Bachelor of Science (Actuarial Science)

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Curtin University

Comments about Bachelor of Science (Actuarial Science) - On Campus - Bentley - Western Australia

• Objectives
  Undesirable events with significant emotional or financial consequences can affect both individuals and organisations. The chance that an unwanted event will occur is termed 'risk' and can have a significant impact on the way organisations and businesses run. Actuaries identify and calculate the risk of unwanted events which might affect an organisation. They find strategies for minimising the risk of undesirable events or for reducing the effect they may have on an organisation. Actuaries apply the concepts of mathematics and statistics to finance and insurance, with a particular focus on risk assessment. This course will expose you to the analytical and computing techniques required to model industrial and commercial processes. You will develop sound skills in mathematics, statistics, finance, economics, accounting, law, computing and demographics. You will learn advanced mathematical and statistical techniques relevant to risk and survival analysis and achieve an associated understanding of economics and corporate finance.
• Entry requirements
  TEE Applicable Mathematics. TEE Calculus desirable.
• Academic title
  Bachelor of Science (Actuarial Science)
• Course description
  Course CRICOS Code: 038785D
  Registered full-time Duration for International Onshore Students on student visas: 3 Years
  
  Introduction
  
  This course is designed to provide graduates with the necessary skills in mathematics, statistics, finance, economics, accounting, law, computing and demographics to prepare them for employment as financial advisors in commerical organisations involving insurance companies, superannuation funds, banks, other financial institutions and governments.
  
  Course Entry Requirements/Prerequisites
  
  TEE Applicable Mathematics. Calculus is desirable.
  
  Specific Requirements
  STAT is not acceptable for mature age entry but may be used to demonstrate English Competence requirements.
  
  Note
  In certain cases, the need to complete special units may result in an extension of studies beyond the normal length of the course.
  
  Recognition of Prior Learning
  Applications for recognition of prior learning are assessed on an individual basis.
  
  Duration and Availability
  3 years full-time study or part-time equivalent
  
  Professional Recognition
  This course is accredited by the Institute of Actuaries of Australia.
  
  Additional Course Expenses
  Students may be expected to purchase a number of textbooks, readers and other essential study materials.
  
  Further Information
  
  Contact the Career Consultant, Faculty of Science and Engineering
  
  Course Structure Disclaimer
  Curtin University reserves the right to alter the internal composition of any course to ensure learning outcomes retain maximum relevance. Any changes to the internal composition of a course will protect the right of students to complete the course within the normal timeframe and will not result in additional cost to students through a requirement to undertake additional units.
  
  Course Structure                                                          Hrs/Wk     Credit
  Year 1 Semester 1
  10987       v.5           Accounting 100                                     3.0     25.0
  1234         v.4           Economics 100                                      3.0     25.0
  307590     v.2           Statistical Data Analysis 101                 3.0     12.5
  310532     v.1           Statistical Data Analysis 102                 3.0     12.5
  7062         v.6           Mathematics 101                                   5.0     25.0
        OR
  10926       v.5           Mathematics 103                                  5.0     25.0
                                                                                                         100.0
  
  Year 1 Semester 2
  11001       v.3           Economics (Macro) 101                          3.0     25.0
  306542     v.2           Principles of Actuarial Science 101         5.0     25.0
  307554     v.1           Science Communications 101                2.0     12.5
  307591     v.2           Statistical Data Analysis 103                 3.0     12.5
  7063         v.6           Mathematics 102                                   5.0     25.0
        OR
  7492         v.5           Mathematics 104                                   5.0     25.0
                                                                                                           100.0
  
  Year 2 Semester 1
  12607       v.3           Finance (Principles) 215                         3.0     25.0
  302315     v.2           Mathematical Statistics 202                   4.0     25.0
  309010     v.1           Principles of Insurance and
                                   Superannuation 201                              4.0     25.0
  8127         v.6           Advanced Calculus 201                          4.0     25.0
                                                                                                           100.0
  
  Year 2 Semester 2
  311622     v.1           Theory of Interest 202                            3.0     25.0
  311623     v.1           Practical Mathematical
                                   Financial Modelling 302                           3.0     25.0
  8128         v.6           Linear Algebra 202                                  4.0     25.0
  8393         v.9           Experimental Design and Analysis 202    4.0     25.0
                                                                                                            100.0
  
  Year 3 Semester 1
  311007     v.1           Statistical Modelling 301                          4.0     25.0
  311624     v.1           Actuarial Statistics 301                            4.0     25.0
  311626     v.1           Life Contingencies 301                            4.0     25.0
  311628     v.1           Actuarial Economics 301                          4.0     25.0
                                                                                                            100.0
  
  Year 3 Semester 2
  311625     v.1           Survival Analysis 301                               5.0     25.0
  311627     v.1           Life Contingencies 302                            4.0     25.0
  311629     v.1           Actuarial Economics 302                          4.0     25.0
  311631     v.1           Risk Analysis and Credibility Theory 202  4.0     25.0
                                                                                                            100.0
  Availability
  Year     Location                     Period     All*     Internal    
  2009     Bentley Campus     Semester 1           Y                 
  2009     Bentley Campus     Semester 2           Y                 
  
  The information displayed above refers to study periods and locations where the course is available for first time entry. Students are normally only offered or admitted to a course once.
  
  *The course itself may not be available either solely internally or externally but individual units may be offered in either or both of those modes. Prospective students should contact the Course Coordinator for further information.
  

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