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Actuarial Mathematical Models and Stochastic Calculus. 3  \nCredit Hours.  \nThe primary goal of this course is to provide the student a background in the mathematics of stochastic processes, risk, and financial economics as it relates to actuarial models. The underlying foundation of this course is the mathematics and economics of the pricing of financial options. As part of providing the framework for this field of study, advanced concepts such as Brownian Motion, the Black-Scholes Model, and the modeling of stochastic interest rates will be investigated. Taking this course will make it possible for the student to prepare for Society of Actuaries Exam MFE and the Casualty Actuarial Society Exam 3F.  \nPrerequisites: AM 342 or FIN 465.","cbCainqRc770O6RA","https://ap.wps.com/l/cbCainqRc770O6RA","pdf",28920,"English","# AM 540 Actuarial Mathematical Models and Stochastic Calculus\n## Course Goals and Scope\n## Advanced Topics\n## Prerequisites","[{\"question\":\"What is the main goal of AM 540?\",\"answer\":\"AM 540 provides background in the mathematics of stochastic processes, risk, and financial economics as applied to actuarial models.\"},{\"question\":\"Which advanced concepts are investigated in the course?\",\"answer\":\"The course investigates Brownian Motion, the Black-Scholes Model, and modeling of stochastic interest rates.\"},{\"question\":\"What exams does AM 540 help prepare for?\",\"answer\":\"Taking the course makes it possible to prepare for the Society of Actuaries Exam MFE and the Casualty Actuarial Society Exam 3F.\"},{\"question\":\"What are the prerequisites for AM 540?\",\"answer\":\"The prerequisites are AM 342 or FIN 465.\"}]","Actuarial Mathematics (AM) - Course AM 540 - Actuarial Mathematical Models and Stochastic Calculus | PDF",1790495730]