| Type: | Postgraduate Subject |
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| Code: | ACSC71-305 |
| EFTSL: | 0.125 |
| Faculty: | Bond Business School |
| Semesters offered: |
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| Credit: | 10 |
| Study areas: |
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| Subject fees: |
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Description
The aim of this subject is to provide a grounding in the principles of modelling as applied to actuarial work – focusing particularly on stochastic asset liability models and the valuation of financial derivatives. These skills are also required to communicate with other financial professionals and to critically evaluate modern financial theories.
Subject details
Learning outcomes
- Apply modern asset and derivative pricing theory to implementing valuations for advanced insurance and finance applications.
- Assess stochastic models of financial securities and other asset pricing situations.
- Apply stochastic interest rate modelling concepts to model the term structure of interest rates.
- Analyse advanced models for credit risk assessment.
- Apply ruin theory to liability valuation in insurance contexts
- Demonstrate advanced run-off techniques in general insurance reserving applications.
- Design asset liability valuation methodologies in Excel/VBA for advanced insurance and finance applications.
Enrolment requirements
| Requisites: |
Pre-requisites:Co-requisites:There are no co-requisites Pre/Co-requisites: |
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| Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
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| Restrictions: |
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Subject outlines
- January 2025 [Standard - Actuarial and Financial Models]
- September 2024 [Standard - Actuarial and Financial Models]
- January 2024 [Standard - Actuarial and Financial Models]
- September 2023 [Standard - Actuarial and Financial Models]
- January 2023 [Standard - Actuarial and Financial Models]
- September 2022 [Standard - Actuarial and Financial Models]
- January 2022 [Standard - Actuarial and Financial Models]
- September 2021 [Standard - Actuarial and Financial Models]
- January 2021 [Standard - Actuarial and Financial Models]
- September 2020 [Standard - Actuarial and Financial Models]
- January 2020 [Standard - Actuarial and Financial Models]
Subject dates
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January 2024
Standard Offering Enrolment opens: 12/11/2023 Semester start: 15/01/2024 Subject start: 15/01/2024 Last enrolment: 28/01/2024 Teaching census: 09/02/2024 Withdraw - Financial: 10/02/2024 Withdraw - Academic: 02/03/2024 -
September 2024
Standard Offering Enrolment opens: 14/07/2024 Semester start: 09/09/2024 Subject start: 09/09/2024 Last enrolment: 22/09/2024 Teaching census: 04/10/2024 Withdraw - Financial: 05/10/2024 Withdraw - Academic: 26/10/2024 -
January 2025
Standard Offering Enrolment opens: 10/11/2024 Semester start: 20/01/2025 Subject start: 20/01/2025 Last enrolment: 02/02/2025 Teaching census: 14/02/2025 Withdraw - Financial: 15/02/2025 Withdraw - Academic: 08/03/2025
| Standard Offering | |
|---|---|
| Enrolment opens: | 12/11/2023 |
| Semester start: | 15/01/2024 |
| Subject start: | 15/01/2024 |
| Last enrolment: | 28/01/2024 |
| Teaching census: | 09/02/2024 |
| Withdraw - Financial: | 10/02/2024 |
| Withdraw - Academic: | 02/03/2024 |
| Standard Offering | |
|---|---|
| Enrolment opens: | 14/07/2024 |
| Semester start: | 09/09/2024 |
| Subject start: | 09/09/2024 |
| Last enrolment: | 22/09/2024 |
| Teaching census: | 04/10/2024 |
| Withdraw - Financial: | 05/10/2024 |
| Withdraw - Academic: | 26/10/2024 |
| Standard Offering | |
|---|---|
| Enrolment opens: | 10/11/2024 |
| Semester start: | 20/01/2025 |
| Subject start: | 20/01/2025 |
| Last enrolment: | 02/02/2025 |
| Teaching census: | 14/02/2025 |
| Withdraw - Financial: | 15/02/2025 |
| Withdraw - Academic: | 08/03/2025 |