• Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
  • ANU College ANU College of Business and Economics
  • Classification Advanced
  • Course subject Actuarial Studies
  • Academic career Postgraduate
  • Course convener
    • Dr Aaron Bruhn
  • Mode of delivery In Person
  • Co-taught Course ACST4031
  • Offered in First Semester 2018
    See Future Offerings

The aim of the Actuarial Control Cycle is to provide students with an understanding of underlying actuarial principles that may be applied to a range of problems and issues in commercial and business environments.  Students are expected to develop a holistic approach to practical problem solving, and develop a level of judgement and professional skills required to successfully apply actuarial principles.  The syllabus relates to actuarial practice both in the financial services and in other industries. Examples will be drawn from traditional and non-traditional areas to illustrate and establish the underlying actuarial principles in a problem based learning approach, using case studies and business-based examples.

This subject, in conjunction with ACST4032/8041 and ACST4033, provides the opportunity for exemption from the Part II academic requirements of the Actuaries Institute. Such exemption depends on the grades attained over all three subjects.

Learning Outcomes

Upon successful completion of the requirements of this course, the student will be able to:

  • Understand, discuss and apply an actuarial control cycle in a variety of practical commercial situations
  • Relate the main features within the general environment to medium and long-term commercial decisions, in a variety of markets
  • Analyse the main features of the financial services marketplace including products and distribution channels
  • Examine in detail the need for, and impact of, regulation and government policy on medium and long-term commercial decisions
  • Recognise the importance of capital
  • Understand, discuss and apply an enterprise risk management framework to identify and assess the risks in a range of situations
  • Select and build an appropriate model to solve client problems
  • Understand, discuss and apply the process of product design
  • Apply the tests of professionalism in a range of contexts

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

Typical assessment may include, but is not restricted to: assignments, a mid-semester exam and a final examination.

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.


Students are expected to commit at least 10 hours per week to completing the work in this course. This will include at least 3 contact hours per week and up to 7 hours of private study time.

Requisite and Incompatibility

To enrol in this course you must have completed STAT3038 or STAT6045. Incompatible with ACST4031.



Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
Band 3
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

6.00 0.12500
Domestic fee paying students
Year Fee
2018 $4080
International fee paying students
Year Fee
2018 $5400
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
2695 19 Feb 2018 27 Feb 2018 31 Mar 2018 25 May 2018 In Person

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