ETC4120 Actuarial practice 2
Faculty of Business and Economics
ETC4120 Actuarial practice 2 is a level 4, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2025 in Semester 2 at City (Melbourne). It needs ETC5353 or ETC3530.
- Credit points
- 6
- Offered in 2025
- Semester 2
- City (Melbourne)
- Assessment
- Exam 60%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2025 handbook entry. See the 2027 entry.
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Requisites
Before ETC4120
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ETC4120
No unit lists ETC4120 as a prerequisite in the 2025 handbook.
Enrolment rules
You must be enrolled in course B3701, B6014 or B6060 to undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit covers some of the subject material required for Actuaries Institute Part II subject on The Actuarial Control Cycle. You are introduced to applications of the Actuarial Control Cycle in a wide range of insurance and related areas, including life insurance, general insurance, health insurance, pension or superannuation funds and investment. This includes the use of data and models in solving actuarial problems. Key concepts are explored in prudent financial management of products, including appropriate management and valuation of capital and liabilities and costs, to provide good insight on solvency and profitability of particular financial and insurance products. You will also learn about applying the control cycle to product design and pricing, as well as monitoring experience and modifying design.
Offerings in 2025
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | City (Melbourne) | On ev |
Assessment
- Written30%
- Performance10%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
discuss and apply the process of product design
- 2
select an appropriate model to solve client problems
- 3
recognise the importance of capital
- 4
apply relevant approaches and techniques to the valuation of liabilities
- 5
apply appropriate techniques to the pricing of products and contracts
- 6
measure, report and manage solvency
- 7
measure and report emerging profits and/or costs
- 8
monitor and assess experience
- 9
manage the business and respond to the experience.
Workload and teaching
- Workshops36 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes problem-based learning approaches, where you 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.
Learning resources
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Contacts
- Chief Examiners
- Associate Professor Andrew Matthews
Common questions
What are the prerequisites for ETC4120?
You need ETC5353 or ETC3530 before you enrol. Enrolment rules also apply.
When is ETC4120 offered?
In 2025, ETC4120 runs in Semester 2 at City (Melbourne).
How much work is ETC4120?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETC4120 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 2 other tasks.