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General overview of universally useful concepts in insurance, pensions and financial management. Typical life, health and property & casualty insurance products; underwriting; pricing; reserving; regulation; social insurance; retirement plans and annuities; financial planning: mortgages, loans, wealth management. Corequisite: MATH 150, 151, 154 or 157. Quantitative/Breadth-Science.

Measurement of interest, present value. Equations of value. Basic annuities: immediate, due, perpetuity. General annuities. Yield rates: cash flow analysis, reinvestment rate, portfolio and investment year methods. Amortization schedules and sinking funds. Bonds and other securities. Inflation, yield curves, immunization. Applications: real estate mortgages, depreciation methods. Interest rate disclosure and regulation in Canada. Covers the interest theory portion of Exam FM of the Society of Actuaries. Prerequisite: MATH 152; or MATH 155 or MATH 158 with a grade of at least B. Quantitative.

An introduction to financial accounting, including accounting terminology, understanding financial statements, analysis of a business entity using financial statements. Includes also time value of money and a critical review of the conventional accounting system. Prerequisite: 12 units. Quantitative.

Theory and methods of cost compilation for managerial planning, control and decision making; the use of budgets and analysis in planning and controlling operations, establishing supervisory and departmental responsibility, and various techniques of measuring results. Prerequisite: BUS 251; 15 units. Quantitative.

The principal elements of theory concerning utility and value, price and costs, factor analysis, productivity, labor organization, competition and monopoly, and the theory of the firm. Students with credit for ECON 200 cannot take ECON 103 for further credit. Quantitative/Breadth-Soc.

The principal elements of theory concerning money and income, distribution, social accounts, public finance, international trade, comparative systems, and development and growth. Students with credit for ECON 205 cannot take ECON 105 for further credit. Quantitative/Breadth-Soc.

Riemann sum, Fundamental Theorem of Calculus, definite, indefinite and improper integrals, approximate integration, integration techniques, applications of integration. First-order separable differential equations and growth models. Sequences and series, series tests, power series, convergence and applications of power series. Prerequisite: MATH 150 or 151; or MATH 154 or 157 with a grade of at least B. Students with credit for MATH 155 or 158 may not take this course for further credit. Quantitative.

Rectangular, cylindrical and spherical coordinates. Vectors, lines, planes, cylinders, quadric surfaces. Vector functions, curves, motion in space. Differential and integral calculus of several variables. Vector fields, line integrals, fundamental theorem for line integrals, Green's theorem. Prerequisite: MATH 152; or MATH 155 or MATH 158 with a grade of at least B. Recommended: It is recommended that MATH 240 or 232 be taken before or concurrently with MATH 251. Quantitative.

Basic laws of probability, sample distributions. Introduction to statistical inference and applications. Prerequisite: or Corequisite: MATH 152 or 155 or 158. Students wishing an intuitive appreciation of a broad range of statistical strategies may wish to take STAT 100 first. Quantitative.

This course is a continuation of STAT 270. Review of probability models. Procedures for statistical inference using survey results and experimental data. Statistical model building. Elementary design of experiments. Regression methods. Introduction to categorical data analysis. Prerequisite: STAT 270 and one of MATH 152, MATH 155, or MATH 158. Quantitative.

Designed for students specializing in mathematics, physics, chemistry, computing science and engineering. Topics as for Math 151 with a more extensive review of functions, their properties and their graphs. Recommended for students with no previous knowledge of Calculus. In addition to regularly scheduled lectures, students enrolled in this course are encouraged to come for assistance to the Calculus Workshop (Burnaby), or Math Open Lab (Surrey). Prerequisite: Pre-Calculus 12 (or equivalent) with a grade of at least B+, or MATH 100 with a grade of at least B-, or achieving a satisfactory grade on the ¶¡ÏãÔ°AV Calculus Readiness Test. Students with credit for either MATH 151, 154 or 157 may not take MATH 150 for further credit. Quantitative.

Designed for students specializing in mathematics, physics, chemistry, computing science and engineering. Logarithmic and exponential functions, trigonometric functions, inverse functions. Limits, continuity, and derivatives. Techniques of differentiation, including logarithmic and implicit differentiation. The Mean Value Theorem. Applications of differentiation including extrema, curve sketching, Newton's method. Introduction to modeling with differential equations. Polar coordinates, parametric curves. Prerequisite: Pre-Calculus 12 (or equivalent) with a grade of at least A, or MATH 100 with a grade of at least B, or achieving a satisfactory grade on the ¶¡ÏãÔ°AV Calculus Readiness Test. Students with credit for either MATH 150, 154 or 157 may not take MATH 151 for further credit. Quantitative.

Linear equations, matrices, determinants. Introduction to vector spaces and linear transformations and bases. Complex numbers. Eigenvalues and eigenvectors; diagonalization. Inner products and orthogonality; least squares problems. An emphasis on applications involving matrix and vector calculations. Prerequisite: MATH 150 or 151; or MACM 101; or MATH 154 or 157, both with a grade of at least B. Students with credit for MATH 240 make not take this course for further credit. Quantitative.

Linear equations, matrices, determinants. Real and abstract vector spaces, subspaces and linear transformations; basis and change of basis. Complex numbers. Eigenvalues and eigenvectors; diagonalization. Inner products and orthogonality; least squares problems. Applications. Subject is presented with an abstract emphasis and includes proofs of the basic theorems. Prerequisite: MATH 150 or 151; or MACM 101; or MATH 154 or 157, both with a grade of at least B. Students with credit for MATH 232 cannot take this course for further credit. Quantitative.

Topics will include user interfaces, objects, event-driven programming, program design, and file and data management. Prerequisite: BC mathematics 12 (or equivalent) or any 100 level MATH course. Students with credit for, or are currently enrolled in a computing science course at the 200 level or higher, or ITEC 240, 241 or 242 may not take this course for further credit. Quantitative.

A rigorous introduction to computing science and computer programming, suitable for students who already have some background in computing science and programming. Intended for students who will major in computing science or a related program. Topics include: fundamental algorithms; elements of empirical and theoretical algorithmics; abstract data types and elementary data structures; basic object-oriented programming and software design; computation and computability; specification and program correctness; and history of computing science. Prerequisite: CMPT 120. Corequisite: CMPT 127. Students with credit for CMPT 126, 129, 135 or CMPT 200 or higher may not take for further credit. Quantitative.

An introduction to computing science and computer programming, suitable for students wishing to major in Engineering Science or a related program. This course introduces basic computing science concepts, and fundamentals of object oriented programming. Topics include: fundamental algorithms and problem solving; abstract data types and elementary data structures; basic object-oriented programming and software design; elements of empirical and theoretical algorithmics; computation and computability; specification and program correctness; and history of computing science. The course will use a programming language commonly used in Engineering Science. Prerequisite: BC Math 12 (or equivalent, or any of MATH 100, 150, 151, 154, or 157). Students with credit for CMPT 102, 120, 130 or 166 may not take this course for further credit. Students who have taken CMPT 125, 129, 135, or CMPT 200 or higher first may not then take this course for further credit. Quantitative/Breadth-Science.

A second course in computing science and programming intended for students studying mathematics, statistics or actuarial science and suitable for students who already have some background in computing science and programming. Topics include: a review of the basic elements of programming: use and implementation of elementary data structures and algorithms; fundamental algorithms and problem solving; basic object-oriented programming and software design; computation and computabiiity and specification and program correctness. Prerequisite: CMPT 102 or CMPT 120. Students with credit for CMPT 125 or 135 may not take this course for further credit. Quantitative.

An introduction to computing science and computer programming, using a systems oriented language, such as C or C++. This course introduces basic computing science concepts. Topics will include: elementary data types, control structures, functions, arrays and strings, fundamental algorithms, computer organization and memory management. Prerequisite: BC Math 12 (or equivalent, or any of MATH 100, 150, 151, 154, or 157). Students with credit for CMPT 102, 120, 128 or 166 may not take this course for further credit. Students who have taken CMPT 125, 129 or 135 first may not then take this course for further credit. Quantitative/Breadth-Science.

Survival models. Life insurance and annuities for single life: present value random variables, premium calculations, reserves. Covers part of the syllabus for Exam LTAM of the Society of Actuaries, and practical applications such as computational aspects of pricing and reserving and risk measurement of insurance portfolios. This course is accredited under the University Accreditation Program of the Canadian Institute of Actuaries. Prerequisite: STAT 285 and ACMA 210. Quantitative.

Actuarial models and their application to insurance and financial risks. Introductory derivatives. Options. Option strategies and risk management. Discrete-time models: binomial models, multi-period models. Continuous-time models: Black-Scholes-Merton model. Market-making, hedging, and option Greeks. Introduction to exotic options. Covers part of the syllabus for Exam IFM of the Society of Actuaries. This course is accredited under the University Accreditation Program of the Canadian Institute of Actuaries. Prerequisite: ACMA 210 and STAT 285. Quantitative.

Severity models. Risk measures. Frequency models. Frequency and severity with coverage modifications: deductibles, policy limits, coinsurance. Parametric estimation: method of moments, MLE. Bayesian estimation. Model selection. Covers part of the syllabus for Exam STAM of the Society of Actuaries. This course is accredited under the University Accreditation Program of the Canadian Institute of Actuaries. Corequisite: STAT 330. Quantitative.

Review of probability and distributions. Multivariate distributions. Distributions of functions of random variables. Limiting distributions. Inference. Sufficient statistics for the exponential family. Maximum likelihood. Bayes estimation, Fisher information, limiting distributions of MLEs. Likelihood ratio tests. Prerequisite: STAT 285, MATH 251, and one of MATH 232 or MATH 240. Quantitative.

Long-term insurance coverages. Survival model estimation. Multiple state models. Premium calculations. Reserves. Profit testing. Pension plans and retirement benefits. Applications. Covers part of the syllabus for Exam LTAM of the Society of Actuaries. This course is accredited under the University Accreditation Program of the Canadian Institute of Actuaries. Prerequisite: ACMA 320. Quantitative.

Advanced actuarial models and their application to insurance and financial risks. Introduction to stochastic calculus: Ito's lemma, risk neutrality. Fundamental theorems of asset pricing. Black-Scholes-Merton partial differential equations. Exotic options. Monte Carlo methods. Advanced option pricing models. Implied volatility. Actuarial applications. Covers part of the syllabus for Exam IFM of the Society of Actuaries. This course is accredited under the University Accreditation Program of the Canadian Institute of Actuaries. Prerequisite: ACMA 320 and ACMA 340. Quantitative.

Aggregate loss models. Credibility: models and estimation. Insurance and reinsurance coverages. Pricing and reserving for short-term insurance coverages. Covers part of the syllabus for Exam STAM of the Society of Actuaries. This course is accredited under the University Accreditation Program of the Canadian Institute of Actuaries. Prerequisite: ACMA 320 and ACMA 355. Quantitative.

Topics in areas of actuarial science not covered in the regular curriculum of the department. Prerequisite: Dependent on the topics covered.

Measures of mortality and fertility: Crude rates, age-specific mortality rates, adjusted measures of mortality. Construction of life tables from census data. Stationary population theory: survivorship group, Lexis diagram. Stable population theory: Sharpe-Lotka theorem, growth rate, quasi-stable populations. Mortality models. Longevity risk. Prerequisite: ACMA 320. Quantitative.

Ratemaking: terminology, process, trend, ultimate losses, expense provisions, profit and contingencies, overall rate indications, classification rates, increased limits. Individual risk rating: prospective systems, retrospective rating, design. Loss Reserving: accounting concepts, definitions, principles, loss reserving process. Risk classification: relationship to other mechanisms, criteria for selecting rating variables, examples, efficiency, estimating class relativities. Covers part of the syllabus for Exam 5 of Casualty Actuarial Society. Prerequisite: ACMA 320. Students with credit for ACMA 490 or STAT 490 may not take this course for further credit. Quantitative.

Overview of pension plans: design, funding, regulation, accounting standards. Pension funding methods: actuarial cost methods, terminal funding method. Individual actuarial cost methods: accrual benefit cost method, entry-age actuarial cost method, unit-credit method, individual-level-premium method, attainted-age-normal method. Group actuarial cost methods. Prerequisite: ACMA 320. Corequisite: ACMA 425. Students with credit for STAT 490 or ACMA 490 may not take this course for further credit. Quantitative.

The topics included in this course will vary from term to term depending on faculty availability and student interest. Prerequisite: Dependent on the topic covered.

Guided experiences in written and oral communication of actuarial ideas and results to both expert and lay audiences. Prerequisite: ACMA 320. Students who have taken STAT 300W first may not then take this course for further credit. Writing/Quantitative.

Role and function of financial managers, financial analysis, compound interest valuation and capital budgeting, management of current assets, introduction to financial instruments and institutions. Prerequisite: BUS 254 (or 324); 45 units. Recommended: BUS 207, ECON 201, or ECON 301. Quantitative.

Investments from an individual and institutional point of view. Topics include: bond valuation and the term structure of interest rates, stock valuation, portfolio theory, asset pricing models, efficient markets and portfolio performance evaluation. Prerequisite: BUS 312, BUS 336 and BUS 207 or ECON 201 or ECON 301; 45 units. Quantitative.

Aspects of microeconomic theory concerned with strategic behavior, imperfect information, and market failure. Topics include game theory and oligopoly; uncertainty and insurance; asymmetric information and market power, externalities and public goods, together with related issues in welfare economics. Prerequisite: ECON 201 or 301; 60 Units. Quantitative.

Concepts and methods of analysis of macroeconomic variables -- consumption, investment, government and foreign trade. Classical and Keynesian models compared; analysis of economic statics and dynamics. Prerequisite: ECON 201 or 301, 60 units. Students with a minimum grade of A- in ECON 103 and 105 at ¶¡ÏãÔ°AV at their first attempt can complete ECON 305 concurrently with ECON 201 after 30 units. Students seeking permission to register on this basis must contact the undergraduate advisor in economics. Quantitative.

A presentation of the problems commonly arising in numerical analysis and scientific computing and the basic methods for their solutions. Prerequisite: MATH 152 or 155 or 158, and MATH 232 or 240, and computing experience. Quantitative.

Theoretical and computational methods for investigating the minimum of a function of several real variables with and without inequality constraints. Applications to operations research, model fitting, and economic theory. Prerequisite: MATH 232 or 240, and 251. Quantitative.

Introduces the R statistical package. Data management; reading, editing and storing statistical data; data exploration and representation; summarizing data with tables, graphs and other statistical tools; and data simulation. Prerequisite: STAT 285 or STAT 302 or STAT 305 or BUEC 333 or equivalent. Students with credit for STAT 340 may not take STAT 341 for further credit.

Introduces the SAS statistical package. Data management; reading, editing and storing statistical data; data exploration and representation; summarizing data with tables, graphs and other statistical tools; and data simulation. Prerequisite: STAT 285 or STAT 302 or STAT 305 or BUEC 333. Students with credit for STAT 340 may not take STAT 342 for further credit.

Theory and application of linear regression. Normal distribution theory. Hypothesis tests and confidence intervals. Model selection. Model diagnostics. Introduction to weighted least squares and generalized linear models. Prerequisite: STAT 285, MATH 251, and one of MATH 232 or MATH 240. Quantitative.

Review of discrete and continuous probability models and relationships between them. Exploration of conditioning and conditional expectation. Markov chains. Random walks. Continuous time processes. Poisson process. Markov processes. Gaussian processes. Prerequisite: STAT 330, or all of: STAT 285, MATH 208W, and MATH 251. Quantitative.

A data-first discovery of advanced statistical methods. Focus will be on a series of forecasting and prediction competitions, each based on a large real-world dataset. Additionally, practical tools for statistical modeling in real-world environments will be explored. Prerequisite: 90 units including STAT 350 and one of STAT 341, STAT 260, or CMPT 225, or instructor approval. STAT 240 is also recommended.

Introduction to principal components, cluster analysis, and other commonly used multivariate techniques. Prerequisite: STAT 285 or STAT 302 or STAT 305 or BUEC 333 or equivalent. Quantitative.

Distribution theory, methods for constructing tests, estimators, and confidence intervals with special attention to likelihood methods. Properties of the procedures including large sample theory. Prerequisite: STAT 330. Quantitative.

An introduction to the essential modern supervised and unsupervised statistical learning methods. Topics include review of linear regression, classification, statistical error measurement, flexible regression and classification methods, clustering and dimension reduction. Prerequisite: STAT 302 or STAT 305 or STAT 350 or BUEC 333 or equivalent. Quantitative.

The Bayesian approach to statistics is an alternative and increasingly popular way of quantifying uncertainty in the presence of data. This course considers comparative statistical inference, prior distributions, Bayesian computation, and applications. Prerequisite: STAT 330 and 350. Quantitative.

Introduction to standard methodology for analyzing categorical data including chi-squared tests for two- and multi-way contingency tables, logistic regression, and loglinear (Poisson) regression. Prerequisite: STAT 302 or STAT 305 or STAT 350 or BUEC 333 or equivalent. Students with credit for the former STAT 402 or 602 may not take this course for further credit. Quantitative.

Introduction to linear time series analysis including moving average, autoregressive and ARIMA models, estimation, data analysis, forecasting errors and confidence intervals, conditional and unconditional models, and seasonal models. Prerequisite: STAT 285 or STAT 302 or STAT 305 or BUEC 333 or equivalent. This course may not be taken for further credit by students who have credit for ECON 484. Quantitative.