Actuarial Science

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

Students in this academic plan must fulfil all the requirements in Table 1 and Table 2. This must include at least 26 math courses and the following specific requirements:

• 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 372 Investment Science and 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 251 Introduction to Differential Equations (Advanced Level) 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
  • MATH 247 Calculus 3 (Advanced Level) or (MATH 237 Calculus 3 for Honours Mathematics and PMATH 333 Introduction to Real Analysis)
  • 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 Stochastic Processes 1 
  • STAT 443 Forecasting
• One of
  • AMATH 351 Ordinary Differential Equations 2
  • CO 250 Introduction to Optimization or CO 255 Introduction to Optimization (Advanced Level)
  • 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. W courses are offered by Wilfrid Laurier University. See the Laurier Calendar for course details.
2. AMATH 350 is an antirequisite of AMATH 351 and AMATH 353, and choosing this course limits selection in the last two "One of" lists.
3. Students enrolled in the Business Administration and Mathematics double degree academic plan: 
   • 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.
4. Students currently or previously enrolled in the following academic 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.