1)  Teach actuarial cash flow models, which constitute the 
theoretical foundation of actuarial science.
2)  Describe different annuities and their cash flows.
3)  Provide an understanding of the time value of money among 
different types of annuities as well as more complex cash flow 
streams.
4)  Develop analytical problem solving skills to solve complex 
problems from first principles rather than memorization.
5)  Incorporate examples and problems both in class and in 
homework.
6)  Give an opportunity for students to work together in groups 
to complete homework.  This will allow students to learn how to 
work together in a team and how to effectively communicate 
quantitative ideas.
7)  Cover most of the material and prepare students for Exam 2 
of the Casualty Actuarial Society and Exam FM of the Society of 
Actuaries.

This course provides an introduction to actuarial cash flow 
models.  The course covers most of the material for Exam 2 of 
the Casualty Actuarial Society and Exam FM of the Society of 
Actuaries.

1)  The measurement of interest
2)  Solution of problems in interest
3)  Basic annuities
4)  More general annuities
5)  Amortization schedules and sinking funds
6)  Generalized cash flow models
7)  Yield rates
8)  More advanced financial analysis
9)  The term structure of interest rates
10) Risk Management applications
11) Overview of financial instruments and their cash flows