- Code ACST8061
- Unit Value 6 units
- Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
- ANU College ANU College of Business and Economics
- Course subject Actuarial Studies
- Areas of interest Actuarial Studies, Finance, Statistics
This course follows on from ACST8060 (Enterprise Risk Management 1) to develop expertise in several aspects of Enterprise Risk Management including a thorough understanding of
- quantitative risk modelling and risk aggregation tools and techniques
- different risk measures
- the use of models in the ERM decision-making process, and
- methods and techniques for assessing and evaluating market risk, credit risk, operational and other risks.
Upon successful completion, students will have the knowledge and skills to:
Upon successful completion of the requirements for this course, students should have the kowledge and skills to:
1. Describe in detail the properties and limitations of common risk measures.
2. Explain how models can be used in the ERM decision-making process.
3. Demonstrate an understanding and be able to explain the different quantitative techniques for modelling and measuring risk including:
- Risk aggregation methods
- Statistical distributions
- Time series techniques
- Extreme value theory
4. Recommend and communicate appropriate models for risk assessment based on quantitative and qualitative analysis.
5. Assess and explain the different types of risk within an organisation including: market risk, credit risk, operational and other risks.
This subject, in conjunction with ACST4060/ACST8060 provides the opportunity for exemption from Module 1 of the Part III academic requirements of the Actuaries Institute. Such exemption depends on the grades attained over both subjects.
Typical assessment may include, but is not restricted to: a written assignment, a mid-semester exam and a final exam.
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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
- Sweeting, P. 2011. Financial Enterprise Risk Management, Cambridge University Press.
- Actuarial Education Company (ActEd) ST9 Course Notes
Other readings will be made available via the course Wattle site.
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:
- 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.
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.