Actuarial CT Subjects ActEd (IFoA)

CT1 - CT8 Combined Materials Packs . — Actuarial Education Company (ActEd). — Institute and Faculty of Actuaries (IFoA), Great Britain, 2012-16 Архив 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 Mathematics CT2 Finance and Financial Reporting CT3 Probability and Mathematical Statistics CT4 Models CT5 Contingencies CT6 Statistical Methods CT7 Business Economics CT8 Financial Economics The 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.html) http://www.acted.co.uk/paper_cmp.html (http://www.acted.co.uk/paper_prices.html) http://www.acted.co.uk/paper_prices.html It comprises the following: Study Guide Course Notes (incorporating complete Core Reading) Question and Answer Bank Series X Assignments Study Guide Study 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 Notes The 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 Bank The 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 2014 Actuarial Formulae and Tables (2002), IFoA. - 2002. - 196p. CMP upgrades up to 2015 for all subjects Содержание предметов: CT1 Cashflow models The time value of money Interest rates Real and money interest rates Discounting and accumulating Level annuities Deferred and increasing annuities Equations of value Loan schedules Project appraisal Investments Elementary compound interest problems Arbitrage and forward contracts Term structure of interest rates Stochastic interest rate models CT2 The key principles of finance Company ownership Taxation Financial instruments Use of derivatives Issue of shares Introduction to accounts The main accounts Depreciation and reserves Generating accounts Group accounts and insurance company accounts Interpretation of accounts Limitations of accounts Financial institutions Weighted average cost of capital Capital structure and dividend policy Capital project appraisal (1) Capital project appraisal (2) CT3 Summarising data Probability Random variables Probability distributions Generating functions Joint distributions Conditional expectation The Central Limit Theorem Sampling and statistical inference Point estimation Confidence intervals Hypothesis testing Correlation and regression Analysis of variance CT4 Principles of actuarial modelling Stochastic processes Markov chains The two-state Markov model Time-homogeneous Markov jump processes Time-inhomogeneous Markov jump processes Survival models Estimating the lifetime distribution function Proportional hazards models The Binomial and Poisson models Exposed to risk Graduation and statistical tests Methods of graduation CT5 Life assurance contracts Life annuity contracts The life table Evaluation of assurances and annuities Net premiums and reserves Variable benefits and with-profit policies Gross premiums and reserves for fixed and variable benefit contracts Simple annuities and assurances involving two lives Contingent and reversionary benefits Competing risks Pension funds Profit testing Profit testing and reserves Mortality, selection and standardisation CT6 Decision theory Bayesian statistics Loss distributions Reinsurance Credibility theory Empirical Bayes credibility theory Risk models (1) Risk models (2) Ruin theory Generalised linear models Run-off triangles Time series (1) Time series (2) Monte Carlo simulation CT7 Economic concepts Demand and supply Elasticity and uncertainty Consumer demand and uncertainty Production and costs Revenue and profit Perfect competition and monopoly Imperfect competition Products, marketing and advertising Growth strategy Pricing strategies Government intervention in markets Government and the firm Supply-side policy International trade The balance of payments and exchange rates The macroeconomic environment Money and interest rates Business activity, unemployment and inflation Demand-side macroeconomic policy CT8 Introduction to financial economics The efficient markets hypothesis Utility theory and stochastic dominance Measures of investment risk Portfolio theory Models of asset returns Asset pricing models Brownian motion and martingales Stochastic calculus and Ito processes Stochastic models of security prices Introduction to the valuation of derivative securities The Greeks The binomial model The Black-Scholes option pricing formula The 5-step method in discrete time The 5-step method in continuous time The term structure of interest rates Credit risk Stats Pack Statistical diagrams Sample calculations 1 Sample calculations 2 Probability Advanced probability Permutations and combinations Discrete random variables Discrete distributions Continuous random variables Continuous distributions The normal distribution Correlation and regression