ACST8033 Control Cycle B

Offered By	Rsch Sch of Finance, Actuarial Studies & App Stats
Academic Career	Graduate Coursework
Course Subject	Actuarial Studies
Offered in	Second Semester, 2013 and Second Semester, 2014
Unit Value	6 units
Course Description	This course covers investment and asset modeling for the purpose of liability portfolio management in the financial services industry, with a specific focus on life insurers, general insurers and superannuation funds. The course will cover development of investment strategies with regard to liability characteristics and within regulatory constraints. The use of long term stochastic actuarial models of assets and liabilities in the context of designing and monitoring investment strategies will be covered, including model characteristics and limitations.
Learning Outcomes	Upon successful completion of the requirements for this course, students will be able to: Demonstrate an understanding of the characteristics, returns and risk factors of the different types of investment Apply the methods used for the valuation of investments Develop an understanding of the major economic, financial and practical theories relevant to investment Understand the impact of the liabilities on investment objectives and constraints Describe the characteristics and limitations of the major stochastic investment models Derive relevant assumptions for each of these models Demonstrate the ability to build a relevant stochastic model Formulate an appropriate investment strategy for a given liability portfolio Discuss the practical implementation of investment strategy
Indicative Assessment	Examination: 65% Assignment 1: 12% Assignment 2: 23%
Workload	4 contact hours per week plus personal study time
Course Classification(s)	AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation.
Requisite Statement	STAT3038/STAT6045
Academic Contact	enquiries.fas@anu.edu.au

The information published on the Study at ANU 2013 website applies to the 2013 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2012 website.