Bachelor of Social Sciences (Honours in Actuarial Studies and Economics)

Length 4 year full-time
Minimum 192 Units

Admission requirements

Prerequisites Adjustment factors availability

First year student? There’s more information about enrolling in your degree.

Academic plan ASSAE
CRICOS code 050951E
UAC code
- 134454 (B SocSc(Hon ActuralStds & Eco))

Field of Education
- Insurance and Actuarial Studie

Program Requirements

This program requires the completion of 192 units, which must consist of:

84 units from completion of the following compulsory courses offered by the The Australian National University:

FINM2002 Derivatives

FINM2003 Investments

FINM3003 Continuous Time Finance

STAT2001 Introductory Mathematical Statistics

STAT2032 Financial Mathematics

STAT2005 Introduction to Stochastic Processes

STAT3032 Survival Models

STAT3035 Risk Theory

STAT3036 Credibility Theory

STAT3037 Life Contingencies

STAT3038 Actuarial Techniques

ACST4031 Actuarial Control Cycle 1

ACST4032 Actuarial Control Cycle 2

ACST4033 Investment and Asset Modelling

6 units from completion of one of the following Asian studies courses offered by the The Australian National University:

ASIA1025 Culture and Society in Asia

ASIA1030 Lives in Motion: The Politics of Culture and Everyday Experience in Postcolonial Asia

6 units from completion of one of the following humanities courses at the The Australian National University:

PHIL1005 Logic and Critical Thinking

PHIL1004 Fundamental Ideas in Philosophy: an introduction

Completion of the following compulsory courses at National University of Singapore:

ACC1002X Financial Accounting

EC1101E Introduction to Economic Analysis

EC2101 Microeconomic Analysis I

EC2102 Macroeconomic Analysis I

EC2303 Foundations for Econometrics

EC3101 Microeconomic Analysis II

EC3102 Macroeconomic Analysis II

EC3303 Econometrics I

EC3304 Econometrics II

EC4401 Honours Thesis

FAS1101 Writing Academically: Arts & Social Sciences

FAS1102 Public Writing and Communication

FIN2004X Finance

FINM3101 Corporate Finance

GE Quantitative Reasoning/Asking Questions Module

GESXXXX Singapore Studies Model

MA1101R Linear Algebra I

MA1102R Calculus

Three Economics level-4000 electives

The final Honours grade will be determined by the National University of Singapore

Elective Study

Once you have met the program requirements of your degree, you may have enough electives to complete an additional elective major, minor or specialisation.

Study Options

Year 1 48 units	NUS EC1101E Introduction to Economic Analysis	NUS EC2303 Foundations for Econometrics	NUS ACC1002X Financial Accounting	NUS MA1102R Calculus<b/>FASS exposure module/General Education/Singapore Studies Module
Year 1 48 units	NUS EC2101 Microeconomic Analysis I	NUS EC2102 Macroeconomic Analysis I	NUS EC3303 Econometrics I	NUS FIN2004 Finance MA1101R Linear Algebra I
Year 2 48 units	NUS EC3101 Microeconomic Analysis II	NUS EC3102 Macroeconomic Analysis II	NUS EC3304 Econometrics II	NUS FIN3101 Corporate Finance FASS exposure module/General Education/Singapore Studies Module
Year 2 48 units	STAT2001 Introductory Mathematical Statistics 6 units	STAT2032 Financial Mathematics 6 units	FINM2002 Derivatives 6 units	Asian Studies Elective Course 6 units
Year 3 48 units	STAT3037 Life Contingencies 6 units	STAT2005 Introduction to Stochastic Processes 6 units	FINM2003 Investments 6 units	STAT3038 Actuarial Techniques 6 units
Year 3 48 units	STAT3032 Survival Models 6 units	FINM3003 Continuous Time Finance 6 units	STAT3035 Risk Theory 6 units	ACST4031 Actuarial Control Cycle 1 6 units
Year 4 48 units	STAT3036 Credibility Theory 6 units	ACST4032 Actuarial Control Cycle 2 6 units	ACST4033 Investment and Asset Modelling 6 units	Humanities Elective Course 6 units
Year 4 48 units	NUS EC4101 Microeconomic Analysis III	NUS EC4102 Macroeconomic Analysis III	NUS EC4401 Honours Thesis (15 MCs)	One Economics level-4000 elective

Admission Requirements

Admission to all programs is on a competitive basis. Admission to undergraduate degrees is based on meeting the ATAR requirement or an equivalent rank derived from the following qualifications:

• An Australian year 12 qualification or international equivalent; OR
• A completed Associate Diploma, Associate Degree, AQF Diploma, Diploma, AQF Advanced Diploma, Graduate Certificate or international equivalent; OR
• At least one standard full-time year (1.0 FTE) in a single program of degree level study at an Australian higher education institution or international equivalent; OR
• An approved tertiary preparation course unless subsequent study is undertaken.

Click HERE for further information about domestic admission.

More information about ATAR requirements for individual programs can be found HERE.

The National Register of higher education providers is an authoritative source of information that will help you confirm your institution of choice is registered to deliver higher education in Australia.

The Quality Indicators for Learning and Teaching (QILT) website is HERE. Based on surveys done by thousands of students across Australia you can find out about universities that interest you, doing side-by-side comparisons.

The table below is a guide to the entry level required for domestic applicants. Exact entry level will be set at time of offer.

Domestic applicant entry requirements

Queensland Band equivalents are a guide only - selection is made on an ATAR equivalent that is not available to students.

International applicant entry requirements

International applicants may view further information on admissions requirements at Entry Requirements for International Undergraduate Applicants

The University reserves the right to alter or discontinue its programs as required.

ATAR:: 95
QLD Band:: 4
International Baccalaureate:: 37

Prerequisites

ACT: Specialist Mathematics (Major/Minor) (160+)/Specialist Methods(Major/Minor) (160+), NSW: Mathematics Extension 1 (Band E3) or equivelant. More information about interstate subject equivalencies can be found here.

Adjustment Factors

ANU offers rank adjustments for a number of adjustment factors, including for high achievement in nationally strategic senior secondary subjects and for recognition of difficult circumstances that students face in their studies. Rank adjustments are applied to Bachelor degree applicants with an ATAR at or above 70. Points are awarded in accordance with the approved schedules, and no more than 15 points (maximum 5 subject/performance-based adjustments, maximum 10 equity-based adjustments and maximum 5 Elite Athlete adjustments) will be awarded. Subject and performance-based adjustments do not apply to programs with a minimum selection rank of 98 or higher. Visit the ANU Adjustment Factors website for further information.

Commonwealth Supported Place (CSP)

For more information see: http://www.anu.edu.au/students/program-administration/costs-fees

Annual indicative fee for international students: $42,960.00

For further information on International Tuition Fees see: https://www.anu.edu.au/students/program-administration/fees-payments/international-tuition-fees

Scholarships

ANU offers a wide range of scholarships to students to assist with the cost of their studies.

Eligibility to apply for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are. Specific scholarship application process information is included in the relevant scholarship listing.

For further information see the Scholarships website.

Are you wondering how you can apply your mathematical skills in an area that extends you and makes a difference to society? Do you want a degree from two globally respected institutions? Then this is the degree for you!

This program commences in July/August each year at National University of Singapore.

You will spend half of this four-year degree at the National University of Singapore and half of this degree at Australian National University receiving a world-class education at both institutions.

Graduates will apply mathematical, statistical, financial, economic and other skills to untangle the most complex and difficult problems. This will prepare them to be thought leaders in financial fields such as insurance, superannuation, investments and other areas of great importance to our futures.

Career Options

Graduates from ANU have been rated as Australia's most employable graduates and among the most sought after by employers worldwide.

The latest Global Employability University Ranking, published by the Times Higher Education, rated ANU as Australia's top university for getting a job for the fourth year in a row.

Employment Opportunities

Career opportunities for Actuaries graduates include Actuary-Investment Analyst, Actuary-Fund Administrator/Investment Manager, Liability Consultant/Liabilities Manager and Actuarial Insurance Broker.

Learning Outcomes

To develop a grounding in financial mathematics and applications, including the time value of money, annuities, bond and loan calculations
To develop the ability to interpret the accounts and financial statements of companies and financial institutions.
To develop a grounding in mathematical statistics and regression modeling
To develop a grounding in stochastic processes, survival models and their application in actuarial contexts
To develop a grounding in the mathematical techniques used to model and value cashflows dependent on death, survival, illness, retirement, and other contingencies.
To develop a grounding in the advanced mathematics which has particular relevance to financial work, including risk theory, bayesian statistics, generalized linear modeling, and time series techniques.
To develop a grounding in the fundamental concepts of micro and macroeconomics.

Further Information

Electives:

Students have 48 units of electives in a single degree program. Electives can be selected from CBE or other Colleges. No more than 10 courses at 1000 level.

Students wish to undertake an out of college elective may contact the relevant College directly.

Student Responsibility:

It is the student's responsibility to select electives in such a way that:

they satisfy prerequisites for the corresponding course/s.
they conform to the rules set out in Programs and Courses or if unsure seek advice from the CBE office.

It is the student's responsibility to select the courses appropriate for his/her program.

Application closing date for this program is end of February. As all ANU students must also enrol at NUS and register with NUS accommodation services before 31 March.

Back to the Bachelor of Social Sciences (Honours in Actuarial Studies and Economics) page

Enrolment Status

This program commences in the second semester (July) in Singapore (NUS). Students will study the first 3 semesters at NUS, followed by 4 semesters at ANU and then the final semester at NUS. Students are to be enrolled at both ANU and NUS.

You should fill the enrolment form (http://www.anu.edu.au/files/resource/Enrolment-Change-Editable.pdf) to enrol for the ANU: CBEA5921 Exchange ANU CBE (24 units) for each of first three semesters.