Actuarial Science

The Mathematical Finance plan is offered jointly by the Departments of Statistics and Actuarial Science and of Pure Mathematics.

Students in this plan must fulfil all the requirements in Table I and Table II. This must include at least 26 math courses, and the following specific requirements:

One of

MATH 247 Calculus 3 (Advanced Level)
MATH 237 Calculus 3 for Honours Mathematics

All of

AFM 101 Introduction to Financial Accounting or BUS 127W Introduction to Financial Accounting
AFM 102 Introduction to Managerial Accounting or BUS 247W Managerial Accounting
AFM 131/ARBUS 101 Introduction to Business in North America or BUS 111W Understanding the Business Environment
ACTSC 231 Introductory Financial Mathematics
ACTSC 371 Introduction to Investments
ACTSC 372 Corporate Finance
ACTSC 445 Quantitative Enterprise Risk Management
ACTSC 446 Mathematics of Financial Markets
AMATH 242/CS 371 Introduction to Computational Mathematics or CS 335 Computational Methods in Business and Finance
AMATH 250 Introduction to Differential Equations or AMATH 350 Differential Equations for Business and Economics
ECON 101 Introduction to Microeconomics or ECON 120W Introduction to Microeconomics
ECON 102 Introduction to Macroeconomics or ECON 140W Introduction to Macroeconomics
ECON 201 Microeconomic Theory for Business and Policy or ECON 260W Intermediate Microeconomic Analysis for Management
PMATH 351 Real Analysis
PMATH 450 Lebesgue Integration and Fourier Analysis
PMATH 451 Measure and Integration
STAT 330 Mathematical Statistics
STAT 331 Applied Linear Models
STAT 333 Applied Probability
STAT 443 Forecasting

AMATH 351 Ordinary Differential Equations 2
CO 250 Introduction to Optimization
PMATH 352 Complex Analysis

One of

AMATH 353 Partial Differential Equations 1
CO 372 Portfolio Optimization Models
CS 476 Numeric Computation for Financial Modeling
PMATH 453 Functional Analysis

Notes

1. MATH 147 and MATH 148 provide highly desirable background for students in the Mathematical Finance plan.
2. W courses are offered by Wilfrid Laurier University. See the Laurier Calendar for course details.
3. AMATH 350 is an antirequisite of AMATH 351 and AMATH 353, and choosing this course limits selection in the last two "One of" lists.
4. Students enrolled in the Business Administration and Mathematics Double Degree plan:
   
   • May substitute BUS 283W for ACTSC 371.
   • May substitute BUS 393W for ACTSC 372.
   • Are exempt from taking STAT 443, but can count it under the "One of AMATH 353, CO 372, CS 476, PMATH 453" if they choose to take it.
5. Students currently or previously enrolled in the following plans: Business Administration and Mathematics Double Degree, Mathematics/Business Administration, Mathematics/Financial Analysis and Risk Management, Information Technology Management, and Mathematical Optimization – Business Specialization may substitute:
   
   • STAT 371 for STAT 331.