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Actuarial Practice and Control II (ACTL90011)
Graduate courseworkPoints: 12.5On Campus (Parkville)
To learn more, visit 2023 Course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Email: dnheath@unimelb.edu.au
Overview
Availability | Semester 2 |
---|---|
Fees | Look up fees |
Topics include assessment of solvency; analysis of experience; analysis of surplus; actuarial techniques in the wider fields; and an introduction to professionalism.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Discuss and apply an actuarial control cycle in a variety of practical commercial situations;
- Apply the tests of professionalism;
- Relate the main features within the general environment to medium and long term commercial decisions;
- Examine the need for and impact of regulation and government policy on medium and long term commercial decisions;
- Analyse the main features and risks of financial products and contracts, from the point of view of consumers and providers;
- Demonstrate an understanding of enterprise risk management and its role in organisational management;
- Apply a risk assessment framework to identify and assess the risks in a range of commercial situations;
- Discuss and apply the process of product design;
- Select an appropriate model to solve client problems;
- Recognise the importance of capital;
- Apply relevant approaches and techniques to the valuation of liabilities;
- Apply appropriate techniques to the pricing of products and contracts;
- Measure, report and manage solvency;
- Measure and report emerging profits and/or costs;
- Monitor and assess experience;
- Manage the business and respond to the experience.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- 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: 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-COMACTS Master of Commerce (Actuarial Science)
Corequisites
None
Non-allowed subjects
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACTL40007 | Actuarial Practice and Control II | Semester 2 (On Campus - Parkville) |
12.5 |
Recommended background knowledge
It is recommended that student complete ACTL90010 Actuarial Practice and Control I before taking this subject.
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 |
---|---|---|
Group assignment.
| Week 5 | 15% |
Group assignment.
| Week 9 | 15% |
End-of-semester examination
| During the examination period | 70% |
Last updated: 31 January 2024
Dates & times
- Semester 2
Principal coordinator David Heath Mode of delivery On Campus (Parkville) Contact hours 4 hours of lectures and/or tutorials per week Total time commitment 170 hours Teaching period 24 July 2023 to 22 October 2023 Last self-enrol date 4 August 2023 Census date 31 August 2023 Last date to withdraw without fail 22 September 2023 Assessment period ends 17 November 2023 Semester 2 contact information
Email: dnheath@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
Reading Block
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master 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: 31 January 2024