• 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
  • Academic career Undergraduate
  • Course convener
    • Dr Aaron Bruhn
  • Mode of delivery In Person
  • Co-taught Course ACST8040
  • Offered in First Semester 2019
    See Future Offerings

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 ACST4032/8041 and ACST4033/ACST8033 provides the opportunity for exemption from the Part II academic requirements of the Actuaries Institute. Such exemption depends on the grades attained over all three subjects.

Learning Outcomes

Upon successful completion of the requirements for this course, students will be able 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 of the financial services marketplace including products and distribution channels
  • Examine the need for, and impact of, regulation and government policy on medium and long-term commercial decisions
  • Recognise the importance of capital
  • Understand and apply an enterprise risk management framework to identify and assess the risks in a range of situations
  • Select and build an appropriate model to solve client problems
  • Discuss and apply the process of product design
  • Apply the tests of professionalism

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

Typical assessment may include, but is not restricted to: assignments, a mid-semester exam and a final examination.

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 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

To enrol in this course you must be studying ACST4004P/F Actuarial Studies IV Honours or Bachelor of Social Sciences (Honours in Actuarial Studies and Economics). Incompatible with ACST8040.

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:
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
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
2512 25 Feb 2019 04 Mar 2019 31 Mar 2019 31 May 2019 In Person

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions