Actuarial Science Learning Goals

Students who major in actuarial science can expect to achieve the following learning goals:

Be able to use the techniques of calculus to:
- Compute a derivative
- Compute an integral
- Establish the convergence of an infinite series, and find its sum in certain common cases
Be able to solve a variety of kinds of equations, as well as practical problems whose solutions lead to them:
- A polynomial, or algebraic equation
- A system of linear equations
- A separable differential equation
Be able to further solve a variety of practical problems, using an appropriate mathematical model:
- Simple or constrained optimization
- A kinematic problem involving rates and displacements
- A geometrical problem involving spatial relationships
- A problem involving area, length, or volume measure
Apply deductive logic
Assess the probability of a random event, and to interpret the result of a statistical study
Assess the validity of a mathematical argument
Solve mathematical problems using technology (e.g. a spreadsheet, a CAS, or an Integrated Development Environment)
Understand the fundamentals of introductory accounting
Understand the fundamentals of introductory economics
Understand annuity functions and the calculation of present and accumulated value.
Be prepared to pass Exam P and/or Exam FM administered by the Actuarial Society.