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Topics in Actuarial Studies (ACTL20004)
Undergraduate level 2Points: 12.5On Campus (Parkville)
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About this subject
Contact information
Semester 2
Overview
| Availability | Semester 2 |
|---|---|
| Fees | Look up fees |
This subject aims to provide students with grounding in some topics in actuarial studies, covering 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
On completion of this subject, students should be able to:
- Derive and apply results for simple stochastic models for investment returns.
- Describe and apply techniques for analysing a delay (or run-off) triangle and projecting the ultimate position.
- Illustrate the concept of ruin and analyse the significance of the adjustment coefficient in ruin theory.
- Use utility theory to describe the main aspects of risk and insurance.
- Build and manipulate financial models in spreadsheet software.
- 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: 4 March 2025