BSc. Actuarial Science

Admission Requirements
Mean grade C+, Mathematics B-, English C+

Course Distribution

Semester 1

University Unit

  • HRD 2101 Communication Skills

Faculty Unit

  • SMA 2104 Mathematics for Science

Core Units

  • HBC 2107 Introduction to Micro-Economics
  • ICS 2107 Introduction to Information Technology
  • ICS 2329 E-Commerce I
  • SMA 2100 Discrete Mathematics
  • STA 2104 Calculus for Statistics I
  • STA 2190 Introduction to Actuarial Science

Semester 2

University Units

  • HRD 2102 Development studies
  • SZL 2111 HIV/AIDS

Core Units

  • HBC 2125 Introduction to Macro-Economics
  • ICS 2108 Programming Methodology
  • SMA 2201 Linear Algebra I
  • STA 2100 Probability and Statistics I
  • STA 2105 Calculus for Statistics II
  • STA 2191 Financial Mathematics I

Year 2

Semester 1

Core Units

  • HRD 2200 General Insurance: Theory
  • SMA 2306 Linear Algebra II
  • STA 2200 Probability and Statistics II
  • STA 2202 Introduction to Computer Interactive Statistics
  • STA 2204 Calculus for Statistics III
  • STA 2291 Actuarial Mathematics I

Compulsory additional Unit

  • SMA 2321 Numerical Analysis

Semester 2

Core Units

  • HRD 2201 Accounts and Finance For Actuarial Science
  • ICS 2214 Data Base Management Systems
  • SMA 2231 Differential Equations
  • STA 2201 Probability and Statistics III
  • STA 2290 Financial Mathematics II
  • STA 2305 Statistical Programming I

Year 3

Semester 1

Core Units

  • STA 2306 Real Analysis for Statistics
  • STA 2300 Theory of Estimation
  • STA 2302 Probability and Statistics IV
  • STA 2311 Statistical Programming II
  • STA 2390 Actuarial Mathematics II
  • STA 2413 Regression Modelling

Elective Unit

  • STA 2470 Operations Research

Semester 2

Core Units

  • HRD 2114 Research Methodology
  • STA 2301 Tests of Hypotheses
  • STA 2309 Risk Theory for Actuarial Science
  • STA 2391 Stochastic Processes for Actuarial and Finance
  • STA 2395 Decision Theory and Bayesian Inference I
  • STA 2401 Time Series Analysis

Elective Unit

  • STA 2422 Game Theory

Year 4

Semester 1

University Unit

  • HRD 2401 Entrepreneurship Skills

Core Units

  • HRD 2402 Financial Reporting and Interpretation of Accounts
  • HRD 2403 Pensions and Retirement Benefits
  • STA 2442 Financial Economics for Actuarial Science
  • STA 2490 Demographic Techniques
  • STA 2491 Actuarial Mathematics III
  • STA 2498 Decision Theory and Bayesian Inference II

Elective Units

  • STA 2402 Design and Analysis of Sample Surveys
  • STA 2494 Actuarial Science Project (In Semesters 1 and 2 – Two units)

Semester 2

Core Units

  • HRD 2301 Life Assurance: Theory
  • STA 2420 Financial Time Series
  • STA 2423 Financial Risk Management
  • STA 2492 Credibility Theory and Loss Models
  • STA 2493 Survival Analysis
  • STA 2495 Non-life Insurance Mathematics

Elective units

  • HRD 2404 Investment and Asset Management
  • STA 2416 Computer intensive Statistics
  • STA 2494 Actuarial Science Project (In Semesters 1 and 2 – Two units)

Semester 3

Core Unit

  • STA 2496 Practical Attachment