ETC3530 Contingencies in insurance and pensions
Faculty of Business and Economics
ETC3530 Contingencies in insurance and pensions is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 2 at Clayton. It needs BFC2340 or ETC2430 and unlocks 3 units.
- Credit points
- 6
- Offered in 2020
- Semester 2
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ETC3530
Prerequisites
Pass these before you enrol.
After ETC3530
3 units list ETC3530 as a prerequisite or corequisite.
Overview
The modelling and valuation of cash flows dependent on death, survival, or other uncertain risks.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
calculate, using ultimate or select mortality, net premiums and net premium reserves for increasing and decreasing benefits and annuities
- 2
develop techniques for the valuation of annuity and assurance products involving two lives, and the use of actuarial functions in that situation
- 3
develop methods which can be used to model cash flows contingent upon competing risks
- 4
use the technique of discounted emerging costs as used in profit tests, pricing assessments and reserving calculations for various insurance and pension products
- 5
address practical issues such as guarantees and options, risk classification and the effects of the pricing and reserving basis on the emergence of profit.
Workload and teaching
- Tutorials18 hours
- Lectures24 hours
- Teaching approachPeer assisted 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.
Where it fits
ETC3530 is part of 3 areas of study in the 2020 handbook.
Contacts
- Chief Examiners
- Professor Brett Inder
Common questions
What can I take after ETC3530?
ETC3530 is a prerequisite or corequisite for 3 units, including ETC4110, ETC4120 and ETC4130.
When is ETC3530 offered?
In 2020, ETC3530 runs in Semester 2 at Clayton.
How much work is ETC3530?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETC3530 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ETC3530?
ETC3530 is part of Actuarial studies; and Financial and insurance mathematics.