Curriculum

  • Specialism: Actuarial and Investment Science (AIS)
    A student studying for MSc (AIS) award needs to complete:
      • 7 compulsory subjects
      • a dissertation or 3 additional core subjects
    A student studying for PgD (AIS) award needs to complete:
      • 7 compulsory subjects
    List of core subjects
    Subject Code Subject Title For Current Students
    AMA505 Optimization Methods Course Materials
    AMA507 Mathematical Modeling for Science and Technology Course Materials
    AMA514A Applied Linear Models Course Materials
    AMA515A Forecasting and Applied Time Series Analysis Course Materials
    AMA518 Simulation Course Materials
    AMA523 Optimal Control with Management Science Applications Course Materials
    AMA527 Decision Analysis Course Materials
    AMA528 Probability and Stochastic Models ## Course Materials
    AMA529 Statistical Inference ## Course Materials
    AMA530 Mathematics of Finance ## Course Materials
    AMA531 Loss Models and Risk Analysis ## Course Materials
    AMA532 Investment Science ## Course Materials
    AMA533 Life Contingencies ## Course Materials
    AMA534 Credibility Theory ## Course Materials
    AMA535 Mathematics of Derivative Pricing Course Materials
    AMA546 Statistical Data Mining Course Materials
    AMA590 Dissertation Work Flow
    AF5312 Principles of Corporate Finance Course Materials
    There is a non-credit bearing subject, “AMA536 Insurance and Risk Management”
    for students of the AIS specialism.
    ## Compulsory subjects
    The courses have been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes.
  • A Sample Study Plan with 1.5 years duration for Actuarial and Investment Science Stream
    Year 1 Semester 1 *AMA528 Probability and Stochastic Models
    *AMA530 Mathematics of Finance
      AMA515A Forecasting and Applied Times Series Analysis
    Semester 2 *AMA529 Statistical Inference
    *AMA532 Investment Science
    *AMA533 Life Contingencies
      AMA514A Applied Linear Models
    Year 2 Semester 1 *AMA531 Loss Models and Risk Analysis
    *AMA534 Credibility Theory
      AMA535 Mathematics of Derivative Pricing
    * indicates compulsory subjects
  • Specialism: Decision Science (DS)
    A student studying for MSc (DS) award needs to complete:
      • 4 core subjects (including the compulsory subject AMA507)
      • 3 other subjects (core or elective#) and
      • a dissertation or 3 additional core subjects
    A student studying for PgD (DS) award needs to complete:
      • 4 core subjects and
      • 3 other subjects (core or elective#)
    List of core subjects
    Subject Code Subject Title For Current Students
    AMA502 Operations Research Methods Course Materials
    AMA505 Optimization Methods Course Materials
    AMA506 Graphs and Networks Course Materials
    AMA507 Mathematical Modeling for Science and Technology * Course Materials
    AMA514A Applied Linear Models Course Materials
    AMA515A Forecasting and Applied Time Series Analysis Course Materials
    AMA518 Simulation Course Materials
    AMA523 Optimal Control with Management Science Applications Course Materials
    AMA524 Scientific Computing Course Materials
    AMA527 Decision Analysis Course Materials
    AMA528 Probability and Stochastic Models Course Materials
    AMA529 Statistical Inference Course Materials
    AMA530 Mathematics of Finance Course Materials
    AMA531 Loss Models and Risk Analysis Course Materials
    AMA532 Investment Science Course Materials
    AMA533 Life Contingencies Course Materials
    AMA534 Credibility Theory Course Materials
    AMA535 Mathematics of Derivative Pricing Course Materials
    AMA542 Advanced Operations Research Course Materials
    AMA546 Statistical Data Mining Course Materials
    AMA590 Dissertation Work Flow
    AF5312 Principles of Corporate Finance Course Materials
    * AMA507 is a compulsory subject for MSc(DS)
    # Similar to the scheme-based arrangement, students are allowed to take elective subjects from other postgraduate schemes/programmes, as long as pre-requisite requirements are satisfied.
    The courses have been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes.
  • Continuing Education Fund (CEF)
    The list of Reimbursable Courses for the purpose of Continuing Education Fund is as follows. Note that (i) These courses have been included in the list of reimbursable courses under the Continuing Education Fund (這些課程已加入持續進修基金可獲發還款項課程名單內) AND (ii) These courses / The mother course (The Master of Science in Applied Mathematics for Science and Technology. Specialisms: i. Actuarial and Investment Science and ii. Decision Science) of this module are recognised under the Qualifications Framework (QF Level[5]) (這些課程 / 本單元所屬之主體課程(科技應用數學理學碩士學位. 專業:i. 精算與投資科學 和 ii. 決策科學)在資歷架構下獲得認可(資歷架構第[5]級).
    No. CEF Course Code. HKCAA Ref. Sector Institution Course Title
    1 21Z072080 POLYU/BS/171 Business Services-Management Skills and Knowledge The Hong Kong Polytechnic University-Department of Applied Mathematics Operation Research Methods
    運籌學
    2 23Z072841 POLYU/FS/061 Financial Services The Hong Kong Polytechnic University-Department of Applied Mathematics Mathematics of Finance
    金融數學
    3 23Z07285A POLYU/FS/062 Financial Services The Hong Kong Polytechnic University-Department of Applied Mathematics Investment Science
    投資科學
    4 23Z072868 POLYU/FS/063 Financial Services The Hong Kong Polytechnic University-Department of Applied Mathematics Life Contingencies
    精算數學
    5 23Z072876 POLYU/FS/064 Financial Services The Hong Kong Polytechnic University-Department of Applied Mathematics Mathematics of Derivative Pricing
    衍生工具價格
    Students of these CEF-reimbursable courses may apply for subsidies from the government via http://www.wfsfaa.gov.hk/cef/index.htm.
  • Other SOA related information
    Subjects in AMA for Validation by Education Experience credit: Applied Statistical Methods
    Subject Code Subject Name Start Date End Date Acceptable Grades Documentation Required
    AMA515 Forecasting and Applied Time Series Analysis 1/1/2005 6/30/2018 A+,A,B+,B Original Official Transcript
    AMA514 Applied Linear Models 1/1/2005 6/30/2018 A+,A,B+,B Original Official Transcript
    More information about VEE please visit:
    http://www.soa.org/education/exam-req/edu-vee.aspx

    Program Subjects vs SOA Exams
    The table below shows relevant subjects for the SOA exams/E-learning course.
    Subject SOA exams / E-learning Course
    AMA528 Probability and Stochastic Models Exam P
    (Probability)
    AMA530 Mathematics of Finance Exam FM
    (Financial Mathematics)
    AMA532 Investment Science
    +
    AMA535 Mathematics for Derivative Pricing
    Exam MFE
    (Models for Financial Economics)
    AMA533 Life Contingencies
    +
    Part of AMA528 Probability and Stochastic Models
    +
    Part of AMA531 Loss Models and Risk Analysis
    Exam MLC
    (Models for Life Contingencies)
    AMA534 Credibility Theory
    +
    Part of AMA518 Simulations
    +
    Part of AMA529 Statistical Inference
    +
    Part of AMA515
    Forecasting and Time Series Analysis
    Exam C
    (Construction and Evaluation of Actuarial Models)
    Part of AMA536 Insurance and Risk Management E-learning Course FAP
    (Fundamentals of Actuarial Practice)



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