• 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, Statistics
  • Academic career UGRD
  • Mode of delivery In Person

This course is designed to provide an introduction to the quantitative and qualitative aspects of actuarial work.  Topics covered include: the role, purpose and capabilities of actuaries; introduction to the financial services market in Australia; an overview of insurance and investment products; construction and use of the life table; allowing for uncertainty in financial calculations; calculation of premiums and reserves; introduction to Microsoft Excel and simulation techniques; professionalism; and the actuarial code of conduct.  This course is aimed at anyone interested in the work of actuaries, not just actuarial studies students.

Learning Outcomes

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

Upon successful completion of the requirements for this course, students will be able to:

1. Explain the purpose of the actuarial profession in society and the actuarial approach to solving problems.

2. Describe different fields that actuaries are involved in (including investment, superannuation, life insurance, general insurance and non-traditional) and the types of work actuaries do in these fields.

3. Perform basic actuarial calculations in each of these fields, both with and without the use of computer applications, and explain the purpose of the calculations.

Other Information

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

Indicative Assessment

  • Assignment 1 - 15%
  • Assignment 2 - 15%
  • Examination - 70%

Details about assessment may change during the first two weeks of semester. Please ensure that you check with your lecturer or tutor about any changes. Changes to the assessment schedule will be posted to the Wattle site.

 

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.

Prescribed Texts

There is no set text book for this course. Weekly lecture notes will be available on Wattle.

Hard copies of the lecture notes will not be provided in class. It is up to the student to print out the lecture notes from Wattle.

Some classes will require pre-reading of notes on Wattle to be done before class (these files will use the heading “Reading”).

Some questions from lecture notes and readings will also have forums available for their discussion on Wattle. Students are encouraged to answer these questions on Wattle and comment on other students answers. All posts to the discussion forum are to be respectful of other students. See the “Netiquette” link on Wattle for further information. Discussion forums will be moderated by the lecturers.

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:
2
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
Domestic fee paying students
Year Fee
2019 $3840
International fee paying students
Year Fee
2019 $5460
Note: Please note that fee information is for current year only.

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