# The Department of Mathematics

## Actuarial Science Major

The field of actuarial science applies mathematical principles and techniques to problems in the insurance industry. Progress in the field is generally based upon completion of examinations given by the Society of Actuaries. The Baruch College major is designed to prepare students to pass the first two exams of the Society of Actuaries year 2000 exam structure and to provide partial preparation for the third exam. Students interested in this highly structured program are urged to contact the Department of Mathematics as early as possible so that the department may assign an advisor to aid in formulating an appropriate course of study.

**Prerequisites**

Track I: credits

MTH 2610 Calculus I 4 credits

MTH 3010 Calculus II 4 credits

MTH 3020 Intermediate Calculus 4 credits

or

Track II:

MTH 2630 Analytic Geometry and Calculus I 5 credits

MTH 3030 Analytic Geometry and Calculus II 5 credits

or

Track III:

MTH 2205 Applied Calculus 3 credits

or

MTH 2207 Applied Calculus with Matrix Applications

4 credits

and

MTH 3006 Integral Calculus 4 credits

MTH 3030 Analytic Geometry and Calculus II 5 credits

In addition to the courses above, the following two prerequisite courses:

ECO 1001 Micro-Economics 3 credits

ECO 1002 Macro-Economics 3 credits

**Required Courses **

MTH 3020 Intermediate Calculus 4 credits

or

MTH 3030 Analytic Geometry and Calculus II 5 credits

MTH 4120 Introduction to Probability 4 credits

MTH 4410 Theory of Interest 3 credits

MTH 4500 Mathematical Finance 4 Credits

FIN 3000 Principles of Finance 3 credits

FIN 3610 Corporate Finance 3 credits

In addition, two courses must be chosen from the following list of electives:

**Electives **

MTH 3300 Algorithms, Computers, and Programming I

3 credits

MTH 4125* Stochastic Processes 4 credits

MTH 4130 Mathematics of Statistics 4 credits

MTH 4135* Methods of Monte Carlo Simulation 3 credits

MTH 4420 Actuarial Mathematics 4 credits

MTH 4421 Actuarial Mathematics II 4 credits

MTH 4451 Risk Theory 4 credits

ECO 3100* Intermediate Micro-Economics 3 credits

ECO 3200 Intermediate Macro-Economics 3 credits

* Actuarial science majors are encouraged to select this course.

## Mathematics Majors

The major in mathematics is designed to enable the student to enter the marketplace (industrial or educational) or to pursue further studies in mathematics or allied fields at the graduate level. Interested students are urged to contact the Department of Mathematics as early as possible. The student will be assigned an advisor who will aid in formulating an appropriate course of study. Students who want to teach mathematics in the secondary schools should consult an advisor in the Center for Advisement and Orientation.

**Required Courses
**

Students may fulfill their calculus requirements by any of the following three alternate calculus tracks:

Track I:

credits

MTH 2610 Calculus I 4 credits

MTH 3010 Calculus II 4 credits

MTH 3020 Intermediate Calculus 4 credits

or

Track II:

MTH 2630 Analytic Geometry and Calculus I 5 credits

MTH 3030 Analytic Geometry and Calculus II 5 credits

or

Track III:

MTH 2205 Applied Calculus 3 credits

or

MTH 2207 Applied Calculus with Matrix Applications

4 credits

and

MTH 3006 Integral Calculus 4 credits

MTH 3030 Analytic Geometry and Calculus II 5 credits

All students must take the following two courses:

MTH 3300 Algorithms, Computers and Programming I

3 credits

MTH 4100 Linear Algebra 3 credits

**Electives
**

Any five 4000-level or 5000-level courses from the following group:

MTH 4010 Advanced Calculus I 3 credits

MTH 4110 Ordinary Differential Equations 3 credits

MTH 4120 Introduction to Probability 4 credits

MTH 4125 Stochastic Process 3 credits

MTH 4130 Mathematics of Statistics 3 credits

MTH 4135 Methods of Monte Carlo Simulation 3 credits

MTH 4140 Graph Theory 3 credits

MTH 4145 Mathematical Modeling* 3 credits

MTH 4150 Combinatorics 3 credits

MTH 4200 Theory of Numbers 3 credits

MTH 4210 Elements of Modern Algebra 3 credits

MTH 4230 History of Mathematics 3 credits

MTH 4240 Differential Geometry* 3 credits

MTH 4300 Algorithms, Computers and

Programming II* 3 credits

MTH 4310 Methods of Numerical Analysis 3 credits

MTH 4315 Mathematical Logic 3 credits

MTH 4320 Fundamental Algorithms 3 credits

MTH 4500 Introduction to Financial Mathematics

4 credits

MTH 5010 Advanced Calculus II* 3 credits

MTH 5020 Theory of Function of a Complex Variable*

3 credits

MTH 5030 Theory of Functions of Real Variables*

3 credits

MTH 5100 Partial Differential Equation
and Boundary Value Problems* 3 credits

* These courses are offered infrequently, subject to student demand.

**Math of Finance Concentration**

Students who wish to have a concentration in the Mathematics of Finance should choose the following five electives:

MTH 4110 Ordinary Differential Equations 3 credits

MTH 4120 Introduction to Probability 4 credits

MTH 4125 Stochastic Process 3 credits

MTH 4135 Methods of Monte Carlo Simulation 3 credits

MTH 4500 Introduction to Financial Mathematics

4 credits

In addition, students must take:

ECO 1001 Micro Economics 3 credits

ECO 1002 Macro-Economics 3 credits

FIN 3000 Principles of Finance 3 credits

FIN 3610 Corporate Finance 3 credits

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