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ACSC13-305: Actuarial and Financial Models

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  4. ACSC13-305: Actuarial and Financial Models

Description

The aim of this subject is to provide a grounding in the principles of modelling as applied to actuarial work – focusing particularly on stochastic asset liability models and the valuation of financial derivatives. These skills are also required to communicate with other financial professionals and to critically evaluate modern financial theories.

Subject details

TypeUndergraduate
CodeACSC13-305
EFTSL0.125
FacultyBond Business School
Semesters offered
  • January 2021 [Standard Offering]
  • September 2021 [Standard Offering]
  • January 2022 [Standard Offering]
  • September 2022 [Standard Offering]
  • January 2023 [Standard Offering]
Credit10
Study areas
  • Actuarial Science
Subject fees
  • Commencing in 2020: $4,340
  • Commencing in 2021: $3,890

Learning outcomes

1. Apply modern asset and derivatives pricing theory to implement valuation methodology to insurance and finance applications
2. Construct stochastic models of financial securities and other asset pricing situations
3. Explain stochastic interest rate modelling concept and the practically used term structures modelling of interest rates
4. Describe simple models for credit risk assessment
5. Apply ruin theory to liability valuation in insurance contexts
6. Demonstrate run-off techniques in general insurance reserving applications
7. Use asset liability valuation methodologies in Excel/VBA to various insurance and finance applications.

Enrolment requirements

Requisites: ?

Pre-requisites: ?

Co-requisites: ?

There are no co-requisites.

Pre/Co-requisites: ?

Restrictions: ?

Nil

Subject outlines

Subject dates

Standard Offering
Enrolment opens02/08/2020
Semester start14/09/2020
Subject start14/09/2020
Cancellation 1?28/09/2020
Cancellation 2?05/10/2020
Last enrolment27/09/2020
Withdraw – Financial?10/10/2020
Withdraw – Academic?31/10/2020
Teaching census?09/10/2020
Standard Offering
Enrolment opens15/11/2020
Semester start18/01/2021
Subject start18/01/2021
Cancellation 1?01/02/2021
Cancellation 2?08/02/2021
Last enrolment31/01/2021
Withdraw – Financial?13/02/2021
Withdraw – Academic?06/03/2021
Teaching census?12/02/2021