FIN 432
Managing Fin Risk for Insurers

Credit:  3 or 4 hours.


Introduces basic concepts in financial economics used in the analysis and management of financial risks, with an emphasis on the applications by insurers and pension plans; topics include decision making under uncertainty, economic statistics, deterministic and stochastic interest rate models, derivative securities, valuation, binomial models and option pricing models. 3 undergraduate hours. 3 or 4 graduate hours. Prerequisite: FIN 300; either FIN 230 or FIN 232; MATH 245 or equivalent; MATH 409; MATH 415; electronic spreadsheet proficiency.