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 300-101 Actuarial Studies 1

Coordinator

Ms M Atkinson

Prerequisites

620-121 Mathematics 1A.

Semester

2

Contact

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

Subject Description

An introduction to: compound interest functions and operations; valuation of annuities, bonds and loans; demography, and factors affecting population growth and size; construction and use of the life table; applications of these in life insurance; types of insurance products; the role of the actuary; the significance of financial institutions utilising actuarial management.

Assessment

A 3-hour end-of-semester examination (80%); a 1-hour mid semester test (10%); and a 1200 word essay (10%). Assignments during the semester will form an integral part of the course, but are not included in the formal assessment.

Prescribed Texts
  • Knox, Zima and Brown, Mathematics of Finance. McGraw Hill.
  • Pollard, Yusuf and Pollard, Demographic Techniques. Pergamon.
Search : Index : Faculty of Economics and Commerce : Actuarial Studies
Next 300-203 Mathematics in the Financial World
 
Status:                   Official 1998
Last Modified:            Tuesday April 28 19:09
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Authorised by:            Academic Registrar
Email Enquiries:          Course_Information@registrar.unimelb.edu.au