Financial Engineering for Actuaries
Module code: MA7471
This module covers part of the syllabus for the Institute and Faculty of Actuaries subject CM2. The rest of the CM2 syllabus is covered by Liability modelling.
Lectures will cover the syllabus items with particular emphasis on practical application and with reference to the level of understanding required by the IFoA as evidenced in IFoA past examination papers. The project will involve use of Excel to solve computational problems relating to one or more of the syllabus topics.
- Measures of investment risk
- Portfolio theory and models of investment returns
- Stochastic asset price and interest rate models
- Models of credit risk
- Option theory