ASRM 409

Spring 2026 Part of Term 1

Part of Term 1
Jan 20-May 6
Stochastic Processes for Finance and Insurance

Credit: 3 OR 4 hours.

An introduction to stochastic processes and their applications to finance and insurance. Topics include conditional probability, conditional expectation, Markov chains, Poisson processes, reliability theory, Brownian motion and elementary introductions to insurance risk theory and option pricing theory.

3 or 4 undergraduate hours. 3 or 4 graduate hours. Prerequisite: ASRM 401 (formerly MATH 408) or MATH 461.

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ASRM 409 class schedule data for spring 2026
CRN Type Section Time Day Location Instructor Section Details
69393
Lecture-Discussion
GR
10:30AM -11:50AM
MW
156 Henry Administration Bldg
Fadina, T
Part of Term:
1
Date Range:
01/20/26-05/06/26
Credit:
4 hours
Restriction(s):
Restricted to Graduate - Urbana-Champaign. Restricted to PHD:Mathematics -UIUC, MS: Actuarial Science - UIUC, or MS:PA Risk Mgmt - UIUC.
68701
Lecture-Discussion
UG
10:30AM -11:50AM
MW
156 Henry Administration Bldg
Fadina, T
Part of Term:
1
Date Range:
01/20/26-05/06/26
Credit:
3 hours
Restriction(s):
Restricted to Actuarial Science major(s). Restricted to Undergrad - Urbana-Champaign.
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