Actuarial CT Subjects ActEd (IFoA)

Description

CT1 - CT8 Combined Materials Packs. — Actuarial Education Company (ActEd). — Institute and Faculty of Actuaries (IFoA), Great Britain, 2012-16Архив содержит подборки теоретического материала и методических указаний (Combined Materials Pack, Core reading) восьми предметов цикла Core Technical от Actuarial Education Company (ActEd), осуществляющей подготовку акутариев в соответствии с программой Факультета и Института актуариев Великобритании(IFoA).Материал рекомендуется для готовящихся сдавать экзамены в IFoA, а также для всех, изучающих актуарную и финансовую математику, финансовый анализ, статистические модели в финансовой математике, теорию вероятности и математическую статистику.CT1 Financial MathematicsCT2 Finance and Financial ReportingCT3 Probability and Mathematical StatisticsCT4 ModelsCT5 ContingenciesCT6 Statistical MethodsCT7 Business EconomicsCT8 Financial EconomicsThe Actuarial Education Company (ActEd) is a subsidiary of BPP Actuarial Education Ltd. ActEd is contracted to provide actuarial tuition for students on behalf of Institute and Faculty Education Ltd (IFE), a subsidiary of the Institute and Faculty of Actuaries. The Combined Materials Pack (CMP) is ideal for students sitting a subject for the first time. CMPs are available in printed format and as an eBook, which can be purchased as an addition to the printed product or as a stand-alone product.http://www.acted.co.uk/paper_cmp.htmlhttp://www.acted.co.uk/paper_prices.htmlIt comprises the following:Study GuideCourse Notes (incorporating complete Core Reading)Question and Answer BankSeries X AssignmentsStudy GuideStudy Guides are available in every subject and contain all the information you need to know before you start studying. Study Guides contain details of the study support available, assignment deadlines, advice on how to study efficiently and the full Syllabus for your subject.We recommend that you download the Study Guide and read it carefully before deciding which subjects to study and ordering your course material.Course NotesThe Course Notes will help you develop the basic knowledge and understanding of principles needed to pass the exam. The Course Notes incorporate the complete Core Reading and include full explanation of all the syllabus objectives, worked examples and short questions to test your understanding.Question and Answer BankThe Question and Answer Bank is a comprehensive bank of questions (including some past exam questions) with full solutions and comments.Series X Assignments Series X Assignments are ideal for first-time sitters as they are co-ordinated with each part of the course to give you exam practice as you progress through the Course Notes.Содержимое (CT-предмет - PC - год):ActEd Study Materials included: CT1-PC-13, ActEd. - 2012. - 800p.Core reading (2016) IandF_CT1_2016_FINAL_cr_v1, IFoA. - 2015. - 139p. CT2-PC-13, ActEd. - 2012. - 938p. CT3-PC-12, ActEd. - 2011. - 982p.CT3-PC-14, ActEd. - 2013. - 980p. CT4-PC-05, ActEd. - 2004. - 862p.Core reading (2014) IandF_CT4_Core_Reading_2014_FINAL_v2, IFoA. - 2013. - 149p.ActEd - Models Subject CT4 CMP 2015 (CT4-PC-15), ActEd. - 2014. - 996p. CT5-PC-13, ActEd. - 2012. - 1036p.CT5-Actuarial-Reading - 2008, IFoA. - 2007. - 178p.ActEd - Contingencies Subject CT5 CMP 2015 (CT5-PC-15), ActEd. - 2014. - 1132p.CT6-PC-13, ActEd. - 2012. - 1050p.CT7-PC-13, ActEd. - 2012. - 850p.CT8-PC-13, ActEd. - 2012. - 1034p.Foundation ActEd Course FAC-PC-13, ActEd. - 2012. - 458p.FAC-PC-14, ActEd. - 2013. - 448p.Stats Pack, Jun14, ActEd. - 2013. - 662p.Stats Pack Corrections 2014Actuarial Formulae and Tables (2002), IFoA. - 2002. - 196p.CMP upgrades up to 2015 for all subjectsСодержание предметов:CT1Cashflow modelsThe time value of moneyInterest ratesReal and money interest ratesDiscounting and accumulatingLevel annuitiesDeferred and increasing annuitiesEquations of valueLoan schedulesProject appraisalInvestmentsElementary compound interest problemsArbitrage and forward contractsTerm structure of interest ratesStochastic interest rate modelsCT2The key principles of financeCompany ownershipTaxationFinancial instrumentsUse of derivativesIssue of sharesIntroduction to accountsThe main accountsDepreciation and reservesGenerating accountsGroup accounts and insurance company accountsInterpretation of accountsLimitations of accountsFinancial institutionsWeighted average cost of capitalCapital structure and dividend policyCapital project appraisal (1)Capital project appraisal (2)CT3Summarising dataProbabilityRandom variablesProbability distributionsGenerating functionsJoint distributionsConditional expectationThe Central Limit TheoremSampling and statistical inferencePoint estimationConfidence intervalsHypothesis testingCorrelation and regressionAnalysis of variance CT4Principles of actuarial modellingStochastic processesMarkov chainsThe two-state Markov modelTime-homogeneous Markov jump processesTime-inhomogeneous Markov jump processesSurvival modelsEstimating the lifetime distribution functionProportional hazards modelsThe Binomial and Poisson modelsExposed to riskGraduation and statistical testsMethods of graduation CT5Life assurance contractsLife annuity contractsThe life tableEvaluation of assurances and annuitiesNet premiums and reservesVariable benefits and with-profit policiesGross premiums and reserves for fixed and variable benefit contractsSimple annuities and assurances involving two livesContingent and reversionary benefitsCompeting risksPension fundsProfit testingProfit testing and reservesMortality, selection and standardisationCT6Decision theoryBayesian statisticsLoss distributionsReinsuranceCredibility theoryEmpirical Bayes credibility theoryRisk models (1)Risk models (2)Ruin theoryGeneralised linear modelsRun-off trianglesTime series (1)Time series (2)Monte Carlo simulationCT7Economic conceptsDemand and supplyElasticity and uncertaintyConsumer demand and uncertaintyProduction and costsRevenue and profitPerfect competition and monopolyImperfect competitionProducts, marketing and advertisingGrowth strategyPricing strategiesGovernment intervention in marketsGovernment and the firmSupply-side policyInternational tradeThe balance of payments and exchange ratesThe macroeconomic environmentMoney and interest ratesBusiness activity, unemployment and inflationDemand-side macroeconomic policy CT8Introduction to financial economicsThe efficient markets hypothesisUtility theory and stochastic dominanceMeasures of investment riskPortfolio theoryModels of asset returnsAsset pricing modelsBrownian motion and martingalesStochastic calculus and Ito processesStochastic models of security pricesIntroduction to the valuation of derivative securitiesThe GreeksThe binomial modelThe Black-Scholes option pricing formulaThe 5-step method in discrete timeThe 5-step method in continuous timeThe term structure of interest ratesCredit risk Stats PackStatistical diagramsSample calculations 1Sample calculations 2ProbabilityAdvanced probabilityPermutations and combinationsDiscrete random variablesDiscrete distributionsContinuous random variablesContinuous distributionsThe normal distributionCorrelation and regression