ETC2430

Actuarial statistics

(BUS)

Dr Phillip Edwards

6 points + Two 1-hour lectures per week, one 2-hour tutorial per week + Second semester + Clayton + Prerequisites: AFC1021 or AFC1022 and ETC1010 or ETC2010 or ETC1031

Synopsis: This course will introduce students to some of the techniques used in actuarial work, and will give an overview of some of the areas in which actuaries are currently involved. The student is introduced to the basic concepts involved in assessing risk and pricing insurance products, and to this end will gain experience in using past data to model survival and in using a simple model of compound interest to value financial transactions.

Assessment: One 2-hour open-book test: 20% + One assignment: 20% + Examination (2 hours): 60%