Foundation ActEd Course
What is the Foundation ActEd Course?
The Foundation ActEd Course (FAC) is designed
to help students improve their mathematical
skills in preparation for the Core Technical
subjects. It is a reference document to which
students can refer when they need help on a
particular topic. Each chapter contains explanatory
notes, examples and self-assessment questions
to test understanding. There is also a Summary
Test and a Question and Answer Bank providing
extra practice for students.
Why purchase Foundation ActEd Course?
The Institute and Faculty
produce guidance on the mathematics skills required
by students joining the profession. FAC reflects
this guidance and therefore comprehensively
covers all the mathematics required for the
Core Technical subjects. Unlike other mathematical
textbooks it is geared specifically towards
actuarial students.
Which topics does the Foundation ActEd Course cover?
FAC covers the
mathematical material needed as the background
for Subjects CT1, CT3, CT4, CT5, CT6 and CT8.
Many of the topics covered are beyond the scope
of A-Level or Higher Level syllabuses.
The topics covered by FAC
include:
- Notation and conventions
used in financial and actuarial mathematics
- Differentiation and integration
techniques
- Complex numbers
- Algebra, including summation
of series and binomial expansions
A sample of the Course Notes
and the full Syllabus for FAC can be downloaded
at the end of this section.
Which students will benefit from the Foundation ActEd Course?
Students with
numerate degrees and a good memory of the topics
covered in A-Level or Higher Level mathematics
may not need to purchase this course. Many other
students (particularly those with less numerate
degrees or those whose maths is a little rusty)
will benefit greatly from the study material
and practice questions provided by FAC.
We have written an Initial
Assessment to help employers assess whether
or not a student would benefit from the Foundation
ActEd Course. There are 20 questions which are
typical of problems that will be encountered
in the context of the actuarial exams and which
are covered in detail in the course. Students
should attempt the Initial Assessment without
reference to a textbook and should take around
60 minutes.
The Initial Assessment and
full solutions are available at the end of this
section.
Does ActEd provide face-to-face tuition?
ActEd does not
run public tutorials for FAC. However, we would
be happy to run a full-day in-house maths refresher
tutorial to give new students a flying start
to their study. If you would like to discuss
how ActEd can help, please contact Bev
Butler.
How can I download further information about FAC?
Download a
sample of the Course Notes.
Download the
full Syllabus for FAC.
Download the
Initial Assessment; download the
solutions to the Initial Assessment.
The FAC samples are in Adobe Acrobat format, and you will need Adobe
Acrobat Reader Version 5.05 or 6.0 to view and print it. If you don't have Adobe Acrobat Reader,
you can download it here.
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