- Code ACST4031
- 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 involves on campus teaching. For students unable to come to campus there will be a remote option. See the Class Summary for more details.
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’s Associate program. Such exemption depends on the grades attained over both subjects.
Upon successful completion, students will have the knowledge and skills to:
- Discuss and apply an actuarial control cycle in a variety of practical commercial situations;
- Relate the main features within the general environment to medium and long-term commercial decisions;
- Analyse the main features and risks of financial products and contracts, from the point of view of consumers and providers;
- Demonstrate an understanding of enterprise risk management;
- Apply a risk assessment framework to identify and assess the risks in a range of situations;
- Discuss and apply the process of product design; and,
- Demonstrate an understanding of how models are used to solve client problems.
- Typical assessment may include but is not restricted to: assignments, mid-semester exam and a final examination. (100) [LO 1,2,3,4,5,6,7]
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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.
Requisite and Incompatibility
Information about the prescribed textbook will be available via the Class Summary
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found 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.