ETX5110 Actuarial practice 1
Faculty of Business and Economics
ETX5110 Actuarial practice 1 is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2026 in Semester 1 at City (Melbourne). It has no prerequisites.
- Credit points
- 6
- Offered in 2026
- Semester 1
- City (Melbourne)
- Assessment
- Exam 60%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
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Requisites
Before ETX5110
Prohibitions
You can't enrol if you have passed any of these.
After ETX5110
No unit lists ETX5110 as a prerequisite in the 2026 handbook.
Enrolment rules
You must be enrolled in course B6023 to undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit covers the subject material required for Actuaries Institute subject Part IIA The Actuarial Control Cycle. You'll be introduced to the concept of the Actuarial Control Cycle and how it can be applied in practical commercial situations in a wide range of insurance and related applications. This covers life insurance, general insurance, health insurance, pension or superannuation funds and investment issues. The unit also develops your understanding of a wide range of commercial background matters in insurance, pensions and investment - covering features of financial products, the related business environment in Australia, and Government policies affecting insurance and related industries. Risk management is introduced both in terms of the risk issues involved in offering insurance and related financial products, and the general concepts of Enterprise Risk Management.
Offerings in 2026
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | City (Melbourne) | On ev |
Assessment
- Performance10%
- Written30%
- ExaminationThreshold hurdle60%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
discuss and apply an actuarial control cycle in a variety of practical commercial situations
- 2
apply the tests of professionalism
- 3
examine the need for and impact of regulation and government policy on medium and long term commercial decisions
- 4
analyse the main features and risks of financial products and contracts, from the point of view of consumers and providers
- 5
demonstrate an understanding of enterprise risk management and its role in organisational management
- 6
apply a risk assessment framework to identify and assess the risks in a range of commercial situations.
Workload and teaching
- Workshops24 hours
- Teaching approachProblem-based learning
- Teaching approachProfessional placement
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.
This unit provides you with opportunities to engage in professional settings relevant to your practitioner field.
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.
Where it fits
ETX5110 is part of 1 area of study in the 2026 handbook.
Contacts
- Chief Examiners
- Associate Professor Andrew Matthews
Common questions
What are the prerequisites for ETX5110?
ETX5110 has no prerequisites, but enrolment rules apply.
When is ETX5110 offered?
In 2026, ETX5110 runs in Semester 1 at City (Melbourne).
How much work is ETX5110?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETX5110 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 2 other tasks.
Which majors and minors include ETX5110?
ETX5110 is part of Econometrics and business statistics.