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Actuarial Statistics (ACTL30004)
Undergraduate level 3Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Overview
Availability | Semester 2 |
---|---|
Fees | Look up fees |
Topics include experience rating; claim run-off triangles; generalised linear models; time series and their applications; simulation; decision theory.
Intended learning outcomes
- Describe the fundamental concepts of rating and apply them to simple experience rating systems
- Describe and apply techniques for analysing a delay (or run-off) triangle and projecting the ultimate position
- Use statistical software such as R to estimate parameters for statistical models and to write simple functions to complete routine tasks
- Explain and apply the method of maximum likelihood estimation
- Explain the fundamental concepts of a generalised linear model (GLM), and describe how a GLM may apply
- Define and apply the main concepts underlying the analysis of time series models
- Explain the concepts of ""Monte Carlo"" simulation using a series of pseudo-random numbers
- Apply pre-requisite mathematical and statistical concepts to the solution of problems on the above topics
Generic skills
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High level of development: written communication; problem solving; statistical reasoning; application of theory to practice; interpretation and analysis; synthesis of data and other information; evaluation of data and other information; use of computer software.
Last updated: 27 April 2024
Eligibility and requirements
Prerequisites
The following:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
No longer available |
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL30002 | Actuarial Modelling II | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
Students may not gain credit for both
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL30004 | Actuarial Statistics | Semester 2 (On Campus - Parkville) |
12.5 |
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 27 April 2024
Assessment
Additional details
- 50-minute mid-semester test, middle of semester (10%)
- One 1000-word assignment, due in the second half of semester (10%)
- 2-hour end-of-semester examination, end of semester (80%)
- To pass this subject students must pass the end of semester examination.
Last updated: 27 April 2024
Dates & times
- Semester 2
Principal coordinator Enrique Calderin Mode of delivery On Campus (Parkville) Contact hours Three hours of lectures and/ or tutorials per week Total time commitment 170 hours Teaching period 23 July 2018 to 21 October 2018 Last self-enrol date 3 August 2018 Census date 31 August 2018 Last date to withdraw without fail 21 September 2018 Assessment period ends 16 November 2018 Semester 2 contact information
Time commitment details
Estimated total time commitment of 170 hours.
Last updated: 27 April 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
Recommended texts and other resources
Information Not Available
- Breadth options
This subject is available as breadth in the following courses:
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 27 April 2024