Date Posted: 06/23/2026
Req ID: 48640
Faculty/Division: Faculty of Arts & Science
Department: Department of Statistical Sciences
Campus: St. George (Downtown Toronto)
Existing Vacancy: Yes

Description:

STA2571HS L0101 - Simulation Methods for Finance & Insurance (0.25 FCE)

This course provides a rigorous and hands-on exploration of numerical techniques used to model complex systems in finance and insurance. Students will learn how to simulate and analyze stochastic processes that underlie asset prices, risk dynamics, and actuarial models. Key topics include the generation of random variables, simulation of stochastic differential equations, and advanced Monte Carlo methods such as variance reduction, multilevel and importance sampling, least-squares Monte Carlo, and Markov chain Monte Carlo for Bayesian inference. Emphasis is placed on both the theoretical foundations and practical ...