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Actuarial Practice and Control III (ACTL40009)
Undergraduate level 4Points: 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 |
This subject covers analysis of investment portfolios and asset classes from the perspective of an appointed actuary, with a view to identifying assets that suit the requirements of a variety of general insurance, life insurance, superannuation and other defined benefit liabilities.
Intended learning outcomes
- Appraise the investment requirements of a variety of types of insurance companies, superannuation funds and similar institutional investors.
- Explain these requirements in terms of realistic and achievable objectives.
- Analyse the characteristics of different asset classes in sufficient depth to establish a suitable strategy for achieving these objectives, using stochastic asset models and other techniques, as appropriate.
- Monitor investment portfolios, and their performance, in relation to stated objectives and the liabilities against which they are held.
Generic skills
High level of development: written communication; collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
All of the following:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL30004 | Actuarial Statistics | Semester 2 (On Campus - Parkville) |
12.5 |
ACTL30003 | Contingencies | Semester 2 (On Campus - Parkville) |
25 |
ACTL30006 | Financial Mathematics III | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
Students cannot gain credit for both
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL40009 | Actuarial Practice and Control III | Semester 2 (On Campus - Parkville) |
12.5 |
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL90009 | Actuarial Practice and Control III |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
Recommended background knowledge
The following:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL40006 | Actuarial Practice and Control I | Semester 1 (On Campus - Parkville) |
12.5 |
ACTL40007 | Actuarial Practice and Control II | Semester 2 (On Campus - Parkville) |
12.5 |
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: 3 November 2022
Assessment
Additional details
- A 3-hour end-of-semester examination (80%)
- One assignment or essay, totalling not more than 2000 words due week 10 (20%)
- To pass this subject students must pass the end of semester examination.
Last updated: 3 November 2022
Dates & times
- Semester 2
Principal coordinator Kevin Fergusson Mode of delivery On Campus (Parkville) Contact hours A total of three contact hours per week, consisting of lectures and/or tutorials Total time commitment 170 hours Teaching period 29 July 2019 to 27 October 2019 Last self-enrol date 9 August 2019 Census date 31 August 2019 Last date to withdraw without fail 27 September 2019 Assessment period ends 22 November 2019 Semester 2 contact information
Time commitment details
170 hours
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
None.
- 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: 3 November 2022