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Topics in Insurance and Finance (ACTL90021)
Graduate courseworkPoints: 12.5Dual-Delivery (Parkville)
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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 - Dual-Delivery |
---|---|
Fees | Look up fees |
Topics include distributions of accumulations and present values; stochastic interest rate models; time series models; an introduction to ruin theory; claim run-off triangles; stochastic simulation.
Intended learning outcomes
Intended Learning Outcomes
- Derive and apply results for simple stochastic models for investment returns.
- Apply simple time series models for investment returns.
- Describe and apply techniques for analysing a delay (or run-off) triangle and projecting the ultimate position.
- Explain the concept of ruin.
- Explain the significance of the adjustment coefficient in ruin theory.
- Apply pre-requisite mathematical and statistical concepts to the solution of problems on the above topics.
Generic skills
- High level of development
- Written communication
- Problem solving
- Statistical reasoning
- Application of theory to practice
- Use of computer software
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
Admission into one of the following:
- MC-ACTSC Master of Actuarial Science
- MC-ACTSCEN Master of Actuarial Science (Enhanced)
- MC-ACTSCEX Master of Actuarial Science (Extended)
OR
All of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL90001 | Mathematics of Finance I | Semester 1 (Dual-Delivery - Parkville) |
12.5 |
MAST20004 | Probability |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
Corequisites
Non-allowed subjects
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Individual Assignment 1
| First half of the teaching period | 10% |
Mid-Semester Exam (week 6- 8)
| Mid semester | 10% |
Individual Assignment 2
| Second half of the teaching period | 10% |
End-of-Semester Exam
| During the examination period | 70% |
Additional details
Important online examination information:
This examination is the equivalent of a 2-hour assessment; however, students are provided with 3-hours to accommodate the time that will be required for typesetting of mathematical expressions and the uploading of documents.
Last updated: 31 January 2024
Dates & times
- Semester 2
Principal coordinator Guo Liu Mode of delivery Dual-Delivery (Parkville) Contact hours Two 1-hour lectures and one 1-hour tutorial per week Total time commitment 170 hours Teaching period 25 July 2022 to 23 October 2022 Last self-enrol date 5 August 2022 Census date 31 August 2022 Last date to withdraw without fail 23 September 2022 Assessment period ends 18 November 2022 Semester 2 contact information
Email: guo.liu@unimelb.edu.au
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- 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: 31 January 2024