Course informationThis module provides the foundations for the mathematics of actuaries. A good mark in this module can help you towards accreditation from the Institute and Faculty of Actuaries CT1 and CT5 exams.
- Lecture Notes: A full set of printed lecture notes is available on this web page. Weekly handwritten notes will be uploaded after each lecture. The weekly lectures will follow the printed notes, but may differ from them in terms of content, approach and timing.
- Mid-term Exam:
- When: Week 7 of Semester A. Details on the date and room will be provided closer to the date
- Length: 40 minute
- Weight: 10% of final grade
- Material: Chapter 1 of the course (Compound Interest). The questions will be a combination of multiple choice and longer questions
- Open-book exam: you are allowed to bring in 1 page (two-sided) of machine/hand written notes
- Sample mid-term exams are available under "Exam preparation" below
- Final Exam:
- When: During the January examination period.
- Length: 2h
- Weight: 90% of final grade
- Material: Everything from the lecture notes and exercise sheets
- Open-book exam: you are allowed to bring in 5 pages (two-sided) of machine/hand written notes
- Sample final exams are available under "Exam preparation" below
- Feedback on the material used, the course and the teaching is welcome. Please contact me by email or after lectures/tutorials.
- The usual QMUL module feedback will be requested during the module.
- In addition to revising lectures, it is vital that you work on exercises to consolidate the material.
- There will be 10 exercise sheets, released in teaching Weeks 1-11 (excluding Week 7) and discussed in the tutorial of the following week.
- Exercise sheets will be published every Friday on QMplus
- The exercise sheets released in Weeks 1, 3, 5, 8, 10 will each contain a feedback question to act as a progress check. You need to submit the solution to the feedback question at the beginning of your tutorial in Weeks 3, 5, 8, 10, 12.
- The feedback question will include questions from the 2018/19 final exam thus allowing you to work through the exam as the module progresses.
- Your submitted work should clearly display your student number and full name. Late submissions will not be accepted.
- Your level of engagement with the coursework will be recorded in QMplus ("2" for full/partial submission, "0" for no submission or empty sheet)
- Model solutions are available on QMplus
- Start in Week 2
- Student Engagement
- For this module, engagement will be monitored in line with the School’s Student Engagement Policy.
- Is the exam easier as it is open book? NO it is not. However, open book exams are not here to test factual recall. Greater emphasis may be placed on your ability to understand the techniques in the module, to apply them and to interpret the results. Students often think that they can manage with less preparation for open book exams. This is not true! Prepare for an open book exam as you would for any other, taking care over the notes that you prepare to bring into the exam.
The tables in this section will be used in Chapters 2 and 3 of the course (mainly weeks 8-12).