MECE-103 EM 2025-26 SOLVED ASSIGNMENT

Description

MASTER OF ARTS
(ECONOMICS)
ASSIGNMENTS 2025-26
Fourth Semester Courses
(For learners appearing in term-end exams in June
2026 and December 2026 Sessions)

MECE-103: ACTUARIAL ECONOMICS: THEORY AND PRACTICE

Tutor Marked Assignment

Course Code: MECE-003/103

Asst. Code: MECE-003/103/AST/2025-26

Maximum Marks: 100

Note: Answer all the questions. While questions in Section A carry 20 marks each, those in Section B carry 12 marks each.

Section A

1) Describe the Gambler’s Ruin problem. Explain how you can find out the duration of a walk, both in the case of unbiased walk and biased walk.

2)Distinguish between single period binary model and multi-period binary model. How do you formulate a binary model? Explain the method of determination of the right price.

Section B

3.Explain the various steps for applying Extreme Value Theory (EVT).

4. Describe the factors that affect the calculation and estimation of re-insurance.

5.Give a brief account of the factors that are instrumental in insurance sector reforms in India.

.Discuss the objectives and the structure of Dynamic Financial Analysis (DFA).

7.Write short notes on the following: (a) Premium principles (b) Black-Scholes model