Module code: MA2404
This module gives an introduction to the mathematical models that Actuaries use in their day-to-day work. Initially, we will focus on describing general principles of risk modelling in financial and actuarial sectors. Then, after a short review of probability theory and stochastic processes, the module focuses on the theory of Markov processes and their application to financial and actuarial modelling. The module ends with a brief introduction to machine learning techniques.