Courses

The course outline includes 48 demanding courses of which twenty two (22) different courses are based on the practical approaches of statistics, probability, mathematics and regression, six (6) courses cover the basics of economics and econometrics, six (6) different courses on finance and investments, eight (8) courses cover actuarial and insurance studies and two theses are based on financial and investment tools in order to gain a financial understanding of the corporate sector. In addition to the theoretical subjects, they are also skilled in different professional software packages including Matlab, SPSS, Minitab, ITSM, Excel, E-views, R and Mathematica.

1st Year
Semester 1
ACT - 300.1	English
ACT - 311	Elementary Statistics
ACT - 313	Introduction to Computers
ACT - 315	Financial Mathematics
ACT - 317	Mathematics – I (Algebra)
ACT - 319	Economic – I (Micro)
Semester 2
ACT - 300.2	Islamic Studies or Ethics
ACT - 312	Probability and Probability Distributions
ACT - 314	Computing Methods
ACT - 316	Fundamentals of Insurance Mathematics
ACT - 318	Mathematics – I (Calculus)
ACT - 320	Economic – II (Macro)
2nd Year
Semester 3
ACT - 400.1	Pakistan Studies
ACT - 411	Mathematical Statistics
ACT - 413	Probability Theory – I
ACT - 415	Financial Accounting
ACT - 417	Actuarial Demography – I
ACT - 419	Economic – III (Int. Trade and Finance)
Semester 4
ACT - 400.2	Urdu (Humanities)
ACT - 412	Statistical Method
ACT - 414	Probability Theory – II
ACT - 416	Numerical Analysis
ACT - 418	Actuarial Demography – II
ACT - 420	Economic – IV (Economics of Pakistan)
3rd Year
Semester 5
ACT - 501	Probability Distributions – I
ACT - 511	Actuarial Mathematics – I
ACT - 521	Sampling Technique – I
ACT - 531	Computer Programming and Systems
ACT - 541	Linear Algebra
ACT - 551	Life Insurance and Institutional Investments
Semester 6
ACT - 502	Probability Distributions – II
ACT - 512	Basic Finance
ACT - 522	Sampling Technique – II
ACT - 532	Applied Packages and use of Packages
ACT - 542	Applied Regress ional Analysis
ACT - 552	Operations Research
4th Year
Semester 7
ACT - 601	Risk Theory and Insurance
ACT - 611	Actuarial Models – I
ACT - 621	Financial Management
ACT - 651	Thesis
Optional (Any two of the following courses can be selected)
ACT - 631	Time Series Analysis and Forecasting
ACT - 641	Stochastic Process
ACT - 661	Decision Theory – I
ACT - 671	Econometrics – I
ACT - 681	Quality Control and Reliability - I
Semester 8
ACT - 602	Survival Analysis
ACT - 612	Actuarial Models – II
ACT - 622	Investment Analysis and Portfolio Management
ACT - 652	Thesis
Optional (Any two of the following courses can be selected)
ACT - 632	Time Series Analysis and Forecasting  - II
ACT - 642	Insurance Industry in Pakistan
ACT - 662	Decision Theory – II
ACT - 672	Econometrics – II
ACT - 682	Quality Control and Reliability - II