• 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
  • Mode of delivery In Person
  • Co-taught Course

This course aims to extend actuarial students' knowledge of modern analytical tools and techniques beyond those introduced in introductory actuarial courses. It further aims to to teach students how to apply this knowledge in real-life business settings, preparing them for more complex and practice specific applications which will be taught in future courses in their actuarial education.

This subject provides the opportunity for exemption from the requirements of the Core Data & Statistical Analysis subject under the Actuaries Institute’s Associate program. Such exemption depends on the grades attained in the subject.

Learning Outcomes

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

  1. Explain where and how their analytical work can add value to the business environment and strategy.
  2. Source, interpret, evaluate and prepare data for modelling.
  3. Select and justify appropriate predictive analytic techniques for a given business problem.
  4. Apply predictive analytic techniques to solve estimation and classification problems.
  5. Evaluate and compare performance of different models.
  6. Communicate findings to a range of audiences.

Other Information

See the requisite statement for information on eligibility to take this course.

Indicative Assessment

  1. The research-based assessment will consist of assignments. (40) [LO 1,2,3,4,5,6]
  2. The other assessment may include but is not restricted to: exams, quizzes, presentations and other assessments as appropriate. (60) [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.


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 previously completed STAT6045 and STAT6057. Incompatible with ACST4062. This course is available to students enrolled in the Bachelor of Actuarial Studies who have completed ACST8040. See the details for that course for further information about requisites. Students enrolled in the Bachelor of Actuarial Studies who have met the requisites and wish to enrol in this course should contact the Bachelor of Actuarial Studies program convener to request a permission code for enrolment.

Prescribed Texts

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

Assumed Knowledge

Students are assumed to have a good grasp of the material from the CS1 and CS2 exemptions of the Actuaries Institute. 


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.

6.00 0.12500
Domestic fee paying students
Year Fee Description
2023 $4560 Standard Rate
2023 $3600 Grandfathered Rate*

*continuing students in nominated programs only. See fee website

International fee paying students
Year Fee
2023 $5820
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

There are no current offerings for this course.

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