STAT6045 Actuarial Techniques

Offered By	Rsch Sch of Finance, Actuarial Studies & App Stats
Academic Career	Graduate Coursework
Course Subject	Statistics
Offered in	Second Semester, 2013 and Second Semester, 2014
Unit Value	6 units
Course Description	This course provides a simplified model for solving actuarial problems in practice. Sample actuarial problems are examined in detail, with solutions being developed using Excel and Visual Basic. These solutions are then reported to the stakeholders of the problem. The aim of this course is to develop actuarial capabilities beyond the technical foundations taught in other actuarial courses.
Learning Outcomes	Upon successful completion of the requirements for this course, students will be able to: Identify actuarial problems in a variety of contexts. Identify the key factors that need to be taken into account in solving actuarial problems. Use computer-based tools to assist in solving actuarial problems. Communicate in writing the results of the solution to the actuarial problem to a variety of stakeholders.
Indicative Assessment	Assignments - 60% Final Exam - 40%
Workload	It is anticipated that students will spend on average 10 hours per week on the course, including time spent in class.
Course Classification(s)	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. and TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest	Actuarial Studies
Prescribed Texts	Weekly lecture notes will be available on Wattle. Hard copies of the lecture notes will not be provided in class. It is up to the student to print out the lecture notes from Wattle.
Technology Requirements	Students will be required to supply a calculator. The use of Excel is required for the completion of tutorial and assignment questions in this course. Excel may be used on campus or on the students’ personal computers or laptops. Students may find it beneficial to bring a laptop to lectures to follow along with Excel examples, although this is not a requirement.
Programs	Graduate Certificate in Actuarial Techniques, Graduate Certificate in Actuarial Techniques, Master of Actuarial Statistics, Master of Actuarial Statistics, Master of Actuarial Studies, and Master of Actuarial Studies
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.