Clayton Second semester 2008 (Day)
Topics covered in this unit include: an introduction to mathematics of finance, applications to debt markets, in particular the Australian annuity, short-term money market and capital markets; economic factors affecting the yield curve; interest rate risk management by immunisation; life contingencies, the mortality table, actuarial bases, life annuities, assurances, valuation of life interests, optimal conversion of lump sum to a retirement income stream, and retirement income streams.
The learning objectives of this unit are to:
Within semester assessment: 20%
Examination (2 hours): 80%
Three hours per week