London, United Kingdom

Finance with Actuarial Science

Bachelor's
Language: EnglishStudies in English
Subject area: economy and administration
Qualification: BSc
Kind of studies: full-time studies
Bachelor of Science (BSc)
University website: www.city.ac.uk
Actuarial science
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through intense education and experience. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations.
Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Science
Science (from Latin scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.
Science
Those (natural) laws cannot be circumvented by any amount of piety or cleverness, but they can be understood. Uncovering them should be the highest goal of a civilized society. Not, as we have seen, because scientists have any claim to greater intellect or virtue, but because the scientific method transcends the flaws of individual scientists. Science is the only way we have of separating the truth from ideology, or fraud, or mere foolishness.
Robert L. Park, Voodoo Science (2000), p. 211
Science
I was particularly interested in that, in working on Jurassic Park that aspect of what are the negative parts. Because in talking with the people who were doing this kind of research what I was hearing was that the most responsible of them were deciding not to proceed down certain lines of inquiry which is really a new phase in science. Traditionally in science what the scientists themselves have said is: "I might as well do it, because if I don't, someone else will. It is going to happen inevitably." I think there's recognition now, that it's no so inevitable and it's quite conceivable that if I don't do this research neither will anyone else. It's simply too dangerous.
Michael Crichton, interview Lost World section of Beyond Jurassic Park DVD.
Finance
There’s no longer any reason to believe that the wizards of Wall Street actually contribute anything positive to society, let alone enough to justify those humongous paychecks. ... It’s hard to think of any major recent financial innovations that actually aided society, as opposed to being new, improved ways to blow bubbles, evade regulations and implement de facto Ponzi schemes.
Paul Krugman, "Money For Nothing," The New York Times, April 26, 2009
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