The Actuarial Statistics specialisation is designed for students who wish to:
- Develop a greater understanding of statistical principles and their application in actuarial science;
- Gain Foundation Program exemptions through the Actuaries Institute;
- Improve analytical skills for interpreting and analysing actuarial and statistical information;
- Gain greater insight into the Australian and international financial markets;
- Increase management skills for dealing with organisations, teams and policy issues; and,
- Expand their applied knowledge in various specialised areas of actuarial studies and statistics.
Learning Outcomes
Recognise the important role of statistical principles and their application in actuarial science;
Demonstrate the necessary analytical skills for interpreting and analysing actuarial and statistical information;
Critically engage with and evaluate actuarial and statistical problems.
Other Information
This specialisation is incompatible with the Actuarial Studies specialisation.
Relevant Degrees
Requirements
This specialisation requires the completion of 24 units, which must consist of:
A minimum of 12 units from the completion of the following:
STAT6013 Principles of Mathematical Statistics for Actuarial Studies
STAT6014 Regression Modelling for Actuarial Studies
STAT6043 Life Contingencies
STAT6045 Actuarial Techniques
STAT6046 Financial Mathematics
STAT7004 Introduction to Stochastic Processes
STAT7042 Survival Models
STAT8057 Risk Modelling 1
STAT8058 Risk Modelling 2
A maximum of 12 units from the completion of the following:
BUSN7008 Financial Statements and Reporting
ECON8069 Business Economics
FINM7003 Continuous Time Finance
FINM7006 Applied Foundations of Finance
FINM7007 Applied Corporate Finance
FINM7008 Applied Investments
FINM7041 Applied Derivatives
24 units from completion of the following course(s):
| Code | Title | Units |
|---|---|---|
| FINM7003 | Continuous Time Finance | 6 |
| FINM7008 | Applied Investments | 6 |
| FINM7041 | Applied Derivatives | 6 |
| STAT6039 | Principles of Mathematical Statistics | 6 |
| STAT6043 | Life Contingencies | 6 |
| STAT6045 | Actuarial Techniques | 6 |
| STAT6046 | Financial Mathematics | 6 |
| STAT7042 | Survival Models | 6 |
| STAT7018 | Stochastic Modelling | 6 |
| STAT8035 | Risk Theory | 6 |
| STAT8036 | Credibility Theory | 6 |
| MATH1113 | Mathematical Foundations for Actuarial Studies | 6 |