Faculty of Business and Economics

Monash University

Undergraduate - Unit

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.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Econometrics and Business Statistics
OfferedClayton Second semester 2015 (Day)
Coordinator(s)Dr Mike Callan


The learning goals associated with this unit are to:

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


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.

See also Unit timetable information

Chief examiner(s)


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