Courses in Actuarial Science

ASC 281. Probability for Risk Management. An introduction to risk management in property/casualty and life insurance with emphasis on probability concepts.  Prerequisite: MAS 112. 3 credits.

ASC 385. Mathematics of Finance I. Measurement of interest, time value of money, annuities, amortization and sinking funds, bonds, capitalized cost, net present value, yield rates, yield curves, duration, immunization; derivative products including calls, puts, forwards, and swaps.  Prerequisite: MAS 112 or 162. 3 credits.

ASC 386. Mathematics of Finance II. Parity, binominal pricing, Black-Scholes pricing, hedging, exotic options, and interest rate models.  Prerequisite: ASC 385. Corequisite: MAS 371. 3 credits.

ASC 472. Loss Distributions and Credibility Theory. An introduction to loss distributions and credibility theory with emphasis on actuarial applications.  Prerequisite: MAS 371. 3 credits.

ASC 481. Actuarial Mathematics I. Survival distributions, life insurance, life annuities, benefit premiums and reserves, multiple life and decrement models.  Prerequisite: ASC 385; Corequisite: MAS 371. 3 credits.

ASC 482. Actuarial Mathematics II. Multiple life and decrement models, expenses, individual and collective risk models, compound distributions, including applications.  Prerequisites: ASC 385,481. 3 credits.

Lebanon Valley College® in Annville, Pa., welcomes 1,630 full-time undergraduates studying more than 30 majors, as well as self-designed majors. Founded in 1866, LVC has graduate programs in physical therapy, business, music education, and science education. Annville is 15 minutes east of Hershey and 35 minutes east of Harrisburg; Philadelphia, Washington, D.C., and Baltimore are within two hours.