Actuaries identify, analyse and assess risk. They determine the likelihood of economic or property losses such as those that occur during natural disasters and calculate insurance premiums that allow individuals, business and governments to insure against these risks. Actuaries do this by applying the concepts of mathematics and statistics to real life scenarios.
This area of study entry applies to students commencing this course in 2018 and should be read in conjunction with the relevant course entry in the Handbook.
Any units listed for this area of study relate only to the 'Requirements' outlined in the component of any bachelors double degrees.
Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.
- The following eight units (48 points):
- Introduction to financial accounting
- Probability and statistical inference for economics and business
- Debt markets and fixed income securities
- Corporate finance 1
- Statistical methods in insurance
- Actuarial statistics
- Mathematics for economics and business
- Contingencies in insurance and pensions*
* Capstone unit.
- Four units (24 points) from the following :
- Business analytics
- Principles of econometrics**
- Applied econometrics **
- Insurance mathematics
- Financial mathematics under uncertainty
- Financial econometrics
- Modelling in finance and insurance
** One ofor is required to progress into honours in econometrics and business statistics.
Successful completion of this specialisation can be counted towards meeting the requirements for the following single degree:
- B2004 Bachelor of Commerce Specialist
Students in other single bachelor's degrees are not eligible to complete this specialisation.
Successful completion of this specialisation can be counted towards meeting the requirements for the Bachelor of Commerce Specialist component in the following double degrees:
- B2014 Bachelor of Commerce and Bachelor of Commerce Specialist
- B2024 Bachelor of Commerce Specialist and Bachelor of Arts
- B2009 Bachelor of Commerce Specialist and Bachelor of Computer Science
- B2015 Bachelor of Commerce Specialist and Bachelor of Information Technology
- B2016 Bachelor of Commerce Specialist and Bachelor of Science
- E3003 Bachelor of Engineering (Honours) and Bachelor of Commerce Specialist