• Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
  • ANU College ANU College of Business and Economics
  • Course subject Statistics
  • Areas of interest Actuarial Studies

This course introduces techniques for risk modelling, with an emphasis on application to insurance portfolios and financial risks.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

Upon successful completion of the requirements for this course, students will be able to:
  1. Describe the properties of loss distributions in a variety of contexts, and estimate individual and compound loss distributions, both with and without risk sharing arrangements.
  2. Describe and utilise extreme value distributions to model severity of loss.
  3. Describe and apply a variety of copulas to model financial risks.
  4. Explain the concepts underlying time series models, and apply the concepts to the modelling and forecasting of financial time series.
  5. Explain and apply principles of machine learning.

Indicative Assessment

Typical assessment may include, but is not restricted to: assignments and exams.  

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.

Workload

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 STAT6013 and STAT6014. Incompatible with STAT3035, STAT3036, STAT3057, STAT8035 and STAT8036.

Fees

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:
2
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.

Units EFTSL
6.00 0.12500
Domestic fee paying students
Year Fee
2019 $3840
International fee paying students
Year Fee
2019 $5460
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 Class Summary
3618 24 Feb 2020 02 Mar 2020 31 Mar 2020 29 May 2020 In Person N/A

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions