Jun 12, 2024  
2020-2021 Academic Catalog 
2020-2021 Academic Catalog [Published Catalog]

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MACT 412/4213 - Mathematical Modeling with Applications (3 cr.)


Introduction to stochastic modeling and its applications in actuarial and financial problems. Overview on models in discrete and continuous times involving Random walk, Brownian motion, Poisson and compound Poisson processes. Introduction to stochastic differential equations, Ito calculus and diffusion processes. Applications in risk theory, and pricing problems and credit risk.

When Offered
Offered once a year.

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