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Holy Family
Minor in Actuarial Science (6 courses/18-21 credits)
The declared minor in actuarial science is a multidisciplinary minor which focuses on the application of mathematics and statistics to the study of risk management. Formal coursework in completing Option I or Option II of the minor in actuarial science will help to prepare the student for the Casualty Actuarial Society and the Society of Actuaries (CAS/SOA) Joint Exams 1 and 2 and meet the Validation by Educational Experience (VEE) requirement for Economics. Option III of the minor in actuarial science will help to prepare the student for CAS/SOA Joint Exam 1 and meet VEE requirements for Economics. Minimum grade of C is required. Only 6 transfer credits will be accepted toward the minor.
Option 1 -Actuarial Science with a Major in Mathematics (18 credits)
Required Courses
Economic Theory - Micro |
3 |
|
Economic Theory - Macro |
3 |
|
Money and Banking (Monetary Theory) |
3 |
|
Principles of Finance (Prerequisite: ACCT 206) |
3 |
|
Principles of Financial Accounting |
3 |
|
Principles of Managerial Accounting (Prerequisite: ACCT 205) |
3 |
*MATH 212 replaces BUSA 102 as the prerequisite.
Option II - Actuarial Science with a Major in Business (21 credits)
Required Courses (15 credits)
4 |
||
Calculus III (Prerequisite: MATH 212) |
4 |
|
Linear Algebra (Prerequisite: MATH 211) |
4 |
|
Probability (Prerequisite: MATH 212) |
3 |
Two Additional Courses (6 credits)
Money and Banking * (Prerequisite: ECON 204) |
3 |
|
|
or |
|
|
3 |
|
Principles of Finance * |
3 |
|
|
or |
|
3 |
||
*If these are required in the major then the math courses are selected. MATH 401 is always the first alternative for ECON 303 or BUSA 301.
Option III - Actuarial Science for the Non-Business and Non-Math Majors (19 - 21 credits)
Required Courses
Economic Theory - Micro |
3 |
|
Economic Theory - Macro |
3 |
|
Calculus I** |
4 |
|
Calculus II*** (Prerequisite: MATH 211) |
4 |
|
Calculus III*** (Prerequisite: MATH 212) |
4 |
|
Probability (Prerequisite: MATH 212) |
3 |
**Satisfies the core quantification requirement
***If any of these courses are required in a particular program, they can be replaced by any courses from the following list:
Computer Applications |
3 |
|
Structured Programming |
3 |
|
Money and Banking (Monetary Theory) (Prerequisite: ECON 204) |
3 |
|
Principles of Financial Accounting |
3 |
|
Statistics (Prerequisite: MATH 308) |
3 |
