |
P 137 - 141 |
|
1/30 |
4 |
chap 5 |
Annuities |
P 137 - 141 |
|
|
5 |
chap 5 |
Annuities |
P 137 - 141 |
|
2/6 |
6 |
chap 5 |
Annuities |
P 137 - 141 |
|
|
7 |
chap 5 |
Annuities |
P 137 - 141 |
|
2/13 |
8 |
chap 5 |
Annuities |
P 137 - 141 |
|
|
9 |
chap 5 |
Exam |
|
|
2/20 |
10 |
chap 6 |
Premiums |
P 170 - 176 |
|
|
11 |
chap 6 |
Premiums |
P 170 - 176 |
|
2/27 |
12 |
chap 6 |
Premiums |
P 170 - 176 |
|
|
13 |
chap 6 |
Premiums |
P 170 - 176 |
|
3/5 |
14 |
chap 6 |
Premiums |
P 170 - 176 |
|
|
15 |
chap 6 |
Premiums |
P 170 - 176 |
|
3/12 |
16 |
|
Spring recess |
P 102- 106 |
|
|
17 |
chap 6 |
Premiums |
P 170 - 176 |
|
3/19 |
18 |
chap 6 |
Premiums |
P 170 - 176 |
|
|
19 |
chap 6 |
exam |
|
|
3/26 |
20 |
chap 7 |
Reserves |
P 220 - 230 |
|
|
21 |
chap 7 |
Reserves |
P 220 - 230 |
|
4/2 |
22 |
chap 7 |
Reserves |
P 220 - 230 |
|
|
23 |
chap 7 |
Reserves |
P 220 - 230 |
|
4/9 |
24 |
chap 7 |
Reserves |
P 220 - 230 |
|
|
25 |
chap 7 |
Reserves |
P 220 - 230 |
|
4/16 |
26 |
chap 7 |
Reserves |
P 220 - 230 |
|
|
27 |
chap 8 |
Multiple States |
P 279 - 290 |
|
4/23 |
28 |
chap 8 |
Multiple States |
P 279 - 290 |
|
|
29 |
chap 8 |
Multiple States |
P 279 - 290 |
|
4/30 |
30 |
chap 8 |
Multiple States |
P 279 - 290 |
Prepared By: Prof. Karen Rappaport
Last revised: December 7, 2011