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Winter Quarter 2012 Professor Loong Kong. No cell phone/texting Get Textbook Use 3 ring binder to store handouts Required calculator – Texas Instrument.

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Presentation on theme: "Winter Quarter 2012 Professor Loong Kong. No cell phone/texting Get Textbook Use 3 ring binder to store handouts Required calculator – Texas Instrument."— Presentation transcript:

1 Winter Quarter 2012 Professor Loong Kong

2 No cell phone/texting Get Textbook Use 3 ring binder to store handouts Required calculator – Texas Instrument BA II+ (Regular or Pro model) Bring Illustrative Mortality Table to each session PTE for those who need to enroll Sign up for Piazza

3 Actuary for 35+ yrs Fellow of Society of Actuaries (FSA) since 1978 MBA, Chartered Financial Analyst, etc. UCLA for 12 years – teach 172abc, 174 Day job: Partner, Sunlin Consulting What I like and dislike about teaching Limited availability on campus, depend on , possible missed classes

4 Pre-requisites – 172A, probability, statistics Learning outcomes – SOA MLC syllabus Texts: Actuarial mathematics for life contingent Risks Focus on practical application and understanding of basic financial issues relating to life insurance, pensions

5 Informal – participation mandatory, I will called upon you by name You can ask questions anytime Focus on solving problems from text and SOA exams Bring text and SOA questions and calculator to every class Prepare for each class by reading assigned chapter and attempting home work problems Home work assignments will not be collected Project – get more familiar with EXCEL

6 Prepare for lectures Follow the problem solution in class Pay attention! Dont worry about copying solutions, complete solutions will be posted Memorize formulas Work problems on your own, again and again Use learning resources

7 My office hours : Wed & Fri 2-3p MS 5222 Class webpage has handouts and solutions Piazza – collaborative Q&A

8 Weekly quizzes – 5% Two 2 hr mid-term exams – 20% each (2/3,3/2) 3 hr Cumulative finals – 40-% (3/20) Attendance – 5% (up to two unexcused absences) 2 Projects - 10% (EXCEL to be submitted by ) Participation – 5%

9 Closed everything Written – must show work – include calculator entries Ten questions – 10 points each, partial credits I will you the list of topics a week before each exam Questions can come directly from text homework sets and SOA problem sets Manage your time, do the easier ones first

10 Hard cutoffs for As (90 & above) Bs (80-90) Curve for lower grades. 40 and under probably an F W2011 distribution A 32%; B 25%; C 29%; D-F 14% No make-up for missed quizzes or mid-term exam If there is reasonable cause, 20% assigned to other mid-term and final. Otherwise zero. You will have a clear idea what you need to score on the finals to achieve specific grade Do not ask me to change your grade or give extra assignment to help improve your grade

11 Jointly administered by Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) Preliminary Exams P – probability and statistics FM – financial mathematics MLC – life contingency models MFE – financial economics C – casualty actuarial models More info available at

12 Winter: 172B –Exam MLC WF 3-5p Spring: 172C – Exam MLC WF 4-6p Spring: 174 – Exam MFE WF 1-3p Summer: 172A and 174 (tentative) 173 AB – Exam C to be offered in Winter and Spring 2013 Financial Actuarial Math major planned

13 Get book, binder Sign up for Piazza Prepare for each class


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