MSc in Applied Mathematics for Science and Technology - Actuarial and Investment Science
Specialism: Actuarial and Investment Science (AIS)
A student studying for Master of Science (AIS) award must complete:
• 6 compulsory subjects (18 credits) + 4 additional core subjects (12 credits), or
• 6 compulsory subjects (18 credits) + 1 additional core subject (3 credits) + a dissertation (9 credits)
• 6 compulsory subjects (18 credits) + 4 additional core subjects (12 credits), or
• 6 compulsory subjects (18 credits) + 1 additional core subject (3 credits) + a dissertation (9 credits)
A student studying for Postgraduate Diploma (AIS) award must complete:
• 6 compulsory subjects (18 credits) + 1 additional core subject (3 credits)
• 6 compulsory subjects (18 credits) + 1 additional core subject (3 credits)
List of core subjects
| Subject Code | Subject Title |
|---|---|
| AMA505 | Optimization Methods |
| AMA507 | Mathematical Modeling for Science and Technology |
| AMA514A | Applied Linear Models |
| AMA515A | Forecasting and Applied Time Series Analysis |
| AMA518 | Simulation |
| AMA523 | Optimal Control with Management Science Applications |
| AMA527 | Decision Analysis |
| AMA528 | Probability and Stochastic Models ## |
| AMA529 | Statistical Inference ## |
| AMA530 | Mathematics of Finance ^ |
| AMA531 | Loss Models and Risk Analysis ## |
| AMA532 | Investment Science ## ^ |
| AMA533 | Life Contingencies ## ^ |
| AMA534 | Credibility Theory ## |
| AMA535 | Mathematics of Derivative Pricing ^ |
| AMA546 | Statistical Data Mining |
| AMA567 | Quantum Computing for Data Science |
| AMA568 | Advanced Topics in Quantitative Finance |
| AMA570 | Current Topics in Actuarial Science |
| AMA590 | Dissertation |
| AF5312 | Principles of Corporate Finance |
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.
| Year 1 | Semester 1 | *AMA528 Probability and Stochastic Models | |
| *AMA532 Investment Science | |||
| AMA515A Forecasting and Applied Times Series Analysis | |||
| Semester 2 | *AMA529 Statistical Inference | ||
| *AMA533 Life Contingencies | |||
| AMA568 Advanced Topics in Quantitative Finance | |||
| AMA570 Current Topics in Actuarial Science | |||
| Year 2 | Semester 1 | *AMA531 Loss Models and Risk Analysis | |
| *AMA534 Credibility Theory | |||
| AMA535 Mathematics of Derivative Pricing | |||
| * Compulsory subjects | |||
Specialism: Decision Science (DS)
A student studying for Master of Science (DS) award should complete:
• 4 core subjects (including the compulsory subject AMA507)
• 3 other subjects (core or elective#) and
• a dissertation or 3 additional core subjects
• 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 Postgraduate Diploma (DS) award should complete:
• 4 core subjects and
• 3 other subjects (core or elective#)
• 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 Methods | Course Materials |
| AMA546 | Statistical Data Mining | Course Materials |
| AMA568 | Advanced Topics in Quantitative Finance | Course Materials |
| AMA590 | Dissertation | Work Flow |
| AF5312 | Principles of Corporate Finance | Course Materials |
＊ AMA507 is a compulsory subject for Master of Science (DS)
+ The courses have been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes.
# 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.
# 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 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. | Course Title |
|---|---|---|
| 1 | 42Z144770 | Operations Research Methods 運籌學 |
| 2 | 42Z144789 42Z145602 |
Mathematics of Finance 金融數學 |
| 3 | 42Z144797 42Z145610 |
Investment Science 投資科學 |
| 4 | 42Z144800 42Z145629 |
Life Contingencies 精算數學 |
| 5 | 42Z144819 42Z145637 |
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
Subjects in AMA for Validation by Education Experience credit: Mathematical Statistics
| Subject Code | Subject Name | Start Date | End Date | Acceptable Grades | Documentation Required |
|---|---|---|---|---|---|
| AMA529 | Statistical Inference | 1/15/2018 | 12/31/2025 |
A+,A,A-,B+,B,B- | Original Official Transcript |
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