Actuarial Science

Free

SUBJECT COMBINATION AT JOHNSON IB

Option 1
HL Mathematics
Economics
Business Management
SL English
French \ Hindi
Physics \ Computer Science
Option 2
HL Mathematics
Physics
Chemistry
SL Economics \ Computer Science
French \ Hindi
English

DESCRIPTION
Mathematics enables students to; develop mathematical knowledge, concepts and principles. Develop logical, critical and creative thinking and employ and refine their powers of abstraction and generalization. It is a requirement that students take Mathematics at Higher level to fulfill the requirements of various university and career aspirations.

The Economics course emphasizes the economic theories of microeconomics, which deal with economic variables affecting individuals, firms and markets, and the economic theories of macroeconomics, which deal with economic variables affecting countries, governments and societies. These economic theories are not to be studied in a vacuum—rather; they are to be applied to real-world issues. Prominent among these issues are fluctuations in economic activity, international trade, economic development and environmental sustainability.

ALUMNI

1 HARISH MENDU AMITY, MUMBAI BACHELORS IN ACTURIAL SCIENCE

ACTUARIALS
A career in this field involves application of math, statistical knowledge, skill in risk assessment, and evaluation of financial products such as insurance and investments. Actuaries are expected to have a detailed understanding of economic, financial, demographic, insurance risks; and possess expertise in developing & using statistical & financial models to inform financial decisions. Actuaries would know all about pricing, establishing the amount of liabilities, and setting capital requirements for uncertain future events.

The role that an actuary performs varies from product pricing, financial modeling, valuations, risk management, carrying out peer reviews, designing social security schemes, advice on the premium to be charged.