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Financial mathematics under uncertainty

Level 3S1

About

Financial Mathematics under uncertainty will cover the topics of Markov chain, Markov process, survival models, mortality estimation, graduation, censoring, mortality projection, and machine learning applications.

Offered in 2026

Semester 1Clayton· ON-CAMPUS

Prerequisites

all of

ETC2520Probability and statistical inference for economics and business

ETC2440Mathematics for economics and business

ETC2430Actuarial cash flow modelling

Enrolment rules

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.

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Financial mathematics under uncertainty

ETC3430

Synopsis

Sourced from the Monash Handbook 2026.

Quick facts

Credit points: 6
Level: 3
Audience: Undergraduate
Type: Coursework
School: Faculty of Business and Economics
Faculty: Department of Econometrics and Business Statistics
Handbook year: 2026

Prerequisites (3)

What it unlocks

Nothing in the visible graph depends on this unit.

Offerings (1)

First semesterClayton · ON-CAMPUS

Listed in 4 areas of study

Actuarial studiesCore units
Actuarial studiesCore units
Actuarial studiesCore units
Mathematical foundations of econometricsElective units