ETC2430 Actuarial cash flow modelling
Faculty of Business and Economics
ETC2430 Actuarial cash flow modelling is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 at Clayton. It needs ETW1001, ETX1100, ETB1100, FIT1006, ETC1000, SCI1020, ETF1100 or STA1010 and unlocks 6 units, leading on to 9 units in all.
- Credit points
- 6
- Offered in 2022
- Semester 1
- Clayton
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ETC2430
Prerequisites
Pass these before you enrol.
- ETW1001Introduction to statistical analysisNo reviews yet
- ETX1100Business statisticsNo reviews yet
- ETB1100Business statisticsNo reviews yet
- FIT1006Business information analysisNo reviews yet
- ETC1000Business and economic statisticsNo reviews yet
- SCI1020Introduction to statistical reasoningRated 5.0 out of 5 from 1 review
- ETF1100Business statisticsNo reviews yet
- STA1010Statistical methods for scienceNo reviews yet
After ETC2430
6 units list ETC2430 as a prerequisite or corequisite.
- ETC3430Financial mathematics under uncertaintyNo reviews yet
- ETC3520Foundations of quantitative financeNo reviews yet
- ETC3530Life insurance mathematicsNo reviews yet
- ETC5343Financial mathematics under uncertaintyNo reviews yet
- ETC5352Foundations of quantitative financeNo reviews yet
- ETC5353Life insurance mathematicsNo reviews yet
Enrolment rules
If you are enrolled in course B6014, there is no prerequisite to undertake this unit.
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Overview
This unit will introduce you to basic financial and stochastic techniques used in actuarial work, and will give an overview of some of the areas in which actuaries are currently involved. You will be introduced to the basic concepts involved in interest rates and time value of money, leading to assessing and pricing future risks and pricing insurance products, using past data.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
introduce actuarial discounting concepts and basic actuarial notation
- 2
introduce statistical techniques in actuarial work
- 3
develop an understanding of interest rates and the actuarial analysis of cash flows
- 4
understand the use of equation of value in actuarial pricing and appraisal.
Workload and teaching
- Tutorials18 hours
- Lectures24 hours
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit includes problem-based learning approaches, where students engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Where it fits
ETC2430 is part of 2 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Mr Hamza Hanbali
Common questions
What are the prerequisites for ETC2430?
You need ETW1001, ETX1100, ETB1100, FIT1006, ETC1000, SCI1020, ETF1100 or STA1010 before you enrol. Enrolment rules also apply.
What can I take after ETC2430?
ETC2430 is a prerequisite or corequisite for 6 units, including ETC3430, ETC3520, ETC3530, ETC5343, ETC5352 and ETC5353. Those lead on to 9 units in all.
When is ETC2430 offered?
In 2022, ETC2430 runs in Semester 1 at Clayton.
How much work is ETC2430?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETC2430 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ETC2430?
ETC2430 is part of Actuarial studies.