UniMelb UGHB96 : 300-101 Actuarial Studies 1

Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 192) Actuarial Studies subject : Next:300-203 | Search | Help

300-101 Actuarial Studies 1

Year 1 Actuarial Studies.

Credit points: 12.5

Coordinator: Ms Margaret Atkinson

Prerequisite: 618-101 Mathematics 1A

Contact: Two 1-hour lectures and a 1-hour tutorial each week

Timetable: Second semester

Objectives:

At the end of this subject, the student will:

understand and be able to apply fundamentals of compound interest to problems;
understand and be able to apply the life table to demographic problems;
have some appreciation of the actuarial profession and its current role; and
have attained some knowledge in respect of the major products, markets and institutions where actuaries work.

Content:

Compound interest operations including housing loans, personal loans, bonds and the use of a spreadsheet to solve these problems; the life table and its application to life insurance; finite differences; an introduction to insurance products; the role of the actuary; the significance of the financial institutions where actuarial management is used.

Assessment:

A 3-hour end of semester examination (80%), a mid semester test (10%), and an assignment of up to 1,500 words (10%). Additional assignments will also form an integral component of this subject.

Prescribed texts:

Knox, Zima and Brown, Mathematics of Finance, McGraw Hill

Actuarial Studies subject : Next:300-203 | Search | Help Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 192)

Status:          Official 1996
Date created:    Oct  9 1995
Last modified:   Oct  9 1995
Authorised by:   Academic Registrar
Email enquiries: Course_Information@registrar.unimelb.edu.au

Maintained by:   Dept. of Actuarial Studies, Faculty of Economics and Commerce.