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Actuarial Practice and Control III (ACTL90009)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
Semester 2
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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

On successful completion of this subject students should be able to:




  • 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.
  • Understand 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

On successful completion of this subject, students should have improved the following 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

Admission into MC-COMACTS Master of Commerce (Actuarial Science) and ACTL90011 (or equivalent)

Code Name Teaching period Credit Points
ACTL90011 Actuarial Practice and Control II
Semester 2 (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

Disallowed subject combination: ACTL40009 Actuarial Practice and Control III

Code Name Teaching period Credit Points
ACTL40009 Actuarial Practice and Control III
Semester 2 (On Campus - Parkville)
 12.5

Recommended background knowledge

ACTL40006 Actuarial Practice and Control I

ACTL40007 Actuarial Practice and Control II

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%)
  • A 3000 word assignment due in week 11 (20%)

Note: Successful completion of this subject requires a pass (50%) in the final exam.

Last updated: 3 November 2022

Dates & times

  • Semester 1
    Principal coordinatorKevin Fergusson
    Mode of deliveryOn Campus (Parkville)
    Contact hours1 x 1 hour lecture and 1 x 2 hour lecture
    Total time commitment170 hours
    Teaching period 4 March 2019 to 2 June 2019
    Last self-enrol date15 March 2019
    Census date31 March 2019
    Last date to withdraw without fail10 May 2019
    Assessment period ends28 June 2019

    Semester 1 contact information

    Email: kevin.fergusson@unimelb.edu.au

  • Semester 2
    Principal coordinatorKevin Fergusson
    Mode of deliveryOn Campus (Parkville)
    Contact hours1 x 1 hour lecture and 1 x 2 hour lecture
    Total time commitment170 hours
    Teaching period29 July 2019 to 27 October 2019
    Last self-enrol date 9 August 2019
    Census date31 August 2019
    Last date to withdraw without fail27 September 2019
    Assessment period ends22 November 2019

    Semester 2 contact information

    Email: kevin.fergusson@unimelb.edu.au

Time commitment details

Estimated total time commitment of 170 hours per semester

Last updated: 3 November 2022

Further information

  • Texts

    Prescribed texts

    None

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseMaster of Commerce (Actuarial Science)
  • 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