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Topics in Actuarial Studies (ACTL20004)
Undergraduate level 2Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
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: 31 January 2024
Eligibility and requirements
Prerequisites
All of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
MAST20004 | Probability |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
ACTL20001 | Introductory Financial Mathematics | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Refer to prerequisites
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 |
---|---|---|
Assignment
| Week 10 | 25% |
Mid-Semester Exam
| Week 6 | 15% |
End-of-semester examination
| During the examination period | 60% |
Last updated: 31 January 2024
Dates & times
- Semester 2
Principal coordinators Benjamin Avanzi and Yuyu Chen Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and one 1-hour tutorial per week Total time commitment 170 hours Teaching period 22 July 2024 to 20 October 2024 Last self-enrol date 2 August 2024 Census date 2 September 2024 Last date to withdraw without fail 20 September 2024 Assessment period ends 15 November 2024 Semester 2 contact information
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
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: 31 January 2024