ETM3550 Actuarial mathematics 2
Faculty of Business and Economics
ETM3550 Actuarial mathematics 2 is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2025. It needs ETM2550.
- 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 ETM3550
Prerequisites
Pass these before you enrol.
After ETM3550
No unit lists ETM3550 as a prerequisite in the 2025 handbook.
Overview
This unit provides you with a comprehensive exploration of the actuarial and financial dimensions of life contingencies. You will delve into the principles and techniques crucial for analysing uncertain future events, with a specific focus on their application within insurance products. Furthermore, it covers pricing assessments and reserving calculations for a diverse array of insurance and pension products. This unit provides you with advanced knowledge and practical skills. This capstone unit integrates theoretical concepts with real-world applications, fostering a deep understanding of actuarial mathematics for modelling. Throughout the unit, you will engage in the application of financial mathematics principles, enabling you to calculate gross premiums and reserves for various assurance and annuity contracts. Emphasizing the integration of financial software tools and technology, this unit will equip you to enhance efficiency in financial calculations, modelling, and analysis. This unit serves as the pinnacle of the course, providing you with a holistic perspective on life contingencies and the intricate financial considerations involved in insurance and pension products. It prepares you for the challenges of the actuarial profession, ensuring that you graduate with a well-rounded skill set ready for the dynamic landscape of actuarial analytics.
Upon completion of this unit, you will have acquired a thorough and comprehensive understanding of the actuarial and financial dimensions of life contingencies with a specific focus on insurance products, which serves as a crucial component in the development of advanced analytical skills and strategic decision-making for actuarial and financial management in the field of actuarial analytics, and provides sufficient expertise for use in your professional journey in the actuarial field and the actuarial professional examinations.
Offerings in 2025
The 2025 handbook lists no offerings for ETM3550.
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
relate the concepts relating to actuarial mathematics for modeling
- 2
apply financial mathematics principles to calculate gross premiums and reserves of various assurance and annuity contracts
- 3
integrate financial software tools and technology to enhance efficiency in financial calculations, modeling, and analysis.
Workload and teaching
- Tutorials24 hours
- Teaching approachCase-based teaching
- 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 includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
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 ETM3550?
You need ETM2550 before you enrol.
When is ETM3550 offered?
ETM3550 has no offerings listed in the 2025 handbook.
How much work is ETM3550?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETM3550 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.