AS 289 - Actuarial Science Problem Lab I - Financial Mathematics, Term 222

Sep 27, 2026

Uploaded by iuabcfuw

Actuarial Science Problem Lab I (AS 289) provides structured preparation for Actuarial majors targeting the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) examinations, FM (Financial Mathematics). The course outlines course administration details (instructor contact, meeting time, location), required prerequisites, and core learning expectations focused on step-by-step problem solving and accurate calculation practices. Assessment includes two major exams, a comprehensive final, class work, and homework/absence components, alongside strict academic integrity and cheating prevention rules.

LanguageEnglish

CategoryExam

FormatPDF

Pages4

Reading Time10 min

AccessFree to download

Course Overview

Course Description and Goal

Grading Policy

Communication Requirements

Academic Integrity and Attendance Rules

Learning and Exam Preparation

Financial Mathematics Learning Outcomes

Homework Submission Rules

Cheating and Missing Exams

Mobile Use in Class

Syllabus Outline

Weekly Modules (Syllabus)

KING FAHD UNIVERSITY OF PETROLEUM & MINERALS DEPARTMENT OF MATHEMA AS 289: Actuarial Science Problem Lab I-Financial Mathematics, Term 222 Instructor: Dr. Kroumi Dhaker Office: Building 5 – Room 201-3 Phone: 7565 Email: [dhaker.kroumi@kfupm.edu.sa](dhaker.kroumi@kfupm.edu.sa) Office Hours: MW 2:00 PM – 4:00 PM or by appointment Time: U 8:00 AM – 10:00 AM Place: Building 6 – Room 268 Prerequisite: AS201 Credit Hours: (3-0-3) ******************************************************************************** Textbook: Hasset, M. J., Ratliff, M.I., Garcia, T. C., and Steeby, A. C. (2014) ACTEX FM/2 Study Manual, 2011th edtion. ACTEX Madriver. Calculator: Texas BA II Plus Calculator or Texas BA II Professional Additional References Broverman, S.A., Mathematics of Investment and Credit (Fifth Edition), 2010, ACTEX Publications, ISBN 978-1- 56698-767-7. ************************************************************************************* Course Description: This problem lab is designed to prepare Actuarial majors for the second Society of Actuaries and Casualty Actuarial Society Examinations, FM (Financial Mathematics) . Participation in this course does not guarantee a student will pass the FM exam but this course provides a good start in preparing students towards that goal. Grading Policy: | | Date | Time | Place | Materials | Percentage | | --- | --- | --- | --- | --- | --- | | Exam I | TBA | TBA | TBA | (Chapters 1, 2 & 3) | 25% | | Exam II | TBA | TBA | TBA | (Chapters 4, 5 & 6) | 25% | | Final Exam | TBA | TBA | TBA | Comprehensive | 35% | | Absences+Homeworks | | | | | 2+5% | | Class Work | It is based on quizzes, class tests or other class activities determined by the instructor. | | | | 8% | Communication: • For regular announcements, students are advised to check Blackboard regularly. • Students are required to carry pens, note-taking equipment and a calculator to EVERY lecture, quizzes, and exams. It is strongly recommended to keep a binder for class-notes. • Students are also expected to take class notes and organize their learning material in a binder for easy retrieval to help them in study and review for class, exams, etc. • It is to the student’s advantage to keep a binder for storing class notes, homework, and other graded assignments. Ø Students who are organized will find it easier to find important materials when studying for exams. • To successfully learn financial mathematics, students MUST solve problems and analyze data. The selected assigned problems are specifically designed to prepare you for class quizzes, lab, majors and final exam. So, it is expected that you complete these problems step-by-step and with comprehension. If you happen to stumble upon a solution manual somewhere, remember 2 important points. (1) these solutions are brief and may have mistakes and (2) you are expected in your career as an actuary and your exams and quizzes in this class to know every step to a problem and to know when a solution is incorrect. Thus, the best way to solve problem is without these brief solutions • Never round your intermediate results to problems when doing your calculations. This will cause you to lose calculation accuracy. Round only your final answers and you should not round less than 4 decimal places unless required otherwise. • For every exam, so you need to bring with you pens, pencils, a sharpener, an eraser, and a calculator Academic Integrity: All KFUPM policies regarding ethics and academic honesty apply to this course. Important Attendance Notes: Ø In accordance with University rules, 3 (Three) unexcused absences or 5 (FIVE) excused-unexcused absences will automatically result in a grade of DN. Ø Attendance on time is very important. Mostly, attendance will be checked within the first five minutes of the class. Entering the class after that, is considered as one late, and every two times late equals to one absence. The stude

FAQs

What is the main purpose of AS 289 for actuarial students?

AS 289 is designed to prepare Actuarial majors for the SOA and CAS FM (Financial Mathematics) examinations by providing a strong starting point for exam preparation through structured problem lab work.

How is the course grade calculated?

The grading policy allocates 25% to Exam I, 25% to Exam II, and 35% to the comprehensive Final Exam, with additional components for absences+homeworks and class work.

What behaviors are considered cheating and what are the consequences?

Cheating includes looking at other students’ papers, talking during an exam, or using prohibited electronic devices such as mobiles or smart watches. Violations result in a grade of DN and reporting to higher university administration.

Sep 27, 2026

Uploaded by iuabcfuw