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Quantitative Applied Economics

For more details on the courses, please refer to the Course Catalog

Course & Curriculum
Classification Course Code Course Title Credit Language of Instruction Course Availability
General Graduate ACE5001 Pricing 3 - No
This course covers basic rate making techniques. Data analysis, how to solve real insurance problems, and actuarial assumptions will be discussed. In addition, this course provides comparisons among several rate making methods. Finally, classification of insureds, coinsurance and catastrophe will be discussed.
General Graduate ACE5002 Reserving 3 - No
This course covers basic reserving techniques. Data analysis, how to value real insurance liabilities, and actuarial assumptions will be discussed. In addition, this course provides comparisons among several reserving methods. Finally, numerical and simulation methods will be discussed.
General Graduate ACE5003 Enterprise Risk Management 3 - No
This course covers enterprise risk management. Data analysis, how to classify real insurance risks, and actuarial assumptions related to risks will be discussed. In addition, this course provides comparisons among several risk evaluation methods. Finally, how to apply ERM to practice will be discussed.
General Graduate ACE5004 Advanced Pricing 3 - No
This course covers advanced rate making techniques. Data analysis, how to solve real insurance problems, and actuarial assumptions will be discussed. In addition, this course provides comparisons among several advanced rate making methods. Finally, reinsurance, coinsurance and catastrophe will be discussed.
General Graduate ACE5005 Advanced Reserving 3 - No
This course covers advanced reserving techniques. Data analysis, how to value real insurance liabilities, and actuarial assumptions will be discussed. In addition, this course provides comparisons among several advanced reserving methods. Finally, numerical and simulation methods will be discussed.
General Graduate ACE5006 Actuarial Seminar 3 - No
This course covers pricing, Enterprise Risk Management and financial risk. Research on recent papers, how to analyze research data, and actuarial assumptions will be discussed. In addition, this course provides comparisons among several actuarial methods. Finally, how to write papers and presentations will be discussed.
General Graduate ACE5008 Fundamentals of Actuarial Practice 3 - No
This course covers fundamentals of actuarial practice. Actuarial control cycle, communications, and actuarial assumptions will be discussed. In addition, this course provides comparisons among several actuarial practical approaches.
General Graduate ACE5009 Actuarial Case Study 3 - No
This course covers actuarial practice and survey of insurance theory. Through case study, students are expected to implement theoretical approach to real insurance problem and learn how to analyze actuarial issues as actuarial leaders.
General Graduate ACT5001 Mathematical Statistics I 3 English Yes
Topics include the concept of random variable and several statistical probability functions. Characteristics and relationships among the functions will be studied to apply to real world. Also random sample and distribution of sample mean will be explained.
General Graduate ACT5003 Actuarial Mathematics I 3 Korean Yes
An introduction to the mathematics of actuarial science. Topics include survival distributions and life tables, life annuities, net premiums, and net premium reserves.
General Graduate ACT5004 Mathematical Statistics II 3 - No
Topics include theory of estimation and hypotheses testisng which are necessary in statistical decision making. Concentrate on point estimations, interval estimations and most powerful tests, likelihood ratio tests, goodness-of-fit tests, sequential likelihood ratio tests, and nonparametric estimation and testing methods.
General Graduate ACT5006 Actuarial Mathematics II 3 Korean Yes
A continuation of Acturial Math. 1; multiple life functions, multiple decrement models, valuation theory for pension plans, insurance models (including expenses), and non-forfeiture benefits and dividends.
General Graduate ACT5008 Loss Models 3 - No
To construct empirical models used in insurance, we will estimate failure time and loss distribution, the variance of estimators and confidence intervals for failure time and loss distributions using Kaplan -Meier, Nelson-Aalen, Kernel density estimators and Cox proportional hazards model.
General Graduate ACT5009 Applied Statistics 3 English Yes
This course studies theories of linear model, time series, and regression analysis. For regression analysis we will study least square estimates of parameters, single and multiple regression, hypothesis testing and confidence intervals, testing of models, data analysis and appropriateness of models. For time series we will study linear time series models, moving average, autoregressive and ARIMA models, estimation, forecast errors and confidence intervals.
General Graduate ACT5017 Pension Mathematics 3 Korean Yes
This course is theory and practice of pension plan funding. Assumptions, basic actuarial functions and population theory applied to private pensions. Concepts of normal costs, supplemental liability.
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