STAT3037 Life Contingencies
Later Year Course
| Offered By | School of Finance, Actuarial Studies & Appl Stats |
|---|---|
| Academic Career | Undergraduate |
| Course Subject | Statistics |
| Offered in | First Semester, 2011 and First Semester, 2012 |
| Unit Value | 6 units |
| Course Description |
This course develops the basic actuarial techniques that are used in later work. Topics covered include: principal forms of heterogeneity within a population and the ways in which selection can occur; definition of simple assurance and annuity contracts; development of formulae for the means and variances of the present values of the payments under these contracts, assuming deterministic interest; practical methods of evaluating expected values and variances of simple insurance and annuity contracts; description and calculation, using ultimate or select mortality, of net premiums and net premium provisions for simple insurance contracts; and the calculation of gross premiums and provisions of assurance and annuity contracts. |
| Learning Outcomes |
On completion of this course students should understand and be able to apply the processes and applications outlined in the course description. |
| Indicative Assessment |
Best two out of three in-class quizzes 30% |
| Workload |
Three contact hours per week. |
| Areas of Interest | Actuarial Studies and Statistics |
| Requisite Statement |
STAT2001 Introductory Mathematical Statistics and STAT2032 Financial Mathematics |
| Prescribed Texts |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3037 |
| Preliminary Reading |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3037
|
| Indicative Reading List |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3037 |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3037 |
| Academic Contact | See: http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3037 |
The information published on the Study at ANU 2011 website applies to the 2011 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2010 website.
