• 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
  • Academic career UGRD
  • Course convener
    • Dr Aaron Bruhn
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in First Semester 2020
    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, provides the opportunity for exemption from the requirements of the Actuarial Control Cycle subject under the Actuaries Institute‚Äôs Associate program. Such exemption depends on the grades attained over both subjects.

Learning Outcomes

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

  1. Discuss and apply an actuarial control cycle in a variety of practical commercial situations
  2. Communicate the main features within the general environment to medium and long-term commercial decisions
  3. Analyse the main features and risks of financial products and contracts, from the point of view of consumers and providers
  4. Demonstrate an understanding of enterprise risk management
  5. Apply a risk assessment framework to identify and assess the risks in a range of situations
  6. Discuss and apply the process of product design

Other Information

Indicative Assessment

  1. Typical assessment may include, but is not restricted to: assignments, mid-semester exam and a final examination. (100) [LO 1,2,3,4,5,6]

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 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time.

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course you must be studying a Bachelor of Actuarial Studies (Honours) (HACTS) or Bachelor of Social Sciences (Honours in Actuarial Studies and Economics) (ASSAE). Incompatible with ACST8040.

Prescribed Texts

Information about the prescribed textbook will be available via the Class Summary

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:
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.

Units EFTSL
6.00 0.12500
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
2342 24 Feb 2020 02 Mar 2020 31 Mar 2020 29 May 2020 In Person N/A

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