• 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
  • Academic career PGRD
  • Course convener
    • Dr Gaurav Khemka
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in Second Semester 2020
    See Future Offerings

All activities that form part of this course will be delivered remotely

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.

Learning Outcomes

Upon successful completion, students will have the knowledge 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 of, and be able to explain the different quantitative techniques for modelling and measuring risk including risk aggregation methods, statistical distributions, copulas, time series techniques, and 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.

Other Information

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.

Indicative Assessment

  1. Typical assessment may include, but is not restricted to: exams, assignments, quizzes, presentations and other assessment as appropriate (100) [LO 1,2,3,4,5]

In response to COVID-19: Please note that Semester 2 Class Summary information (available under the classes tab) is as up to date as possible. Changes to Class Summaries not captured by this publication will be available via Wattle and/or students should have been advised by the offering College. 

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 have completed ACST8060. Incompatible with ACST4061.

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
Domestic fee paying students
Year Fee
2020 $3900
International fee paying students
Year Fee
2020 $6000
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
7835 27 Jul 2020 03 Aug 2020 31 Aug 2020 30 Oct 2020 In Person View

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