ETM2550 Actuarial mathematics 1
Faculty of Business and Economics
ETM2550 Actuarial mathematics 1 is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2025. It needs ETM1030 and unlocks 1 unit.
- Credit points
- 6
- Offered in 2025
- Not offered
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2025 handbook entry. See the 2027 entry.
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Requisites
Before ETM2550
Prerequisites
Pass these before you enrol.
After ETM2550
1 unit list ETM2550 as a prerequisite or corequisite.
Overview
In this unit, you will be exposed to a comprehensive coverage of foundational principles in financial mathematics and their practical applications across diverse financial scenarios. Building upon the prerequisite knowledge acquired in Probability and Statistics I, you will be provided with a solid understanding of calculating present and accumulated values for various cash flow patterns. The unit places particular emphasis on the practical relevance of these principles, highlighting their application in amortizing loans, pricing financial instruments, valuing assets and liabilities, and effectively managing personal finance. By combining theoretical knowledge with real-world applications, this unit will equip you with the skills needed to navigate complex financial landscapes.
Upon unit completion, you will have acquired the necessary knowledge and skills on the essential tools for financial analysis and decision-making to excel in actuarial analytics, and provide sufficient expertise for use in various later units and the actuarial professional examinations.
Offerings in 2025
The 2025 handbook lists no offerings for ETM2550.
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
relate the concepts relating to interest rates
- 2
apply financial mathematics principles to calculate present and accumulated values for various cash flow streams
- 3
integrate financial software tools and technology to enhance efficiency in financial calculations, modeling, and analysis.
Workload and teaching
- Tutorials24 hours
- Teaching approachActive learning
- 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 engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective 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.
Common questions
What are the prerequisites for ETM2550?
You need ETM1030 before you enrol.
What can I take after ETM2550?
ETM2550 is a prerequisite or corequisite for 1 unit, including ETM3550.
When is ETM2550 offered?
ETM2550 has no offerings listed in the 2025 handbook.
How much work is ETM2550?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETM2550 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.