Undergraduate - UnitETC4120 - Actuarial practice II

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Econometrics and Business Statistics
Offered	Clayton Second semester 2015 (Day)
Coordinator(s)	Dr Mike Callan

Outcomes

The learning goals associated with this unit are to:

discuss and apply the process of product design
select an appropriate model to solve client problems
recognise the importance of capital
apply relevant approaches and techniques to the valuation of liabilities
apply appropriate techniques to the pricing of products and contracts
measure, report and manage solvency
measure and report emerging profits and/or costs
monitor and assess experience
manage the business and respond to the experience.

Assessment

Within semester assessment: 40% Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Dr Mike Callan

Prerequisites

Students must seek permission from the Head of Department before enrolling in this unit.