Undergraduate Programme and Module Handbook 2015-2016 (archived)
Module MATH2607: ACTUARIAL MATHEMATICS II
Department: Mathematical Sciences
MATH2607:
ACTUARIAL MATHEMATICS II
| Type |
Open |
Level |
2 |
Credits |
10 |
Availability |
|
Module Cap |
|
Location |
Durham
|
Prerequisites
- Calculus and Probability 1 (MATH1061) and Linear Algebra 1 (MATH1071).
Corequisites
Excluded Combination of Modules
Aims
- To provide an introduction to applications of mathematics in actuarial work.
Content
- Actuarial mathematics: Compound interest, life
insurance, future lifetime, life annuities, net premiums.
Learning Outcomes
- By the end of the module students will: be able to solve a
range of predictable and unpredictable problems in actuarial mathematics.
- Have an awareness of the abstract concepts of theoretical
mathematics in the field of actuarial mathematics.
- Have a knowledge and understanding of the major theories of
Actuarial Mathematics demonstrated through one or more of the following topic
areas: Compound interest, life
insurance, future lifetime, life annuities, net premiums.
- In addition students will have the ability to undertake and
defend the use of alternative mathematical skills in the following
areas with minimal guidance: Modelling.
Modes of Teaching, Learning and Assessment and how these contribute to
the learning outcomes of the module
- Lecturing demonstrates what is required to be learned and the
application of the theory to practical examples.
- Regular homework problems provide formative assessment to guide
students in the correct development of their knowledge and
skills.
- Tutorials provide active engagement and feedback to the
learning process.
- The end-of-year examination assesses the knowledge acquired
and the ability to solve predictable and unpredictable
problems.
Teaching Methods and Learning Hours
| Activity |
Number |
Frequency |
Duration |
Total/Hours |
|
| Lectures |
20 |
2 per week for 10 weeks in Epiphany and Easter terms |
1 Hour |
20 |
|
| Tutorials |
5 |
Fortnightly for Epiphany and Easter terms |
1 Hour |
5 |
■ |
| Problems Classes |
4 |
Fortnightly for Epiphany term |
1 Hour |
4 |
|
| Preparation and Reading |
|
|
|
71 |
|
| Total |
|
|
|
100 |
|
Summative Assessment
| Component: Examination |
Component Weighting: 100% |
| Element |
Length / duration |
Element Weighting |
Resit Opportunity |
| end of year examination |
2 hours |
100% |
yes |
Fortnightly written assignments.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University
