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Syllabus of Basic Education

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2018 Syllabus Updates

Updated: February 21, 2018

The following are the changes made to the Syllabus of Basic Education after its initial publication.


Exam MAS-I—Modern Actuarial Statistics-I

For An Introduction to Statistical Learning, with Application in R by Gareth James et al., an updated printing will be used. In addition, the reading will be available on a web page titled Complete Online Text References.

ST9 Exam Administration for CERA Designation

The April administration for Exam ST9 of the Institute and Faculty of Actuaries (U.K.) has been changed to April 19, 2018.

Exam 9—Financial Risk and Rate of Return

The text reference for "Riskiness Leverage Models" by R.E. Kreps has been revised to include a link to an authored-developed spreadsheet that replicates the exhibits in the paper.


Note: This Syllabus is subject to change in the future.

The Syllabus for each examination is defined in the form of Learning Objectives, Knowledge Statements, and Readings. The Learning Objectives present the learning goals for the underlying subjects being tested and set forth, usually in broad terms, what the candidate should be able to do in actual practice. The Knowledge Statements describe the body of knowledge corresponding to the exam subject and are illustrative of the scope of each Learning Objective. The Readings are recommended resources that support the Learning Objectives and may assist candidates to prepare for the examination. The CAS is not responsible for any errors or omissions found in the content of the resources identified in the Readings.

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Posted on 05/11/2018
By Brian Fannin

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