Mar 12, 2026

2025-2026 Undergraduate Catalog

MA 386 Fundamentals of Actuarial Mathematics

(4 Credits)
This course covers the topics tested on the actuarial exam on Short Term Actuarial Mathematics (STAM). Its purpose is to prepare actuarial science majors to pass the STAM actuarial exam. In this course, the student will be introduced to a variety of frequency, severity, and aggregate models that are used for short-term actuarial applications. The student will learn the steps involved in the modeling process and how to apply these steps. A thorough knowledge of calculus, probability, and mathematical statistics is assumed.

Prerequisite: MA 342 and MA 388