- Code STAT3057
- Unit Value 6 units
- 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 involves on campus teaching. For students unable to come to campus there will be a remote option. See the Class Summary for more details.
This course introduces techniques for risk modelling, with an emphasis on application to insurance portfolios and financial risks.
Upon successful completion, students will have the knowledge and skills to:
- Describe the properties of loss models, and estimate loss models for individual risks, both with and without risk sharing arrangements and coverage modifications.
- Describe the properties of risk measures and calculate risk measures.
- Apply extreme value distributions to model severity of loss.
- Apply basic copulas to model financial risks.
- Explain the concepts underlying time series models, and apply the main concepts to the modelling and forecasting of financial time series.
- Typical assessment may include, but is not restricted to: assignments and exams. (100) [LO 1,2,3,4,5]
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WorkloadStudents 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
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
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.