* 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:
- Describe in detail the properties and limitations of common risk measures.
- Explain how models can be used in the ERM decision-making process.
- 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.
- Recommend and communicate appropriate models for risk assessment based on quantitative and qualitative analysis.
- 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: exams, assignments, quizzes, presentations and other assessment as appropriate (100) [LO 1,2,3,4,5]
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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
You will need to contact the Rsch Sch of Finance, Actuarial Studies & App Stats to request a permission code to enrol in this course.
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.
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