Page 65 - BEc_Handbook_2024_2025

EII3002 TIME SERIES ANALYSIS
3 Credits

Pre-requisite Passed EIA2013 Econometrics I
Learning
Outcomes At the end of the course, students are able to:

1. Analyze the characteristics and behaviour of time series data.
2. Construct various models for forecasting.
3. Analyze the results arising from the application of time series analysis in various
fields.

Synopsis The course covers concepts and their application in business, economics and
administration for the following topics:

1. Patterns in time series data
2. Deterministic time series models
3. Stochastic time series models
4. Model selection and evaluation
5. Forecast evaluation

Medium of d. English
Instruction

Assessment Continuous Assessment : 50%
Weightage Final Examination : 50%

EII3003 ACTUARIAL MATHEMATICS
3 Credits

Pre-requisite Passed EIA2017 Statistics II

Learning At the end of the course, students are able to:
Outcomes
1. Demonstrate understanding on various measurement of interest and survival
distribution.
2. Analyze the present value and accumulated value of cash flow for various types
financial instruments.
3. Evaluate the best option for specific financial problems.

Synopsis This course exposes students to the fundamental of actuarial science. The first part of
the course covers various topics in financial mathematics such as simple/compound
interest, discount, nominal/ effective rates of interest, constant/varying force of interest,
equivalent measures of interest, yield rate, equation of value, present value/future
value/net present value, annuity certain (immediate and due), perpetuity (immediate and
due), inflation, bonds, amortization and sinking funds. The second part of the course
covers survival distributions, use of mortality tables and basic life contingencies definition.
Life annuities and life insurance will also be covered.

Medium of English
Instruction

Assessment Continuous Assessment : 50%
Weightage Final Examination : 50%